Jinhua Capital Corporation announce a non-brokered private placement of 5,033,000 units at an issue price of CAD 0.10 for the gross proceeds of CAD 503,300 on August 1, 2023. Each unit consisting of one share and one transferable common share purchase warrant. Each warrant exercisable into one additional share at a price of CAD 0.25 per warrant share for a period of two years from the closing of the transaction.