Shandong Gold Mining Co., Ltd. (the “Company”) announced on 28 March 2024 that a comprehensive listing and depreciation assessment of various assets by the end of 2023 has been carried out in accordance with the Corporate Accounting Standards and the Company's related accounting policies. After evaluation, the Company and its subsidiaries decided to prepare for asset impairment amounting to RMB 69,590,165.16. This impairment primarily relates to fixed assets, inventories, receivables, other receivables and other current assets. The project adds the full figure to the 2023 loss, which is expected to reduce the company's total profit for the same year. The Board of Directors and the Board of Supervisors consider that this calculation meets the relevant accounting criteria and helps to more equitably reflect the financial condition and value of the Company's assets.

Shandong Gold Mining Co., Ltd. (the “Company”) announced on 28 March 2024 that a comprehensive listing and depreciation assessment of various assets by the end of 2023 has been carried out in accordance with the Corporate Accounting Standards and the Company's related accounting policies. After evaluation, the Company and its subsidiaries decided to prepare for asset impairment amounting to RMB 69,590,165.16. This impairment primarily relates to fixed assets, inventories, receivables, other receivables and other current assets. The project adds the full figure to the 2023 loss, which is expected to reduce the company's total profit for the same year. The Board of Directors and the Board of Supervisors consider that this calculation meets the relevant accounting criteria and helps to more equitably reflect the financial condition and value of the Company's assets.