Shandong Guoda Gold Co., Ltd.

    Shandong Guoda Gold Co., Ltd., originated from Zhaoyuan Gold Smeltery, was an earlier professional gold smelting enterprise in China. In June 1983 it was approved by the Ministry of metallurgical industry, in November 1986 it was completed and put into production, and in January 1993 it was developed into a group company. In January 1999, five state-owned enterprises joined together to establish Shandong Guoda Gold Smelting Co., Ltd. In February 2003, the company transformed into a joint stock limited company (Joint venture between Taiwan, Hong Kong, Macao and China) by increasing its capital and shares, and absorbing CGD company (Hong Kong) Co., Ltd. as the controlling shareholder, it changed its name to ‘Shandong Guoda Gold Co., Ltd.’(hereinafter referred to as ‘Guoda’). In November 2006, China Gold Group Co., Ltd. became a shareholder of Guoda through debt to equity swap. In March 2012, after the transfer of shares between shareholders, Shandong Zhaojin Group Zhaoyuan Gold Smelting Co., Ltd. became the controlling shareholder of Guoda Company.