Yulong shares: it is expected to acquire control of the Pajingo Gold Mine with 800-1 billion yuan.

Yulong announced that on October 8, 2021, its wholly-owned subsidiary Yurun Gold and CQT Holdings signed an "acquisition intention Agreement" in Jinan, Shandong Province, in which Yurun Gold intends to sell its entire stake in NQM Gold2Pty Ltd held by CQT Holdings in cash to gain control of the Parjingo Gold Mine in Queensland, Australia. The price range for the 100 per cent stake in NQM Gold2Pty Ltd held by CQT Holdings is expected to be about Rmb800m to Rmb1 billion in preliminary negotiations between the two sides of the deal.