According to the Hunan Gold announcement, Gansu Chenzhou Mineral Development Co., Ltd., a third-level holding subsidiary of the company, has recently completed the absorption and merger of Gansu Jiaxin Mining Co., Ltd., and Chenzhou, Gansu has obtained a renewed “business license”. After completion, the registered capital of Chenzhou, Gansu was changed to 18,38547.5 million yuan. The company held 80% of its shares and is still a holding subsidiary. This absorption and merger will not change the scope of the company's consolidated statements, nor will it adversely affect finance, operations, and overall business and profit levels.

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