On November 27, Gelonghui Co., Ltd. (603132.SH) announced that the original project “Jinhui Mining Co., Ltd. Huixian Guojiagou Lead-Zinc Mine Green Mine Upgrading Project” was proposed to change the amount of 23,000.00 million yuan, and the proposed change amount of “Guojiagou Pb and Zinc Mine Area Production and Exploration in Huixian County, Gansu Province” is 17,000.00 million yuan, accounting for 41.83% of the total funding amount. The new project “Jinhui Mining Co., Ltd. Jiangluo Mining Area Lead-Zinc Mine (3 million tons/year) beneficiation project” has a total investment of 232,20,034 million yuan, of which 40,000.00 million yuan is to be raised using this change, and the rest will be funded by the company itself.
The implementing entities of the new project are Xiejiagou Lead-Zinc Flotation Plant Co., Ltd., Jiangluo Town, Huixian County, and Huixian Minghao Mining Co., Ltd., a wholly-owned subsidiary of the company. According to the construction plan, the company plans to raise capital for the wholly-owned subsidiaries Xiejiagou Flotation Plant and Minghao Mining through changes.