When will Chuanjin be listed?

1. Rong Da Gold is a state-owned enterprise. The company lost state-owned assets due to defects in the establishment process, and then paid back state-owned assets of 62,508,200 yuan. As a company whose main business is gold mining, Rong Da Gold is also facing the problem of increasing mining cost.

2. There are defects in the establishment of Rongda Gold official website. According to the prospectus of more than 60 million yuan of state-owned assets, Sichuan Rong Da Mining Group Co., Ltd. (hereinafter referred to as "Mining Group") directly holds 36.54% of the shares of Rong Da Gold, which is the controlling shareholder of the company, and the Sichuan Bureau of Geology and Mineral Resources is the actual controller of the company. If Rong Da Gold is successfully listed, it will become the first gold mine listed company in Sichuan state-owned assets system.

3. Rong Da Gold was formerly known as Muli Rong Da Mining Co., Ltd. (hereinafter referred to as Muli Rong Da). When the company was established in 2006, the state-owned mining group and Sichuan Geology and Mineral Resources (Group) Co., Ltd. (hereinafter referred to as "mining company") cooperated with three enterprises. It is not difficult to see that Rong Da has a high concentration of gold customers and a high proportion of related transactions, which makes it highly dependent on Zijin Mining.