Company Introduction

Shandong Zhaojin Group Co., Ltd. (hereinafter referred to as "Zhaojin Group") is a large integrated group of companies with developed financial, scientific and educational activities, as well as environmental protection in the development of deposits, which has formed a complete production chain of production from exploration, production, enrichment and ending with implementation the final product from gold and silver products. With total assets of more than 60 billion yuan, Zhaojin Group has been selected as one of the "Top 500 Chinese Enterprises" for 17 consecutive years and "Top 500 Most Valuable Brands in China" for 17 consecutive years. Its brand value has achieved 57.516 billion yuan.

Zhaojin Group was founded in 1974 in Zhaoyuan City, Shandong Province, which is named “the gold mining capital of China”. The company has 6 subsidiaries, 10 holding companies, is a shareholder in 12 companies, and also owns two listed companies: "Zhaojin Mining Industry Co., Ltd." (HK 1818) and "Baoding Technology Co., Ltd." (SZ 002552). The total assets are over 60 billion RMB. In addition, the company makes international investments in the development of the mining industry in the following countries like Australia, Russia and Ecuador.

The main activity of the Zhaojin Group is geological exploration, gold mining and processing, enrichment, cyanidation, smelting, processing, production of gold and silver items. During the period of its existence, the company has formed a complete production chain, from geological exploration to the sale of the final product. The company also achieved the lowest cost price for underground gold mining in China and owns the largest metallurgical plant in the country. The company's reserves are estimated at more than 1,300 tons of gold. The production capacity in terms of ore extraction is 23,000 tons per day, the capacity of the smelter is 3,000 tons per day, and the total ore processing capacity (Concentrators) is more than 100 tons per year. The main assets of the company are located in Shandong province, Xinjiang (Xinjiang - Uygur Autonomous Region), Gansu, Inner Mongolia, Hebei, Liaoning and other large gold mining regions of the country.

Zhaojin Group has implemented a technology-driven strategy, built an enterprise technology center and a national laboratory with the highest standards in the industry, established 11 scientific and technological innovation platforms such as postdoctoral workstations and academician workstations, owned 11 high-tech enterprises. There are 172 scientific and technological achievements above the provincial level, 412 patented technologies, and 76 invention patents. Relying on core technologies such as prospecting, cyanidation, hydrometallurgy, and comprehensive utilization of resources, the company has built the country's first national-level demonstration base for comprehensive utilization of gold resources, revitalizing 276 tons of low-grade gold metal. The contribution rate of science and technology to the development of the enterprise has reached more than 56%, and the overall technical capability has reached the international leading level.

Zhaojin Group is committed to the construction of a modern green, ecological and environmentally friendly mining enterprise, Its 14 mines have been awarded “National Green Mines” by the Ministry of Natural Resources, and its 29 mines have been rated as safe and standard mines, and have been widely recognized by the government, shareholders, society and employees. In addition, the company has successively won the "National May 1st Labor Certificate", "Top Ten Mining and Gold Enterprises in China","Nomination Award of China Industry Awards", "The First Batch of Demonstration Enterprises for Fulfilling Social Responsibility in Shandong Province" and other honorary titles, etc.

Zhaojin Group’s business cover the field of gold and silver refining, jewelry processing, terminal sales, industrial gold and silver, and other fields. The company is also licensed by the London Bullion Market Association, the Shanghai Gold Exchange and the Shanghai Futures Exchange, which can provide standard gold bullion and silver bullion to the qualified refining enterprises, and also it is one of the largest gold dealers on the Shanghai Gold Exchange. Zhaojin Group has built an industrial park for deep processing of precious metals, has the most influential century-old jewelry brand in China’s jewelry industry,and has the largest production base of potassium dicyanoaurate, silver potassium cyanide, and bonding targets.

Zhaojin Nonferrous Metal Mining Co., Ltd was established in 2010 and is a wholly-owned subsidiary of Zhaojin Group with a registered capital of RMB 120 million.Its main business is the exploration, mining and smelting of precious metals and non-ferrous metal mineral resources. Currently,the company owns 4 wholly-owned subsidiaries,2 holding companies,and 6 shareholding companies.

Today, we are actively looking for international partners, actively participating in the mining investment and development projects in the Far Eastern Federal District of the Russian Federation,and carrying out international precious metal and non-ferrous metal mining cooperation on mutually beneficial terms (joint venture, equity, purchase and sale, etc.)

In 2021, Dalnevostochnaya Gornorudnaya Kompaniya LLC was registered in Chita City, Trans-Baikal Territory of the Russian Federation, which is the second-level investment platform of Zhaojin Nonferrous Mining Co., Ltd. It was established with the approval of the commercial department of the Chinese government, and will specialize in the mining investment and development of of Zhaojin in the Russian Federation.

For more detailed information about the companies, you can use the official websites: www.zjysky.com and www.en.gold-zhaoyuan.cn.

We confirm that LLC Dalnevostochnaya Gornorudnaya Kompaniya, acting as an officially registered representative company of Zhaojin in the Russian Federation, has all the necessary management, technical resources and the necessary financial resources for the implementation and development of investment projects in the mining industry.

"Gold vein has passed down a thousand years and benevolence and righteousness befriend the world"

Zhaojin's corporate culture adheres to the words, " Gold vein has passed down a thousand years and benevolence and righteousness befriend the world." " Compliance for efficiency, wisdom for innovation, unity for win-win and synergy for advance together." Zhaojin always puts green development in the first place, and plans to build LLC Dalnevostochnaya Gornorudnaya Kompaniya into an influential mining company in Russia through three to five years of investment, and making it a model of China-Russia cooperation in the field of mining development.