Gold's valuation is 3.624 billion yuan

On December 20, 2020, Gold's total share capital increased from RMB 70.18 million to RMB 73.18 million, with a capital increase price of RMB 19.00 per share, of which Zhenghai Juyi subscribed for 2.2 million shares and Liu Xiaosong subscribed for 800,000 shares. According to this estimate, the company's valuation is nearly RMB 1.4 billion. Gold's IPO publicly issued 24.3933 million shares, accounting for 25% of the total shares after issuance. Based on this calculation, when Gold reaches the amount of funds raised for the fundraising project, its valuation is RMB 3.624 billion.