Hunan Jinguo Industrial Co., Ltd. announced that it plans to issue 263.93 million shares with par value of RMB 1 per share and issuance price of RMB 3.25 per share to Li Gang, Li Baoyu and Li Kai through private placement, in order to acquire a 100% stake in a mining development company, which is priced of RMB 857,772,500.