Hunan Gold Co., Ltd. Board of Directors
Statement on Compliance with Article 4 of the "Regulatory Requirements for Listed Companies' Major Asset Restructuring" for the Current Transaction
Hunan Gold Co., Ltd. ("Hunan Gold" or the "Company") plans to acquire 100% of the equity in Hunan Gold Tianyue Mining Co., Ltd. held by Hunan Gold Group Co., Ltd. and Hunan Tianyue Investment Group Co., Ltd., and 100% of the equity in Hunan Zhongnan Gold Smelting Co., Ltd. held by Hunan Gold Group Co., Ltd. by issuing shares, and to raise supporting funds through share issuance (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 Article 4 of the "Regulatory Requirements for Listed Companies' Major Asset Restructuring" (hereinafter referred to as "Regulatory Requirements No. 9"), as detailed below: