Mr. Chris Thomas reports

JINHUA CAPITAL ANNOUNCES ADOPTION OF NEW OMNIBUS INCENTIVE PLAN

Jinhua Capital Corp. has adopted a new 10-per-cent omnibus incentive plan. The new plan received conditional TSX Venture Exchange approval and shareholders approved the new plan at the company's annual general meeting held on Dec. 15, 2023. All other proposed resolutions matters addressed at the meeting were approved unanimously.

The new plan, which replaced the company's stock option plan approved by shareholders on Dec. 12, 2022, and which came into effect on Aug. 11, 2023, was adopted in order to reflect amendments to the TSX-V's Policy 4.4 Security Based Compensation and current best practices. The new plan provides that the number of common shares of the company issuable under the new plan, together with all share-based compensation arrangements of the company, may not exceed 10 per cent of the total number of the company's issued and outstanding common shares. The new plan allows the company to grant stock options to directors, officers, employees and consultants of the company, as additional compensation, and creates an opportunity for them to participate in the success of the company.

TSX-V Policy 4.4 require that shareholders of the company ratify and approve the new plan annually to allow for continuation of the new plan.

Additional details regarding the new plan are contained in the company's information circular dated Nov. 10, 2023, which has been filed on SEDAR+ under the company's profile.

About Jinhua Capital Corp.

Jinhua is a mineral exploration company focused on exploring the Pluto gold and base metals 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.