Chengtun Mining Group announces leadership changes, subsidiary investment

Chengtun Mining Group Co., Ltd. announced that Mr. Jin Xin resigned as a director, member of the ESG committee, and general manager, effective November 12, 2025, due to work adjustments. The company will propose Mr. Wu Yicong as a non-independent director candidate, and the board has appointed Mr. Long Shuang as the new general manager and Mr. Wu Yicong as the executive vice general manager, with terms effective from November 12, 2025, until the end of the eleventh board of directors. These appointments are pending shareholder approval for the directorship.

In a related development, Chengtun Mining Group announced a $19,995 investment in its wholly-owned subsidiary, Chengtun Gold International Limited. This will be facilitated through a newly established, wholly-owned Hong Kong subsidiary, Chengtun Gold Holding Limited, which will in turn invest in Chengtun Gold International Limited. This transaction aims to optimize the equity structure of overseas subsidiaries and advance the company's internationalization process.

The board approved this $19,995 investment. Chengtun Gold Holding Limited will hold 99.975% of Chengtun Gold International Limited following the capital increase.