Tongguan Gold Group Co., Ltd. (a company listed on the Hong Kong Main Board, stock code: 340) is mainly engaged in gold exploration and mining business. Since completing the acquisition of Tongguan County Xiangshun Mining Development Co., Ltd. in January 2017, the company completed the acquisition of three gold mining enterprises in Tongguan from April 2017 to December 2018, and completed the acquisition of Holzadegai Beidong Mining Co., Ltd. in Subei County, Jiuquan City, Gansu Province in July 2023, further expanding the assets and gold resources of the Group Company. It has greatly increased the production capacity and profit level of the Group companies, and has also brought the company into a new stage of development. As market demand continues to grow and industry competition becomes more intense, the company realizes that only through technological innovation and scale expansion can it gain a foothold in the fierce market competition. Therefore, our group company has continuously increased investment in technology research and mineral rights auctions in Jiuquan City, Dunhuang City, Subei County and other regions in Gansu Province, actively introduced advanced technology at home and abroad, expanded the scale of production, and increased production capacity. The Group is mainly engaged in (i) gold mining business, that is, the sale of mineral gold, including gold concentrates, gold ingots and related products containing gold exploration, mining, processing and/or smelting operations; and (ii) gold recycling, including the purchase of used gold, refining and sale of gold ingots. The Group is mainly engaged in gold mining business and gold recovery in the People's Republic of China (“China”). Enterprise vision “Leading with excellence, creating brilliance” Our group company strives to become the vanguard in the domestic gold industry, achieve high quality and sustainable development through continuous technological innovation and smart mine construction, and achieve common prosperity for enterprises and society. Enterprise mission Through efficient, safe and environmentally friendly gold mining and production, Tongguan Gold Group is committed to creating lasting value for society and stakeholders. We adhere to the principle of excellent operation, promote employee growth, promote community prosperity, enhance shareholder returns, and achieve harmony and win-win situation between enterprise and society. Adhere to the concept of responsibility and innovation, promote high-quality enterprise development, and strive to become a benchmark enterprise in the industry.