Jinchuan Int’l Resources Issues Supplemental Findings on Forensic Probe; Trading Remains Suspended

Bulletin Express
07/24

Jinchuan Group International Resources Co. Ltd (Jinchuan Int’l Resources) released a supplemental announcement detailing additional procedures completed by its independent forensic accountant and confirmed that share trading will stay halted on the Hong Kong Stock Exchange.

The forensic accountant carried out three further steps after the 20 May 2026 Forensic Report: (1) a comprehensive search of custodian data to map communication channels between Ruashi Mine management and the listed company, (2) follow-up interviews with current and former managers, and (3) additional analysis of payments to Third-Party Agent GFS. Although direct documentary proof of GFS’s services remains insufficient, the investigator noted a marked decline in government claims and penalties at Ruashi Mine after the payments, aligning with common industry practices in the Democratic Republic of Congo.

The Special Investigation Committee (SIC) reiterated that investigative avenues have been exhausted and considers the work adequate to reveal root causes—namely employee misconduct at Ruashi Mine and internal-control deficiencies. Management has implemented the remedial measures proposed by both the forensic accountant and an external control consultant.

Trading in Jinchuan Int’l Resources’ shares has been suspended since 28 March 2025 and will remain so until further notice. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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