Mr. Chris Thomas reports

JINHUA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF COMMON SHARES

Jinhua Capital Corp. has arranged a non-brokered private placement of up to 8,840,818 common shares at a price of five cents per share for aggregate gross proceeds of up to $442,040.

In connection with the offering, the company may pay certain finders a cash commission equal to 8 per cent of the aggregate gross proceeds raised from those purchasers introduced by such finders and/or issue to such finders such number of non-transferable share purchase warrants equal to 8 per cent of the total number of shares sold to purchasers introduced by such finders, which provide that such finders may acquire common shares of the company, at an exercise of 10 cents per finder's warrant share, for a period of 12 months from the date of issuance.

The company intends to use the proceeds raised from the offering for general corporate purposes. The offering may close in tranches. The offering is expected to close on or before Dec. 22, 2023. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), and therefore, the securities issued in the offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There will be an offering document related to the offering that will be available under the company's profile at SEDAR+. Prospective investors should read this offering document before making an investment decision.

About Jinhua Capital Corp.

Jinhua is a mineral exploration company focused on exploring the Pluto gold and base metal property located in the Dolomieu and Daubree townships of Quebec and the Indigo graphite project in the Saint-Michel-des-Saints municipality of Quebec. From time to time, the company may also evaluate the acquisition of other mineral exploration assets and opportunities.

We seek Safe Harbor.