Board of Directors' Statement on the Transaction Complying with Articles 11, 43, and 44 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies

Hunan Gold Corporation Limited·July 8, 2026·3 pages

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Hunan Gold announces its board's confirmation that the proposed share issuance to acquire mining and smelting assets complies with relevant regulations. The transaction aims to improve asset quality and operational capacity without adverse financial impacts or conflicts of interest, ensuring continued independence and sound corporate governance.

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Hunan Gold Corporation Limited Board of Directors

Statement on the Transaction Complying with Articles 11, 43, and 44 of the "Measures for the Administration of Major Asset Reorganizations of Listed Companies"

Hunan Gold Corporation Limited (hereinafter referred to as the "Company") proposes to acquire 100% equity of Hunan Gold Tianyue Mining Co., Ltd. held by Hunan Gold Group Co., Ltd. and Hunan Tianyue Investment Group Co., Ltd., and 100% equity of Hunan Zhongnan Gold Smelting Co., Ltd. held by Hunan Gold Group Co., Ltd. by issuing shares, and to raise supporting funds by issuing shares (hereinafter referred to as the "Transaction"). After careful consideration, the Company's Board of Directors believes that the Transaction complies with the relevant provisions of Articles 11, 43, and 44 of the "Measures for the Administration of Major Asset Reorganizations of Listed Companies," with the specific details as follows:

I. The Transaction Complies with Article 11 of the "Measures for the Administration of Major Asset Reorganizations of Listed Companies"

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