Zhaojin Mining Co., Ltd. (“Zhaojin Mining” or the “Company”) (stock code: 1818) and its subsidiaries (collectively, the “Group”) were approved by the Shandong Provincial People's Government and were jointly established by Shandong Zhaojin Group Co., Ltd. (“Zhaojin Group”), Shanghai Fosun Industrial Investment Co., Ltd. (“Yuyuan Co., Ltd.”), Shenzhen Guangxin Investment Co., Ltd. (“Guangxin Investment”) and Shanghai Laomiao Gold Co., Ltd. (“Guangxin Investment”) and Shanghai Laomiao Gold Co., Ltd. were jointly established on April 16, 2004 in the People's Republic of China (“China”) A company limited by shares was successfully listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) on December 8, 2006. The company is a comprehensive gold producer and gold smelting enterprise integrating exploration, mining, mineral processing and smelting operations, focusing on developing the gold industry. The main products are “9999 gold” and “9995 gold” standard gold ingots; the main production process technology and equipment have reached leading domestic and international advanced standards; it is a national high-tech enterprise. Our company is located in Zhaoyuan City, Jiaodong Peninsula, Shandong Province, China. It is rich in resources, is blessed with a rich geographical location, and has a long history of gold mining. According to data provided by the China Gold Association, Zhaoyuan's gold resources account for about one-tenth of China's total remaining gold resources. It is the largest domestic gold production base and the number one gold producer in China, and was named “China's Golden Capital” by the China Gold Association. In recent years, the company has insisted on gold mining development as the lead, adhering to technological leadership and management innovation, continuously enhancing the company's technical and cost advantages in the field of gold production, and increasing gold reserves, gold production, and corporate benefits year by year. As of December 31, 2023, the company had a number of subsidiaries and shareholding companies nationwide, and its business covered major production regions across the country. On December 31, 2023, according to the standards set out in the Australasian exploration results, mineral resources and ore reserves reporting specifications (“JORC Specification”), the Company had a total of about 38.0986 million ounces of gold mineral resources and about 15.1806 million ounces of recoverable gold reserves. Facing the future, the company will adhere to the concept of “resources, capital, and capital”, improve the quality of development in strengthening the main business, adhere to the strategy of prioritizing resources and winning development on scale, and strive to create a new “double H” development situation of “half domestic and half foreign” on the basis of achieving “half domestic and half outside the province”, and build a world-class gold mining company with international competitiveness to return the company's share (“shares”) holders (“shareholders”) with excellent performance.
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