According to the Hunan Gold announcement, Gansu Chenzhou Mineral Development Co., Ltd., a third-level holding subsidiary of the company, has recently completed the absorption and merger of Gansu Jiaxin Mining Co., Ltd., and Chenzhou, Gansu has obtained a renewed “business license”. After completion, the registered capital of Chenzhou, Gansu was changed to 18,38547.5 million yuan. The company held 80% of its shares and is still a holding subsidiary. This absorption and merger will not change the scope of the company's consolidated statements, nor will it adversely affect finance, operations, and overall business and profit levels.

According to the Hunan Gold announcement, Gansu Chenzhou Mineral Development Co., Ltd., a third-level holding subsidiary of the company, has recently completed the absorption and merger of Gansu Jiaxin Mining Co., Ltd., and Chenzhou, Gansu has obtained a renewed “business license”. After completion, the registered capital of Chenzhou, Gansu was changed to 18,38547.5 million yuan. The company held 80% of its shares and is still a holding subsidiary. This absorption and merger will not change the scope of the company's consolidated statements, nor will it adversely affect finance, operations, and overall business and profit levels.