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Jinhua Capital Corporation Announces Proposed Qualifying Transaction

Jinhua Capital Corporation (JHC-H.V), a capital pool company trading on the NEX board of the TSX Venture Exchange, has entered into a sale and purchase agreement with Alan Brent Hemingway of Surrey, British Columbia with respect to the proposed purchase by the corporation of certain mining claims in British Columbia.

The property consists of four mineral claims located in the Nanaimo Mining Division, including the Steele Creek claim, the Bonanzabob claim, the Bonanza claim and the Bob claim.

Jinhua has agreed to issue to the vendor a total of 850,000 common shares of the corporation and pay a total of $890,000.

The purchase of the property will constitute a qualifying transaction in accordance with TSXV policies. Trading of the company's shares will be halted until the transaction is completed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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