Hunan Gold Group Co., Ltd.

Hunan Jinxin Gold Group Co., Ltd. is the first gold group company in Hunan approved by the Hunan Provincial People's Government and jointly funded by the Hunan Provincial State-owned Assets Supervision and Administration Commission and China National Gold Group Corporation. The company was established in Changsha on April 18, 2006. Xiao Jie, member of the Standing Committee of the CPC Hunan Provincial Committee and Executive Vice Governor, and Cheng Fumin, General Manager and Party Secretary of China National Gold Group Corporation and President of the China Gold Association, attended the establishment ceremony and plaque awarding ceremony and presented the plaque to the company. The group company is a large enterprise integrating gold and other metal mine engineering design, exploration, mining, ore dressing, smelting, refining, production, research and development, and sales. It is the leading gold enterprise in Hunan Province, with three controlled subsidiaries including Hunan Chenzhou Mining Co., Ltd., Hunan Huangjindong Mining Co., Ltd., and Hunan Xinlong Mining Co., Ltd. It has sixteen gold-antimony-tungsten resource bases, six production bases, and three sales centers in Changsha, Huaihua, Changde, Yiyang, Shaoyang, Yongzhou of Hunan Province and Gannan Tibetan Autonomous Prefecture of Gansu Province, etc. It is the largest gold producer in the province, the second largest antimony producer in China, and an important tungsten producer. The company adheres to the development strategy of focusing on gold and scale operation, based on making the Hunan gold industry bigger, better and stronger, highlighting the combination of capital operation and industrial operation, further increasing the intensity of resource base construction, and realizing optimal resource allocation; relying on the core technology of gold-antimony-tungsten separation, continuously promoting scientific research and technological transformation, effectively extending the product chain, and improving market competitiveness and the efficiency of state-owned asset operation; actively expanding the capital market and advancing the listing process; striving to build Hunan Gold into one of the six largest gold group companies in the country with over 10 tons of gold, sales revenue of 2.5 billion yuan, profit of 400 million yuan, taxes and fees of over 200 million yuan, strong market competitiveness and sufficient development potential, and striving to become a listed company, promoting the rapid development of Hunan's gold industry and the economic growth of Hunan.