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Due to personal reasons, Lu Jin, Chairman of China National Gold Group, resigned from his positions as Chairman and Director. After his resignation, Lu Jin no longer holds any position in China National Gold Group.

China Gold International said that according to the company's articles of association, the company's vice chairman He Xiaoqing will perform the duties of the company's chairman until the board of directors elects a new chairman.

Chairman resigns for personal reasons

China National Gold Group announced on the evening of August 23 that the board of directors recently received a written resignation report from the company's chairman, Lu Jin. Lu Jin resigned from the positions of chairman, director, chairman and member of the board's strategic committee of the company's seventh board of directors for personal reasons. After his resignation, Lu Jin no longer holds any position in the company. Lu Jin has no disagreements with the company's board of directors, and there are no other matters that need to be brought to the attention of the company's shareholders.

China National Gold Group said that according to the relevant provisions of the Company Law and the Articles of Association, Lu Jin's resignation did not cause the number of board members of the company to fall below the statutory minimum number, and would not affect the normal operation of the board of directors and the normal operation of the company. His resignation report will take effect from the date of delivery to the company's board of directors. As of the date of the announcement, Lu Jin did not directly or indirectly hold shares in the company.

According to the Articles of Association, He Xiaoqing, Vice Chairman of China Gold Mining, will perform the duties of the Chairman of the Company until the Board of Directors elects a new Chairman. The Company will promptly elect directors and a new Chairman in accordance with legal procedures.

The highest increase in stock price this year is 119%

According to information, Lu Jin was once the Party Secretary and Director of the China Metallurgical Geology Bureau.

According to the official website of China Gold Group, the company was established in 2003. Its predecessor was the State Gold Administration and China Gold Corporation. It is the only central enterprise in China's gold industry and the chairman unit of the China Gold Association.

Currently, China Gold Group has four listed companies, namely CICC Gold, the first A-share listed company in the gold industry, China Gold International, which is listed in Toronto, Canada and Hong Kong, China Gold and CICC Irradiation.

China National Gold Group has planned 25 gold and nonferrous metal production bases in important mineralization zones in my country and along the Belt and Road. Its gold and copper reserves and mineral product output are at the forefront of China's mining industry. It owns 48 mines and 6 smelters, which are mainly distributed in 26 provinces (autonomous regions) in China and overseas regions such as the Republic of Congo.

According to Lu Jin in June 2024, China Gold Group has always adhered to the incubation and capital injection model.

Since the listing of CICC Gold, China National Gold Group has injected 28 enterprises into CICC Gold, injecting about 700 tons of gold metal, about 2.6 million tons of copper metal, as well as molybdenum, iron and other metals. Among them, the Inner Mongolia Mining injected in 2020 has greatly improved CICC Gold's performance, and the Laizhou CICC injected in 2023 has increased the amount of gold metal in CICC Gold by more than 70%.

At present, China Gold Group has about 600 tons of domestic resource reserves that have not yet been injected into the listed company, including gold, molybdenum, tungsten and other non-ferrous metals. At the same time, China Gold Group is tracking and negotiating some gold resource projects in Jiangxi, Hubei, Liaoning and other provinces, among which the Liaoning project is expected to reach 1,000 tons.

Lu Jin said that according to the public commitment made to the securities market before, the company will continue to adopt the incubation injection model in the future. After the incubation meets the injection conditions, one will be injected into CICC Gold when it matures.

Since 2024, the highest increase in the share price of China Gold has reached 119%. On August 23, the share price of China Gold closed at 15.31 yuan, with a market value of 74.2 billion yuan.