The Shanghai Gold Exchange has canceled the membership status of East Gold Group.

The Shanghai Gold Exchange announced on its official website today that, because Oriental Gold and Jade Company Limited has not fulfilled its basic membership obligations for a long time, mismanaged its operations, and faces serious legal risks, its membership qualification has been revoked in accordance with relevant regulations. As early as 2020, the China Securities Regulatory Commission had already made penalty decisions regarding Oriental Gold and Jade's fraudulent sales and transactions. In March 2821, the "Number One Jade Stock" Oriental Gold and Jade was delisted from the market.