# III. SIGNIFICANT EVENTS

# 3.1 Material changes in items of major accounting statements and financial indicators of the Company and the reason thereof

# \( \surd \) Applicable □ Non-applicable

# Unit: Yuan Currency: RMB

<table><tr><td>Balance sheet items</td><td>Amount for 
the current year</td><td>Amount at 
the end of 
the previous year</td><td> Reasons for the change</td></tr><tr><td>Held-for-trading financial 
assets</td><td>1,271,008,894.32</td><td>3,056,619,022.64</td><td> Mainly due to the transfer of investments 
previously accounted for as held-for-
trading financial assets to long-term 
equity investments by subsidiaries in 
accordance with the progress of equity 
acquisitions</td></tr><tr><td>Derivative financial assets</td><td>6,166,892.00</td><td>1,594,110.00</td><td> Mainly due to the option value changes 
in the individual stock of consolidated 
funds of subsidiaries</td></tr><tr><td>Accounts receivable</td><td>347,328,510.47</td><td>169,904,246.64</td><td> Mainly due to the increase in unrecovered 
balance of the proceeds receivable from 
gold sales at the end of the period</td></tr><tr><td>Receivables financing</td><td>20,572,919.40</td><td>10,499,067.23</td><td> Mainly due to the increase in notes 
receivable that subsidiaries do not intend 
to hold to maturity as compared with the 
beinning of the periodg</td></tr><tr><td>Prepayments</td><td>366,995,206.53</td><td>1,961,598,559.94</td><td> Mainly due to the transfer from prepaid 
investments to long-term equity 
investments by subsidiaries</td></tr><tr><td>Other current assets</td><td>725,928,517.11</td><td>502,442,954.10</td><td> Mainly due to the reclassification of other 
non – current financial assets due within 
one year of subsidiaries</td></tr><tr><td>Long-term deferred 
expenditures</td><td>42,020,593.55</td><td>32,394,820.83</td><td> Mainly due the additional amounts of 
reportable items of newly acquired 
subsidiaries during the period</td></tr><tr><td>Derivative financial 
liabilities</td><td>3,124,465.00</td><td>834,790.00</td><td> Mainly due to the option value changes 
in the individual stock of consolidated 
funds</td></tr><tr><td>Contract liabilities</td><td>160,633,206.94</td><td>120,907,338.60</td><td> Mainly due to the increase in guarantee 
deposits paid by customers of 
subsidiaries for purchasing gold</td></tr><tr><td>Emlpoyee benefits 
palyabe</td><td>587,904,541.17</td><td>381,926,876.63</td><td> Mainly due to the outstanding payment of 
wages provided for as lanned fpor the 
period by some enterprises as they were 
affected by the shutdown of production</td></tr><tr><td>Taxes payable</td><td>273,712,890.27</td><td>478,474,837.39</td><td> Mainly due to decrease in all types of 
taxes for some enterprises as they were 
affected by the shutdown of production</td></tr></table>

<table><tr><td>Balance sheet items</td><td>Amount for 
the current year</td><td>Amount at 
the end of 
the previous year</td><td> Reasons for the change</td></tr><tr><td>Other payables</td><td>4,071,046,017.58</td><td>2,936,497,865.16</td><td> Mainly due to increases in operating gold 
leases and guarantee deposits paid by 
customers of subsidiaries</td></tr><tr><td>Cailpta reserve</td><td>8,329,288,424.21</td><td>6,311,132,478.03</td><td> Mainly due to the additional issuance 
of shares by the Company to acquire 
subsidiaries</td></tr><tr><td>Special reserve</td><td>8,295,892.65</td><td>1,688,890.92</td><td> Mainly due to the additional amounts 
of reportable items of newly acquired 
subsidiaries during the period</td></tr></table>

<table><tr><td>Income statement items</td><td>Amount for 
the current year</td><td>Amount for the 
corresponding 
period of the 
previous year</td><td> Reasons for the change</td></tr><tr><td>Operating income</td><td>7,297,137,748.10</td><td>13,965,732,251.26</td><td> Mainly due to the decrease in sales volume 
of gold products of some enterprises as 
they were affected by the shutdown of 
production</td></tr><tr><td>Operating costs</td><td>6,644,708,527.81</td><td>12,220,910,198.87</td><td> Mainly due to the decrease in operating 
costs for gold products of some 
enterprises as they were affected by the 
shutdown of production</td></tr><tr><td>Taxes and surcharges</td><td>101,351,350.74</td><td>154,674,910.50</td><td> Mainly due to the decreases in sales 
volume of and all types of taxes 
provided for during the period for some 
enterprises as they were affected by the 
shutdown of production</td></tr><tr><td>General and administrative 
expenses</td><td>835,277,730.11</td><td>516,112,080.26</td><td> Mainly due to the including of expenses 
oriinally igncluded in production costs 
in general and administrative expenses 
of some enterprises during the shutdown 
of production</td></tr><tr><td>Other gains</td><td>1,238,040.03</td><td>5,288,129.15</td><td> Mainly due to the decrease in government 
grants of subsidiaries included in profit 
or loss during the period</td></tr><tr><td>Investment gains (loss is 
represented by “-”)</td><td>102,434,803.07</td><td>-8,349,819.51</td><td> Mainly due to the increase in investment 
gains from gold trading such as futures 
and gold leasing of subsidiaries as 
compared with the same period of 
last year due to fluctuations in market 
conditions</td></tr><tr><td>Credit impairment loss (loss
is represented by “-”)</td><td>2,229,327.55</td><td>-540,007.90</td><td> Mainly due to the recovery of entrusted 
loans for which credit impairment 
provisions were made in the previous 
period during the period</td></tr></table>