Transfer of real estate gold assets to major shareholders

Lu Run shares (600157) 28th announcement, to the controlling shareholder Yongtai Investment Holding Co., Ltd. to transfer the company's holdings of Taian Lu Run Real Estate Development Co., Ltd. 100%, Qingdao Pingdu Lu Run Gold Mining Limited liability company 54% Equity, the transfer price amounted to 41.5 million yuan.　　Announced that Lu Run Real estate is a real estate development and management, property management enterprises, the transfer price of 22 million yuan; Pingdu Gold Mine is a company engaged in gold mining, smelting enterprises, 54% of the transfer price of 19.5 million yuan. The Company believes that the main reason for the transfer is the company's gold mining business assets are small, ore reserves reduced, grade decline, exploration costs increased, mineral resources prospects are not optimistic, gold mining business profitability is greatly reduced.　　At the same time, the real estate development business is affected by the national macro-control policy, the real estate market is facing the complexity and uncertainty further intensified, the company's real estate development business is small, affected by the State regulation and control policy, there is a large business uncertainty and volatility. In view of the operating status of the two operations, in order to avoid the business risk, but also to focus on the limited resources to develop coal-dominated energy business, the company plans to profitability is not strong, business volatility greater integration and disposal of business, in order to further improve the company's asset structure and quality, highlighting the main business, enhance profitability.