Yintai Gold to hold EGM for subsidiary guarantees, H-share listing

Yintai Gold (SZSE:000975) announced that its Ninth Board of Directors and Ninth Supervisory Board held meetings on September 1, 2025. Both bodies approved a resolution for inter-subsidiary guarantees. This resolution will now be presented to the company's Third Extraordinary General Meeting of 2025 for shareholder approval.

The guarantee involves Yintai Gold's wholly-owned subsidiary, Hainan Shengwei Trading Co., Ltd., providing a performance bond of up to $26 million for another wholly-owned subsidiary, Osino Gold Exploration and Mining (Pty) Ltd. Osino Gold will use this bond for a solar power plant construction contract with Solarcentury Africa Limited, expected to support the Twin Hills Gold Mine project in Namibia.

The Third Extraordinary General Meeting is scheduled for September 22, 2025, in Beijing. Shareholders will vote on the guarantee, alongside several other proposals including revisions to the company's articles of association and governance policies, election of new directors, and a proposed H-share listing on the Hong Kong Stock Exchange. The total amount of external guarantees by Yintai Gold and its controlled subsidiaries will increase to RMB 473,878.72 million after this transaction.