Hunan Gold divests Huangshi Panlongxin for 14.2m yuan

Hunan Gold Corporation announced the completion of its divestiture of a 70% equity stake and associated creditor's rights in its controlling subsidiary, Huangshi Panlongxin Mining Co., Ltd. The transfer price was 14,239,001 yuan. This transaction was approved by the company's board of directors on May 19, 2025, with the initial minimum listing price set at no less than 14,239,001 yuan.

The company, along with its subsidiary Hunan Chenzhou Mining Co., Ltd., signed the property rights transaction contract with the transferee, Yangxin County Xinxiang Mining Co., Ltd., on August 18, 2025. Following full payment of the transaction price by the transferee, Huangshi Panlongxin completed its industrial and commercial registration changes and obtained a business license from the Yangxin County Market Supervision Administration.

As a result of this transaction, Hunan Gold Corporation and its subsidiaries will no longer hold equity or creditor's rights in Huangshi Panlongxin, meaning the company will cease to include Huangshi Panlongxin in its consolidated financial statements. The transaction does not constitute a related party transaction or a major asset restructuring under relevant regulations.