Mr. Chris Thomas reports
JINHUA ANNOUNCES DELAY IN FILING 2024 ANNUAL FINANCIAL STATEMENTS
Further to its news release dated May 1, 2025,
Jinhua Capital Corp.'s principal regulator, the British Columbia Securities Commission (BCSC),
granted a management cease trade order (MCTO) on May 1, 2025, under National Policy
12-203 -- Management Cease Trade Orders.
Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade
in securities of the company until such time as the company files its annual audited financial
statements for the year ended Dec. 31, 2024, including the related management's
discussion and analysis, and CEO and CFO certifications on or before June 30, 2025, and the executive director of the BCSC revokes the MCTO. The
MCTO does not affect the ability of shareholders to trade their securities.
The company's staff are working diligently with its auditor, and the company anticipates that it
will be in a position to file the required documents by June 30, 2025.
The company's board of directors and management confirm that they are working
expeditiously to file the required documents and confirm that since the company's default
announcement:
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There have been no material changes to the information contained in the default
announcement that would reasonably be expected to be material to an investor.
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There have been no failures by the company to fulfill its stated intentions with respect to
satisfying the provisions of the alternative information reporting guidelines under NP 12-203.
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There has not been, nor is there anticipated to be, any specified default subsequent to the
default which is the subject of the default announcement.
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There have been no material changes in respect of the company's affairs that have not been
generally disclosed.
Until the required documents have been filed, the company intends to continue to satisfy the
provisions of the alternative information guidelines specified in NP 12-203 by issuing these biweekly default status reports in the form of further press releases for so long as the company
remains in default of the required documents filing requirement.
About Jinhua Capital Corp.
Jinhua is a mineral exploration company focused on exploring gold and critical-mineral properties
located primarily in Canada. From time to time, the company may also evaluate the acquisition
of other mineral exploration assets and opportunities.
We seek Safe Harbor.
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