Explanation from the Board of Directors on Asset Purchases and Sales in the Last Twelve Months

GuoCheng Mining Co., Ltd.·May 22, 2026·1 page

✨ AI Summary

The announcement details a transaction where Guocheng Mining plans to acquire a 40% stake in Inner Mongolia Guocheng Industry for cash. This transaction is classified as a related party transaction and a significant asset restructuring. A previous acquisition of a 60% stake was approved at a shareholder meeting, with a transaction price of 3.168 billion yuan. The board clarifies that this transaction does not require cumulative calculation under regulations.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Explanation from the Board of Directors on Asset Purchases and Sales in the Last Twelve Months

Guocheng Mining Co., Ltd. (hereinafter referred to as "the Company," "the Listed Company," or "Guocheng Mining") intends to purchase a 40% equity stake in Inner Mongolia Guocheng Industry Co., Ltd. (hereinafter referred to as "Guocheng Industry") held by CITIC Trust Co., Ltd. (representing CITIC Trust · Xinhua No. 57 Equity Trust Plan) through cash payment (hereinafter referred to as "this transaction"). Upon completion of this transaction, Guocheng Industry will become a wholly-owned subsidiary of the listed company. This transaction constitutes a related party transaction and a significant asset restructuring.

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.