Hunan Gold issued a change announcement. The “predicted long-term gold reserves of more than 1,000 tons above 3,000 meters underground” in the report is the amount of long-term resources estimated by combining the deep hole mining situation in previous years with the proven resource distribution situation; the “resource value calculated at current gold prices” in the report is the overall potential resource value of the deposit measured by recent gold prices and long-term gold resources. The actual economic benefits that can be obtained from the subsequent resource development of this deposit still need to be further evaluated: First, most of the “long-term gold reserves above 1,000 tons” in the report are estimated long-term resources There is great uncertainty about whether it can be discovered in the future. Second, the Pingjiang County Gold and Mineral Resources Cooperative Development Project is currently being nurtured by Hunan Gold Group Co., Ltd., the controlling shareholder of the company, and the company enjoys priority purchasing rights under the same conditions. Even if the company chose to acquire the project, considering factors such as acquisition costs, construction costs, and mining costs, the increase in the company's earnings per share was limited. Third, due to the company's current mining process, it is very difficult to develop gold resources at a depth of 1,500 meters. Fourth, it is estimated that as the amount of resources located deep in the mine increases, the difficulty and cost of mining will increase accordingly. There may be differences between the actual amount of resources available and the registered mineral resource reserves, and the economic benefits of mining may fall short of expectations.

Hunan Gold issued a change announcement. The “predicted long-term gold reserves of more than 1,000 tons above 3,000 meters underground” in the report is the amount of long-term resources estimated by combining the deep hole mining situation in previous years with the proven resource distribution situation; the “resource value calculated at current gold prices” in the report is the overall potential resource value of the deposit measured by recent gold prices and long-term gold resources. The actual economic benefits that can be obtained from the subsequent resource development of this deposit still need to be further evaluated: First, most of the “long-term gold reserves above 1,000 tons” in the report are estimated long-term resources There is great uncertainty about whether it can be discovered in the future. Second, the Pingjiang County Gold and Mineral Resources Cooperative Development Project is currently being nurtured by Hunan Gold Group Co., Ltd., the controlling shareholder of the company, and the company enjoys priority purchasing rights under the same conditions. Even if the company chose to acquire the project, considering factors such as acquisition costs, construction costs, and mining costs, the increase in the company's earnings per share was limited. Third, due to the company's current mining process, it is very difficult to develop gold resources at a depth of 1,500 meters. Fourth, it is estimated that as the amount of resources located deep in the mine increases, the difficulty and cost of mining will increase accordingly. There may be differences between the actual amount of resources available and the registered mineral resource reserves, and the economic benefits of mining may fall short of expectations.