Tongguan Gold Group Limited (a company listed on the Hong Kong Main Board, stock code: 340) is mainly engaged in gold exploration and mining. After the Company completed the acquisition of Tongguan County Xiangshun Mining Development Co., Ltd. in January 2017, it completed the acquisition of three gold mining companies in Tongguan area during the period from April 2017 to December 2018, the completion of the acquisition of Subei County Holezadegai Northeast Mining Co., Ltd. in Jiuquan City, Gansu Province in July 2023 further expanded the Group companies’ assets and gold resources. The production capacity and profitability level of the Group companies have been greatly improved and the Company has entered into a new stage of development.

As market demand continues to grow and industry competition becomes increasingly fierce, the Company realizes that only through technological innovation and economies of scale can it gain a foothold in the fierce market competition. Therefore, the Group companies continue to increase investment in technology research and development and mining rights auctions in Jiuquan City, Dunhuang City, Subei County and other regions in Gansu Province, and actively introduces advanced domestic and foreign technologies to expand production scale and increase production capacity.

The Group are principally engaged in gold mining operation, which is sale of mine-produced gold, including gold concentrate, gold bullion and related products, that contains of gold exploration, mining, processing and/or smelting operations.