Core Viewpoint - Huabei Green Gold Co., Ltd. (02450) announced a restructuring plan involving the transfer and establishment of several companies under the supervision of the Huabei Municipal Government and its State-owned Assets Supervision and Administration Commission [1] Group 1: Company Restructuring - Huabei Hongjian Construction Engineering Co., Ltd. will be renamed Huabei Xinghuai Capital Holdings Co., Ltd. and transferred to the Huabei Municipal State-owned Assets Supervision and Administration Commission, which will own it entirely [1] - A new company, Huabei Xinghuai Mining Co., Ltd., will be established and wholly owned by Huabei Xinghuai Capital, which in turn will be fully owned by the Huabei Municipal State-owned Assets Supervision and Administration Commission [1] - Huabei Jiantou Holding Group Co., Ltd. will transfer 74.25% of its shares and an additional 0.75% indirectly held through Huabei Cultural Tourism Investment Development Group Co., Ltd. to Huabei Xinghuai Mining without compensation as part of the proposed internal restructuring [1] Group 2: Shareholding Structure - As of the announcement date, Huabei Jiantou Group directly holds 196 million shares, accounting for 74.25% of the total issued share capital, and indirectly holds 1.98 million shares, accounting for 0.75% [1] - After the proposed internal restructuring is completed, Huabei Xinghuai Capital will hold 198 million shares, representing 75% of the total issued share capital [1]

Core Viewpoint - Huabei Green Gold Co., Ltd. (02450.HK) announced a restructuring plan involving the transfer and establishment of companies under the supervision of the Huabei Municipal Government [1] Group 1: Company Restructuring - The Huabei Municipal Government proposed to rename Huabei Hongjian Construction Engineering Co., Ltd. to Huabei Xinghuai Capital Holdings Co., Ltd. (Xinghuai Capital) and transfer it to the Huabei State-owned Assets Supervision and Administration Commission (Huabei State-owned Assets Commission), which will fully own the company [1] - A new company, Huabei Xinghuai Mining Co., Ltd. (Xinghuai Mining), will be established and fully owned by Xinghuai Capital, which in turn will be fully owned by the Huabei State-owned Assets Commission [1] - Huabei Construction Investment Holding Group Co., Ltd. (Huabei Construction Investment Group) will transfer 74.25% of its shares directly and an additional 0.75% indirectly to Xinghuai Mining without compensation [1] Group 2: Shareholding Structure - After the proposed restructuring, the ultimate beneficial owner of the company, the Huabei State-owned Assets Commission, will remain unchanged [1] - As of the announcement date, Huabei Construction Investment Group directly holds 196,020,000 shares, accounting for 74.25% of the total issued share capital, and indirectly holds 1,980,000 shares through Huabei Cultural Tourism Investment Development Group Co., Ltd., accounting for 0.75% [1] - Following the restructuring, Xinghuai Capital will hold 198,000,000 shares, representing 75% of the total issued share capital [1]