Resignation Of Joint Venture Director
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Griffin Mining Ltd ("Griffin" or the "Company") has formally received the resignation of Mr Shengchang Jin ("Mr Jin"), as a director of Hebei Hua Ao Mining Industry Company Limited ("HHA"), the 88.8% owned operating subsidiary of the Company. Furthermore, a Termination Agreement has been executed by all relevant parties ending any involvement by Mr Jin in any manner or form with HHA, effective the 7th January 2023.
The Company has no further knowledge from its announcement of the 15th December 2023 as to whether formal action will be undertaken by the People's Republic of China against Mr Jin in relation to his employment as the Chief Executive Officer of Zhangjiakou Yuanrun Enterprise Management Consulting Service Co. Ltd, the minority 11.2% shareholder in HHA. As previously stated, the ongoing investigations only relate to Mr Jin and do not concern HHA's operations or any relevant statutory licenses issued by the government to HHA.
The investigative team continues to acknowledge and thanked HHA for its full cooperation in this matter.
596/2014
The Company's news releases are available on the Company's web site: www.griffinmining.com
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