Shandong Yulong Gold Co.Ltd(601028) : the subsidiary plans to acquire 100% equity of nqm gold with RMB 900 million to obtain the control of pajingo gold mine

on May 20, Shandong Yulong Gold Co.Ltd(601028) 5, it was announced that the wholly-owned subsidiary Yurun gold Co., Ltd. planned to acquire 100% equity of nqm gold 2 Pty Ltd held by CQT Holding Co., Ltd., a wholly-owned subsidiary of Shandong Tianye Gold Mining Co., Ltd., in cash, in order to obtain the control of pajinge gold mine. The transaction consideration of this transaction is about 903 million yuan.