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Shandong Gold Group to Won the Title of “Top 10 Gold Miner in China 2017”

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At the China Gold Congress held at the China National Convention Center, Shandong Gold Group was awarded the “Top 10 Gold Mining Enterprises in China2017”, and Shandong Gold Smelting Company was awarded the “Top 10 Gold Smelting Enterprises in China2017”. In addition, Shandong Province was awarded the “Top 10 Provinces (Districts) with the Strongest Gold Production Capacity in China 2017”.

Since the implementation of the "13th Five-Year Plan", Shandong Gold Group has upheld the great banner of socialism with Chinese characteristics in the new era, and comprehensively implemented major strategic projects for replacing old growth drivers with new ones, so as to promote the realization of the strategic plan of "Strive to Be a World-leading Gold Enterprise and Rank into the Top 10 Gold Miner Worldwide". As a result,its economic indicators have risen sharply, and the brand influence and core competitiveness have been continuously improved. In 2017, the Group produced nearly 44 tons of gold and successfully jumped into China's top enterprise with the strongest gold production capacity. The Jiaojia Gold Mine and Linglong Gold Mine were the first to become the “Twin Star” with the production capacity of over 100 tons of gold in China. The Group's efficiency increased by over 66%, with total amount of assets exceedingRMB 100 billion yuanfor the first time. In the first half of 2018, the total output of gold was 23.24 tons, an increase of 3.5 tons over the previous year, with the growth rate reaching 17.47%, which accounts for 60% of the province's total output and 15% of the country's total output; the total profit was RMB 1.175 billion yuan, an increase of RMB 422 million yuanyearonyear, with the growth rate reaching 55.94%; the total assets reached RMB 107.199 billion yuan, an increase of 6% over the previous year.

Looking forward, we will further renew our ideas, be self-motivated to perfect measures and put them in place, and lead all employees to work together with one heart and mind. We will seize opportunities and forge ahead tomake the Group a world-leading gold company with strong global competitiveness.

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