Jinhua Capital Corporation announced a non-brokered private placement of up to 8,840,818 common shares at a price of CAD 0.05 per share for the aggregate gross proceeds of up to CAD 442,041 on December 14, 2023. In connection with the offering, the company may pay certain finders a cash commission equal to 8% of the aggregate gross proceeds raised from those purchasers introduced by such finders and issue to such finders such number of non-transferable share purchase warrants equal to 8% of the total number of shares sold to purchasers introduced by such finders, which provide that such finders may acquire common shares of the company, at an exercise of CAD 0.10 per finder's warrant share, for a period of 12 months from the date of issuance. The offering may close in tranches.

The offering is expected to close on or before December 22, 2023. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued in the offering will not be subject to a hold period in accordance with applicable Canadian securities laws.