Guiyan Platinum Industry: Yunnan Tin Group plans to transfer 100% stake in Precious Metals Group to Yunnan Investment holding Group

Published: May 06, 2020 17:14 (GMT+8)

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Guiyan Platinum issued an announcement on abnormal fluctuations in stock trading, saying that after self-examination and issuing a letter card to the controlling shareholder Precious Metals Group, Yunnan Tin Group (holding) Co., Ltd., the controlling shareholder of the Precious Metals Group, intends to transfer 100% of its shares in the Precious Metals Group to Yunnan Investment holding Group Co., Ltd. This matter will not lead to changes in the controlling shareholder and the actual controller of the company.

SMM5, April 6, 2020: on April 29, April 30 and May 6, 2020, the closing price deviation of Guiyan Platinum Industry in three consecutive trading days was more than 20%. According to the relevant provisions of the trading rules of the Shanghai Stock Exchange, it belongs to the situation of abnormal fluctuations in stock trading prices.

In view of the abnormal fluctuations in the stock trading of Guiyan Platinum Industry, the company checked the relevant matters.

After the verification of the platinum industry, Guiyan issued a notice saying that after the company's self-examination, the company's current production and business activities are normal, and the market environment and industry policies have not been significantly adjusted. There is no material information that should be disclosed but not disclosed. The company disclosed its first quarter 2019 report on April 29, 2020. The company's operating income for the first quarter of 2020 was 5.066 billion yuan, an increase of 2.34% over the previous year, and the net profit attributable to shareholders of listed companies was 135 million, up 318.37% over the previous year. The net profit attributable to shareholders of listed companies after deducting non-recurrent profit and loss was 131 million yuan, an increase of 328.29% over the same period last year.

In addition, after self-examination and issuing a letter inquiry card to the controlling shareholder Precious Metals Group, Yunnan Tin Group (holding) Co., Ltd., the controlling shareholder of the Precious Metals Group, intends to transfer 100% of its shares in the Precious Metals Group to Yunnan Investment holding Group Co., Ltd by non-public agreement. This matter will not lead to changes in the controlling shareholder and the actual controller of the company.

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