Major News from Wanggu Gold Mine: 002155 Makes a Move to Acquire

Hunan Gold (002155) disclosed a draft on July 8, proposing to acquire 100% equity of Hunan Gold Tianyue Mining and Central South Gold Smelting for 4.334 billion yuan (approximately $56.9 million), further consolidating control over the Wanggu Gold Mine in Pingjiang, Hunan. The transaction includes issuing shares to purchase assets and raising up to 1 billion yuan (approximately $13.1 million) in supporting funds. Asset valuation shows the equity price of Gold Tianyue at about 3.502 billion yuan (approximately $46.0 million) and Central South Smelting at about 832 million yuan (approximately $10.9 million).