Yintai Group transfers its controlling stake in Yintai Gold, leveraging synergies to promote high-quality development of the gold industry

On January 20th, Intime Gold Co., Ltd. (stock code: 000975) (hereinafter referred to as "Intime Gold") announced that its actual controller, Mr. Shen Guojun, and China Intime Investment Co., Ltd. (hereinafter referred to as "Intime Group") have signed a "Share Transfer Agreement" and a "Supplementary Agreement to the Share Transfer Agreement" with Shandong Gold Mining Co., Ltd. (hereinafter referred to as "Shandong Gold"). Mr. Shen Guojun and China Intime Investment Co., Ltd. plan to transfer their total holdings of 20.93% of the company's shares to Shandong Gold. If the transfer is successfully completed, Shandong Gold will become the controlling shareholder of Intime Gold, and the actual controller of Intime Gold will be changed to the State owned Assets Supervision and Administration Commission of Shandong Provincial People's Government.

This transaction is conducted in accordance with the principles of fairness, impartiality, and openness. Both parties are optimistic about the quality and future development prospects of Intime Gold assets, and have made positive and prudent decisions based on their own development strategies.

2013 In, Intime Group completed its strategic restructuring of Southern Science City Development Co., Ltd., which was renamed Intime Resources Co., Ltd. and later renamed Intime Gold Co., Ltd.

After nearly a decade of development, Intime Gold has grown into one of the important business segments under Intime Group. Yintai Gold has excellent asset quality, abundant mineral resources reserves, high grade, broad exploration prospects, strong professional talents and technical strength, and has become an important influential listed company in the domestic precious metal industry. According to data from the China Gold Association, Yintai Gold ranks fifth in gold production among Chinese gold listed companies, and the company is also one of the domestic gold mining enterprises with high gross profit margins.

Shandong Gold, as a large state-owned enterprise in Shandong Province, has leading gold production, resource reserves, economic benefits, and technological strength, and is one of the leading enterprises in the domestic gold industry. Intime Group believes that in the future, with the industrial and resource empowerment of Shandong Gold, Intime Gold can form complementary advantages with Shandong Gold, jointly exert business synergy, resource synergy, and production management synergy effects, continue to grow and strengthen, bring tangible returns to shareholders, and promote the high-quality development of the domestic gold industry.

In the future, Intime Group will continue to adhere to the development strategy of "focusing on the main business and exploring innovation", adhere to the original intention of the industry, actively participate in commercial retail, commercial real estate development and operation management, and social welfare, and contribute its due strength to promote the high-quality development of the Chinese economy.