Xingye Silver&Tin Mining (000426.SZ) announced that its wholly-owned subsidiary Inner Mongolia Xingye Group Xinlin Mining Co., Ltd. (hereinafter referred to as "Xinlin Mining") intends to sign a Mining Rights Transfer Agreement with the company's controlling shareholder Inner Mongolia Xingye Gold Smelting Group Co., Ltd. (formerly known as "Inner Mongolia Xingye Group Co., Ltd.", hereinafter referred to as "Xingye Group", "Transferor" or "Party B"). Xinlin Mining intends to acquire the exploration mining rights for polymetallic minerals in the Chaobuleng Mining Area of East Ujimqin Banner, Inner Mongolia Autonomous Region, held by Xingye Group (Certificate No.: T1500002009113010036728), with a valuation based on the "Evaluation Report of Exploration and Mining Rights for Polymetallic Minerals in the Chaobuleng Mining Area of East Ujimqin Banner, Inner Mongolia Autonomous Region" issued by Shaanxi Deheng Mining Rights Assets Appraisal Co., Ltd. (referred to as "Shaanxi Deheng") (Shaan Deheng Mining Appraisal [2024] No. 025). The transaction price for the target mining rights is determined through negotiations between the two parties, with a valuation of 53.5 million yuan RMB based on the assessed value of the mining rights.
Inner Mongolia Xingye Group Rongguan Mining Co., Ltd. (hereinafter referred to as "Rongguan Mining"), a wholly-owned subsidiary of the Company, intends to sign a Mining Rights Transfer Agreement with Xingye Group. Rongguan Mining intends to acquire the exploration mining rights for polymetallic minerals in the Chagan-Aobao Mining Area of East Ujimqin Banner, Inner Mongolia Autonomous Region, held by Xingye Group (Certificate No.: T1525002008073010012040), with a valuation based on the "Evaluation Report of Exploration and Mining Rights for Polymetallic Minerals in the Chagan-Aobao Mining Area of East Ujimqin Banner, Inner Mongolia Autonomous Region" issued by Shaanxi Deheng (Shaan Deheng Mining Appraisal [2024] No. 033). The transaction price for the target mining rights is determined through negotiations between the two parties, with a valuation of 66.5 million yuan RMB based on the assessed value of the mining rights.