Laofengxiang (600612.SH) plans to invest in establishing a gold refining subsidiary to expand the company's gold business.

Intelligent Financial News APP, Lao Fengxiang (600612.SH) announced that, according to the overall development strategy of the company, Lao Fengxiang Jewelry Research Institute intends to apply to become a certified refining enterprise by the Shanghai Gold Exchange, to carry out old gold recycling, refining and other businesses. According to the latest "Management Measures for Shanghai Gold Exchange Certified Refining Enterprises" released by the Shanghai Gold Exchange on July 10, 2025: the registered capital and net assets of refining enterprises shall not be less than 50 million yuan, and refining enterprises also need to have a gold ingot refining factory that meets the certification standards of the Shanghai Gold Exchange and qualifies for its gold delivery business.