Hunan Jinhegui Mining Co., Ltd. signed cooperation with Chenzhou Branch of Agricultural Bank of China.

Hunan Jinhe Gui Mining Co., Ltd. has signed cooperation with Hunan Branch of Great Wall Assets of China.

On May 9, Chenzhou Jingui Silver Industry Co., Ltd., Hunan Jinhegui Mining Co., Ltd. and Hunan Branch of China Great Wall Asset Management Co., Ltd. and Chenzhou Branch of Agricultural Bank of China formally signed cooperation agreements with a total amount of 4.17 billion yuan.

Liu Zhiren, Deputy Party Secretary and Mayor, Tao Weiliang, Secretary and President of the Hunan Branch of the Agricultural Bank of China, and Yang Jinming, Secretary and General Manager of the Hunan Branch of Great Wall Assets of China witnessed the signing of the contract.

China Great Wall Asset Management Co., Ltd. (hereinafter referred to as "China Great Wall Assets") was established on December 11, 2016, jointly sponsored by the Ministry of Finance, the National Council of Social Security Funds and China Life Insurance (Group) Company. As one of the four state-owned financial asset management companies, the company has rich experience in asset management and disposal, professional asset management team and operation technology.

Hunan Jinhegui Mining Co., Ltd. is the controlling shareholder of Chenzhou Jingui Silver Co., Ltd. Three cooperation agreements have been signed. According to the financial advisory agreement signed, Hunan Branch of Great Wall Assets of China will provide debt restructuring, asset restructuring, management restructuring and perennial comprehensive financial advisory services to Jinhegui Mining Industry, including an initial investment of 1.17 billion yuan to help Jinhegui Mining Industry complete the debt restructuring of mining acquisition. All cooperation projects will be fully implemented to solve the liquidity capital dilemma of the major shareholders of Jingui Silver Industry and help them restore their financing guarantee ability to Jingui Silver Industry. China Great Wall Assets Hunan Branch will further invest in resolving the liquidity difficulties of large shareholders in Jingui Silver Industry.

The Chenzhou Branch of the Agricultural Bank of China will provide comprehensive financial services and support with high quality and preferential treatment for Jingui Silver and Jinhegui Mining, with the intentional credit of 3 billion yuan, including 1.5 billion yuan for Jingui Silver and Jinhegui Mining.