China Gold adjusts regional flagship store construction project investment structure, plans to add 31.37 million yuan in inventory funds to enhance market competitiveness.

[Beijing, March 20, 2026] China National Gold Group Corporation (hereinafter referred to as “China Gold”) announced today that, based on market changes and the company’s development strategy, it intends to adjust the internal investment structure of the “Regional Flagship Store Construction Project” funded by the proceeds from its initial public offering (IPO). This adjustment does not change the total investment amount of the project, but mainly reallocates some of the funds originally designated for store purchases, renovations, and equipment investments to inventory funding, with an adjustment amount of 31.3729 million yuan.

The announcement shows that China Gold completed its initial public offering in January 2021, raising a total of 898.20 million yuan, with actual funds raised amounting to 830.9605 million yuan after deducting issuance costs. As of December 31, 2025, the company has cumulatively used 769.2177 million yuan of the raised funds, with a remaining balance of 61.7428 million yuan (excluding interest).

The investment projects and usage of the raised funds are as follows:

According to the adjustment plan, the internal investment structure of the Regional Flagship Store Construction Project will be adjusted as follows:

China Gold stated that this adjustment is mainly based on the current market development situation and gold price trends, by reducing costs related to store purchases, equipment purchases, renovations, etc., and increasing inventory funding to appropriately expand the scale of flagship store operations, increase inventory levels, and enhance the company’s overall market competitiveness. After the adjustment, the project implementation entity, total investment, and the use of raised funds remain unchanged, and it will not affect the final products and application fields of the funded projects.

The company’s board of directors believes that this adjustment is a prudent decision made based on the actual implementation situation of the project, aligning with the company’s actual operating conditions and future development needs, and there will be no disguised change in the direction of raised funds or harm to the interests of the company’s shareholders.

The sponsor institution, CITIC Securities, has reviewed this adjustment matter and believes that it has been approved by the company’s board of directors, has followed the necessary procedures, complies with relevant laws, regulations, and normative documents, and has no objections to this adjustment matter.

China Gold convened the 17th meeting of its second board of directors on March 20, 2026, to review and approve the above adjustment proposal.

Click to view the original announcement>>

Statement: The market has risks, and investment requires caution. This article is automatically published by an AI model based on third-party databases and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for discrepancies. If you have any questions, please contact biz@staff.sina.com.cn.

Massive news, precise interpretation, all in the Sina Finance APP

Editor: Xiao Lang Kuai Bao