Subsidiary of Hunan Gold Corporation(002155.SZ) plans to participate in the bidding for a 12% stake in Hunan Gold Corporation Jewelry Industry.

Hunan Gold Corporation (002155.SZ) announced that the Board of Directors has agreed for its wholly-owned subsidiary, Hunan Chenzhou Mining Co., Ltd. (referred to as Chenzhou Mining), to participate in the public auction of 12% of the shares of Hunan Gold Corporation Jewelry Industry Co., Ltd. (referred to as Gold Jewelry) held by Hunan Guoding Investment Co., Ltd. (referred to as Guoding Company) using its own funds. The transfer price is 24.180396 million yuan. After the transaction is completed, Gold Jewelry will remain a subsidiary of Chenzhou Mining, with Chenzhou Mining holding 90% of the shares in Gold Jewelry.