Gold Mining Operation

The Group operates in gold mining since the completion of the acquisition of the entire equity interest in One Champion in February 2017. One Champion Group, through its 90% interest in Tongguan County Xiangshun Mining Development Co., Ltd. (潼關縣祥順礦業發展有限公司), is principally engaged in exploration, mining, processing, and sale of gold and related products in China.

The Group completed the acquisition of the entire equity interest in Perfect Major Holdings Limited in April 2017. Perfect Major Group, through its interest in Luonan Jinhui Mining Co. Ltd. (洛南縣金輝礦業有限公司) and Shaanxi Tongxin Mining Co. Ltd. (陝西潼鑫礦業有限公司), is principally engaged in exploration of gold and related minerals in China.

The Group completed the acquisition of the entire equity interest in Pride Success Investment Limited in November 2017. Pride Success Group, through its interest in Tongguan County De Xing Mining LLC (潼關縣德興礦業有限責任公司), is principally engaged in exploration and mining of gold and related minerals in China.

The Group completed the acquisition of the entire equity interest in Max Paramount Holdings Limited and Best Income Limited in December 2018. Max Paramount Group and Best Income Group, through their interests in Tongguan Tongjin Mining Company Limited (潼關縣潼金礦業有限責任公司), is principally engaged in exploration and mining of gold and related minerals in China.