Announcement on the Expiration of Mining Permit and Overdue Bank Loan of Investee Company
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Huaiji Dengyun Auto Parts Co., Ltd. (hereinafter referred to as the "Company") recently received a notice from its investee company, Shaanxi Hanyin Huanglong Gold Mine Co., Ltd. (hereinafter referred to as "Hanyin Huanglong"), in which the Company indirectly holds a 25% equity interest. Hanyin Huanglong's mining permit expired on June 26, 2026, and the renewal procedures have not yet been completed. At the same time, a working capital loan of RMB 30 million applied for by Hanyin Huanglong from Shaanxi Hanyin Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Hanyin Rural Commercial Bank") is overdue. The specific situation is hereby announced as follows:
I. Basic Information of the Investee Company
(1) Company Name: Shaanxi Hanyin Huanglong Gold Mine Co., Ltd.;
(2) Registered Capital: RMB 16 million;
(3) Business Scope: Gold mining and beneficiation. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments);
(4) Equity Structure: The Company indirectly holds a 25% equity interest, and Kexi Zhenrun Investment Group Co., Ltd. indirectly holds a 75% equity interest;
(5) Main Financial Data for the Most Recent Year:
| Item | End of 2025 / 2025 (RMB million) |
|---|---|
| Total Assets | 16,004.41 |
| Net Assets | 6,653.04 |
| Operating Income | 4,378.64 |
| Net Profit | -878.92 |
II. Situation of Mining Permit Expiration and Non-Renewal
The mining permit held by Hanyin Huanglong (Permit No.: C6100002010094110074804) is valid from June 26, 2024, to June 26, 2026.