Yulong Gold Held a Work Summary Meeting for the First Half of 2023

       7月25日，公司召开2023年上半年工作总结会，总结上半年成绩，查摆存在的问题，安排部署下半年工作，确保完成全年任务指标。济高控股集团党委委员、副总经理，公司董事长牛磊参加会议并讲话。

       On July 25th, Yulong Gold held a summary meeting for the first half of 2023 to summarize the work achievements of the first half year, identify existing problems, arrange and deploy the work of the second half year with the purpose of ensuring the completion of the annual task indicators. Niu Lei，Jinan Hi-tech Holding Group’s Party committee member, deputy general manager, Yulong Gold’s chairman, attended the meeting and made a statement.

      会议首先传达了集团上半年工作总结会精神。分析了公司上半年主营业务财务指标情况，国内项目考察并购团队以及公司各项目负责人分别汇报了重点工作推进情况，公司总经理李振川汇报了公司全面生产经营情况。

      The meeting first conveyed the spirit of the Group’s work summary meeting and analyzed the company’s main business financial indicators in the first half year. The team which are in charge of project investigation and the project leaders of the company reported the progress of key work respectively. Li Zhenchuan, the general manager of the company, reported the overall production and operation state of Yulong Gold.

      会议指出，上半年，公司深入贯彻落实集团高质量发展工作会议精神，紧紧围绕“1234”工作思路，担当作为，不断推动“双轮驱动”战略落地突破，较好地完成了上半年主要经济指标及重点任务。

      The meeting pointed out that in the first half of the year, Yulong Gold thoroughly implemented the spirit of the Group’s high-quality development work conference, closely focused on the company’s "1234" work ideas, took responsibility, constantly promoted the breakthrough of the “two-wheel drive”  strategy, and successfully completed the main economic indicators and key tasks in the first half of the year.

      会议要求，公司要持续贯彻落实集团考核管理制度，增强精细化管理能力，不断实现稳健高效运营；同时，全体干部员工要不断明确清晰定位、践行使命担当、强化争先创优、落实考核质量、优化动力机制、增进闭环管理，全面赋能公司高质量发展。

      The meeting requested that the company should continue to implement the appraisal management system of the group, enhance the refined management ability, and continuously realize steady and efficient operation; At the same time, all cadres and employees should define their job orientation clearly, carry out their mission, strengthen the ability of striving for excellence, put high appraise quality in place, upgrade dynamic mechanism, improve closed-loop management, and fully empower the company to develop with high quality.

      会议强调，针对下半年工作，公司全体干部员工要进一步统一思想、凝聚力量，加压奋进，全力做到“五保五突破”，确保完成年度工作任务目标。一保主力矿山超额完成年度指标，重点突破勘探增储上产。帕金戈矿区在进一步优化贫化率、回收率、运转率的基础上，机动调整入选矿石品位及黄金产量，做实新靶区探矿找矿和老矿区综合利用，持续招聘培养海外矿山管理队伍。二保在建矿山完成节点建设任务，重点突破项目提前投产。钒矿综合液流电池厂商应用及设计院技术更新因素，论证工艺设计，统筹做好立项、可研、环评等工作，确保基建与融资有序进行；硅石矿项目要厘清建设用地性质和项目手续主体关系，寻找合适方案，补充专业人员，确保如期投产；催腾石墨项目要做好工艺设计及设备选型集成，派驻相关人员长驻现场，充分研判；同时，加快关键权矿获取工作。三保大宗商品业务现金流量安全，重点突破财务指标优化。上海大宗贸易要通过优化产品结构，增强盈利能力，强化现金流量管理，增强各项周转指标，防范业务流动性风险。四保新增并购优质矿山项目资源，重点突破在产矿山并购。国内项目考察并购团队要对拟并购项目提前准备资源复勘等工作，聚焦储备备选项目，满足全年并购目标，统筹安排好并购资金。五保公司治理价值管理科学稳健，重点突破股东结构优化。完善价值管理方案，有效传递价值，全面展示公司的核心优势，提振市场信心；同时，通过优化股权结构和治理结构，进一步增强公司抵御风险能力和行业竞争力，不断实现公司高质量发展。下半年，公司全体职工将坚守初心如磐，砥砺奋发作为，确保全年各项指标如期完成。

      The meeting stressed that for the work in the second half of the year, all cadres and employees of the company should further unify their thinking, consolidate strength, forge ahead courageously, and make every effort to achieve the “five-guarantees and five-breakthroughs” to ensure the completion of the annual task. First, ensuring that the main mines exceed the annual target, and focusing on breaking through exploration output and increasing reserves. On the basis of further optimizing the dilution rate, recovery rate and operation rate, the Pajingo Gold Mine should adjust the mill feed grade and gold output, make comprehensive utilization of old mining area and prospect in the new target area,  and continue to recruit and train overseas mine management teams. Second, ensuring that mines under construction complete the node construction task, and key projects are put into operation ahead of schedule. In the aspect of vanadium mine, it should integrate the application of flow battery manufacturers and the technical renewal factors of Design Institutes, demonstrate the process design, and make overall plans for project establishment, feasibility study and environmental assessment to ensure the orderly progress of infrastructure construction and financing; silica mine project should clarify the nature of construction land, make clear the subject relationship of project procedures, find suitable solutions, supplement professionals, and ensure the timely production; the process design and equipment selection and integration should be done well in the Triton graphite project, and relevant personnel should be stationed at the site for a long period to fully judge; in the meanwhile, it should speed up the acquisition of key mineral rights. Third, ensuring the safety of cash flow in commodity trading business, focusing on optimizing financial indicators. Shanghai commodity trading business should improve product structure, enhance profitability, strengthen management of cash flow and reinforce various turnover indicators to prevent business liquidity risks. Fourth, guaranteeing to increase the acquisition of high-quality mine project and focusing on the breakthrough in the acquisition of production mines. The domestic project investigation team should prepare the re-exploration of resources in advance for the proposed M&A project, concentrate on the alternative projects, meet the M&A target for the whole year, and make overall arrangements for M&A funds. Fifth, ensuring the scientific and steady corporate governance value and management, and focusing on improving the shareholder structure. Yulong Gold should perfect the value management scheme, effectively deliver value, fully display the company’s core advantages and boost market confidence; At the same time, by optimizing the ownership structure and governance structure, the company’s ability to resist risks and industry competitiveness will be further enhanced, and the company’s high-quality development will be continuously realized. In the second half of the year, all employees of Yulong Gold will adhere to the initial intentions and work hard to make sure that all indicators for the whole year are completed as scheduled.

       济南本部全体员工现场参会，澳洲、上海公司以及国内各项目公司管理岗人员以视频形式参会。

      All the staff of Jinan headquarters attended the meeting on the spot, and the management staff of Australian company, Shanghai company and domestic project companies attended the meeting by video.