Core Insights - The domestic retail gold prices show significant price differences among leading brands, with Chow Tai Fook and Chow Sang Sang both quoting 1305 CNY per gram, while Lao Feng Xiang is at 1298 CNY per gram and Chow Sang Sang at 1295 CNY per gram [1] - More affordable brands have a competitive edge, with China Gold pricing between 1210-1242 CNY per gram, and the Shenzhen Shui Bei market offering a wholesale price of 1078 CNY per gram for 999 gold (processing fees not included) [1] - The gold recycling prices indicate a range for 999 gold at 913-917 CNY per gram, with brand stores also offering around 913 CNY per gram; 18k gold recycling price is 663 CNY per gram, and 22k gold is at 805 CNY per gram, highlighting the significant impact of purity differences [1]

Core Viewpoint - China Gold has appointed Liu Kejun as the acting secretary of the board, reflecting ongoing leadership changes within the company [1] Group 1: Leadership Changes - Liu Kejun has a diverse background in various roles within China Gold, including positions in product development, market promotion, and as the secretary of the board [1] - The company has seen significant turnover in its board and senior management, with 16 changes in the past year [4] - Recent announcements include the departure of several non-independent directors and the appointment of new ones, indicating a restructuring of the board [5][7][8] Group 2: Compensation and Age Demographics - The average age of the board and senior management at China Gold is 52 years, with a median age of 53 [2] - Total compensation for directors and senior management in 2024 is reported at 3.0038 million yuan, with an average salary of 502,200 yuan [2] - There has been a significant decrease in total compensation from 2022 to 2024, dropping by 224.66 million yuan, a decline of 42.79% [3] Group 3: Stock Performance - China Gold's stock price has decreased from 11.33 yuan at the end of 2022 to 8.27 yuan at the end of 2024, representing a decline of 27.03% [4] - The company's stock performance has been negatively correlated with executive compensation, as both have seen declines over the same period [4]

Group 1 - The core point of the article is the resignation of Chen Jun, the Deputy General Manager and Secretary of the Board of China Gold, due to work adjustment reasons [2] - Chen Jun will not hold any position in the company after resigning from his roles [2]

Core Viewpoint - China National Gold Group Co., Ltd. plans to increase its stake in China Gold by purchasing 10,769,300 shares, representing approximately 0.64% of the total share capital, for a total amount of RMB 88,314,662.00 [2] Summary by Sections - **Share Purchase Details** - The share purchase will occur between May 29, 2025, and November 21, 2025 [2] - The transaction will be conducted through the Shanghai Stock Exchange via a centralized bidding method [2] - **Future Plans** - The group company intends to continue increasing its stake in China Gold according to its acquisition plan [2]

Core Viewpoint - The company announced the resignation of its Vice President and Board Secretary, Chen Jun, due to work adjustments, effective immediately upon delivery of the resignation report to the board [1] Group 1 - Chen Jun will no longer hold any position within the company following his resignation as Vice President and Board Secretary [1] - The company's board approved the appointment of Jin Wenyi and Wang Xingmeng as new Vice Presidents, effective from the date of the board's approval until the end of the current board's term [1]

Core Points - The company announced the resignation of its Deputy General Manager and Board Secretary, Mr. Chen Jun, due to work adjustments [1] - Mr. Chen's resignation takes effect immediately upon delivery of his resignation report to the board [1] - After resigning, Mr. Chen will not hold any position within the company [1] - As of the announcement date, Mr. Chen indirectly holds 603,360.62 shares of the company through a holding platform [1] - There are no unfulfilled commitments that Mr. Chen is obligated to perform [1]

截至本公告披露日，陈军先生通过公司持股平台泉州君融信息咨询中心（有 限合伙）间接持有公司股票 603,360.62 股，不存在应当履行而未履行的承诺事 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | | | | | | | | | 是否继续在 | 具体职 | 是否存 在未履 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职 务 | 离任时间 | | 原定任期 到期日 | | 离任原 因 | | 上市公司及 其控股子公 司任职 | 务（如适 用） | 行完毕 的公开 | | | | | | | | | | | | 承诺 | | 陈军 | 副 总 经 | 2025 | 年 | 2027 3 | 年 | 工 作 | 调 | 否 | 否 | 否 | | | 理、董事 | 11 月 | 21 | 月 21 | 日 | 整 | | | | | | | 会秘书 | 日 | | | | | | | | | 一、提前离任的基本情况 ...

证券代码：600916 证券简称：中国黄金 公告编号：2025-045 中国黄金集团黄金珠宝股份有限公司 第二届董事会第十四次会议决议公告 二、董事会会议审议情况 经会议有效审议表决形成决议如下： （一）审议通过《关于年度投资计划调整的议案》 根据投资计划执行进展情况，公司拟对 2025 年度投资计划进行调整；本次 年度投资计划调整固定资产类投资项目保持不变，仍为 2743 万元。股权类投资 项目中，原设立大湾区子公司项目终止，投资主体变更为设立广州全资子公司， 项目金额由 4300 万元增加至 5000 万元；新增设立中金珠宝（国际）有限公司项 目，计划投资 5 亿元。调整后，公司 2025 年投资计划包括 4 个项目，总金额为 5.77 亿元。此次调整有利于服务公司国际化战略实施，统筹资源配置和风险管 控。 表决结果：赞成 9 票，反对 0 票，弃权 0 票。 本议案已经公司董事会战略与 ESG 委员会审议通过。 （二）审议通过《关于成立中金珠宝国际有限公司（暂定名）的议案》 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 ...

Group 1 - The core point of the article is that China Gold announced its second board meeting on November 21, 2025, to discuss adjustments to the annual investment plan [1] - For the fiscal year 2024, the revenue composition of China Gold is as follows: 98.8% from gold jewelry sales, 0.75% from service fees, and 0.44% from other businesses [1] - As of the time of reporting, China Gold's market capitalization is 13.5 billion yuan [1]

| 一、增持主体的基本情况 | | --- | 已披露增持计划情况：中国黄金集团黄金珠宝股份有限公司（以下简 称"公司"）于 2025 年 5 月 29 日发布了《中国黄金集团黄金珠宝股 份有限公司关于控股股东以自有资金及专项贷款增持公司股份计划公 告》（2025-023），公司控股股东中国黄金集团有限公司（以下简称 "集团公司"）基于对公司价值的认可及未来持续稳定发展的信心， 同时为提振投资者信心，切实维护投资者利益，促进公司持续、稳定、 健康的发展，计划自 2025 年 5 月 29 日之日起 12 个月内，通过上海证 券交易所交易系统以集中竞价、大宗交易等方式增持公司无限售条件 流通 A 股股份金额不低于人民币 16,750 万元，不高于人民币 33,500 万元，资金来源为自有资金及增持专项贷款。 增持计划的实施进展：集团公司于 2025 年 5 月 29 日至 2025 年 11 月 21 日期间通过上海证券交易所交易系统以集中竞价方式增持公司股份 10,769,300 股 ， 约 占 公 司 总 股 本 0.64% ， 成 交 金 额 为 人 民 币 88,314,662.00 元（不含交易佣金等 ...