Trading of Precious Metals

China National Gold Group Co., Ltd. (hereinafter referred to as the "China Gold (Group Company)") is a comprehensive member of Shanghai Gold Exchange (SGE), a self-operated member of Shanghai Futures Exchange, an enterprise member of SGE capable of providing standard gold ingots, and a member of the London Bullion Market Association (LBMA). The Precious Metals BU of China Gold Trading (Shanghai) is responsible for the market research, centralized sales of gold products of China Gold; for formulating the sales policies, sales methods, settlement system and creating internal sales risk prevention mechanisms for gold products; for the specific trading, settlement, delivery, capital and inventory balancing and business risk prevention in Shanghai Gold Exchange and Shanghai Futures Exchange; for gold purchase and sales settlement, fund transfer and financial accounting within China Gold; and fulfilling the sales targets of gold products issued by China Gold.

As a comprehensive member of the Shanghai Gold Exchange, the Precious Metals BU handles the account opening procedures for corporate customers at the Shanghai Gold Exchange, and provides safe, convenient and thoughtful services for their trading, outbound delivery, leasing and other businesses.