黄金集团、公司、财务公司拟签订《中国黄金集团财务有限公司增资扩股协议》。协议各方约定，黄金集团、公司以人民币1,000,000,000.00元认购财务公司1,000,000,000.00元的新增注册资本金。On December 20, Gelonghui reported that Zhongjin Gold Corp.,Ltd (600489.SH) announced that the company plans to jointly increase the registered capital of China Gold Group Finance Co., Ltd (hereinafter referred to as the Financial Company) by 1 billion yuan with its controlling shareholder, China National Gold Group Co., Ltd (hereinafter referred to as Gold Group), with the company's contribution being 289,198,214.17 yuan.
The registered capital of the Financial Company is 1 billion yuan, with the shareholders being: Gold Group holding 51% and the company holding 49%. Gold Group and the company plan to increase the registered capital of the Financial Company by 1 billion yuan. According to the "Asset Valuation Report on the Value of All Shareholder Equity of China Gold Group Finance Co., Ltd" (Ren Da Ping Bao Zi [2024] No. 010188) issued by Peking Renda Real Estate Land Assets Appraisal Co., Ltd, and considering the equity structure of the Financial Company before and after the capital increase, the company's contribution was determined to be 289,198,214.17 yuan, sourced from its own funds.
This capital increase aims to address the issue of the Financial Company's registered capital not meeting regulatory requirements and insufficient capital adequacy ratios. Specifically, in 2023, the National Financial Supervision and Administration Commission issued the "Administrative Measures for the Implementation of Administrative Licensing Matters of Non-Bank Financial Institutions". The measures stipulate that the registered capital for Financial Companies intending to apply for the acceptance of member units' bill transactions and fixed-income securities investment businesses should not be less than 2 billion yuan or equivalent freely convertible currency. Currently, the Financial Company has a registered capital of 1 billion yuan, which does not meet this requirement. As of the end of 2023, the capital adequacy ratio of the Financial Company was 13.01%, lower than the industry average (20.62%) and the average for central enterprise financial companies (18.32%), which is already in a warning state, restricting business development and impacting the robustness of risk compliance indicators.
Gold Group, the company, and the Financial Company plan to sign the "Capital Increase Agreement of China Gold Group Finance Co., Ltd". The parties to the agreement stipulate that Gold Group and the company will subscribe for 1,000,000,000.00 yuan of the Financial Company's newly increased registered capital of 1,000,000,000.00 yuan.
