Shandong Gold announced that Shanjin International plans to increase the capital of its wholly-owned subsidiary Hainan Shengwei by 1.4 billion yuan using its own capital, all of which will be included in the capital reserve without increasing its registered capital. After this capital increase, Shanjin International still directly holds 100% of Hainan Shengwei's shares. The purpose of the capital increase is to enhance Hainan Shengwei's operating strength and promote the construction of its overseas subsidiary projects. The capital increase has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting This capital increase does not constitute a major asset restructuring, nor does it constitute a related transaction.

Shandong Gold announced that Shanjin International plans to increase the capital of its wholly-owned subsidiary Hainan Shengwei by 1.4 billion yuan using its own capital, all of which will be included in the capital reserve without increasing its registered capital. After this capital increase, Shanjin International still directly holds 100% of Hainan Shengwei's shares. The purpose of the capital increase is to enhance Hainan Shengwei's operating strength and promote the construction of its overseas subsidiary projects. The capital increase has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting This capital increase does not constitute a major asset restructuring, nor does it constitute a related transaction.