Hainan Mining acquisition oversight, subsidiary guarantee detailed

Debon Securities Co., Ltd. has released its continuous supervision opinion for the first half of 2025 concerning the acquisition of Hainan Mining Co., Ltd. by Fosun High-Tech. The acquisition, involving 597,286,433 shares (29.34% of total share capital), was completed through an agreement transfer between entities under the same actual control, and did not require a tender offer. All share transfers for the acquisition have been finalized, with registration completed.

In a separate announcement, Hainan Mining Co., Ltd. disclosed a new guarantee for its wholly-owned subsidiary, Hainan Haikuang International Trade Co., Ltd. The guarantee, amounting to CNY 110,000,000, covers a comprehensive credit line from Nanyang Commercial Bank (China) Co., Ltd., Haikou Branch, for a period of three years. This brings the total external guarantees for subsidiaries to CNY 580,000,000, representing 83.45% of Hainan Mining's net assets as of the latest audited period.

The supervision opinion also notes changes in Hainan Mining's board and supervisory board, including resignations and new appointments. The company's articles of association were also revised to reflect a change in registered capital, effective May 30, 2025.