Mr. Wang Jianhua, Chairman of Chifeng Gold, and Mr. Dong Shubao, Board Secretary of Chifeng Gold, paid a working visit to Jilong Mining and Wulong Mining from 9(th) to 11(th) December, hosted by Mr. Sun Lijun, GM of Jilong Mining, and Mr. Liu Jin, GM of Wulong Mining during their stay. In the underground tour, Chairman Wang visited sublevel 5 of No.3 mining zone of Jilong Mining and sublevel 3 of sub-mine No.2 of Wulong Minng, focusing on safety management in the underground mines. The site senior management also updated Chairman Wang on the progress of exploration work to increase reserves, the expected delivery of production goals in 2024 and the preliminary work plan for 2025.

Chairman Wang commended the systematic, comprehensive and profound changes and transformations achieved by Jilong Mining, Wulong Mining and Hanfeng Mining in 2024. These domestic mines made big strides in safety, environmental protection, exploration work and mechanization while making important contributions to the local socio-economic development. Our entire workforce exudes fighting spirit and our mine sites take on a new look.

Chairman Wang gave the following directives regarding the future work. First, we should prepare for the worst to ensure better and faster development in 2025.We should jump at the favourable opportunities for growth and eliminate all bottlenecks to lay a solid foundation for the next 3 to 5 years. Second, we should further expand our efforts in exploration to increase mineral resources and reserves. Third, we should follow closely the adoption of AI technology in mechanized and digitized mining and benchmark ourselves against peers with high levels of mechanization, automation and digitization to improve efficiency and lower cost. Fourth, given the sound production and operational performance in 2024, the head of each mine will not be adjusted to ensure work continuity. Each domestic mining subsidiary may propose their own plan to adjust positions or salaries for employees at mid-level and above and carry out 2024 work performance evaluation. Meanwhile, a recruitment plan should be submitted to enhance our pool of technical and managerial talents to facilitate our goal of “building large mines with expanded production capacities”.

Chairman Wang further reiterated that the culture of integrating shareholders, managers and workers together worked well in motivating employees and enhancing cohesion in 2024. With favourable external conditions in 2025, each subsidiary should mobilize all employees to work hard for the goal of beneficial development for all. A comprehensive budget should be prepared to guide the work in 2025. All subsidiaries should plan ahead to be well prepared for Q1 2025. Chifeng Gold remains committed to high growth through hard work.