On March 31, 2023, following review and approval by the Department of Housing and Urban-Rural Development of Zhejiang Province, Zhejiang Gaoneng Blasting Engineering Co., Ltd. was awarded the First-Class General Contracting Qualification for Mining Engineering Construction.

The qualification is granted in accordance with the Construction Law of the People’s Republic of China and relevant regulations governing the qualifications of construction enterprises. The assessment takes into account a company’s projects undertaken over the previous ten years, project quality, registered capital, professional workforce, technological capabilities, creditworthiness, and other criteria. The qualification is subject to a rigorous and comprehensive review process. Enterprises holding the first-class qualification are authorized to undertake the construction of all types of mining engineering projects.

In recent years, faced with increasingly fierce market competition, Gaoneng has taken market demand as a key driver of its development and reform. While continuing to build on its expertise in blasting, the company has continuously refined its business strategy, optimized its market presence, developed new areas of growth, and accelerated the enhancement of its professional qualifications. These efforts have strengthened the company’s core competitiveness and enabled it to achieve significant results in mining construction projects across China, with its market share continuing to grow. The company’s successful qualification upgrade is a testament to the quality of its projects and the technical expertise it has built up over the years.

This qualification upgrade marks a major breakthrough and an important milestone in Gaoneng’s development. It establishes the company as an integrated construction enterprise holding three key qualifications: First-Class General Contracting Qualification for Mining Engineering Construction, Class A Qualification for Construction of Geological Disaster Control Projects, and Grade I Commercial Blasting Operation License. The upgrade significantly expands the company’s development opportunities and strengthens its brand presence, laying a solid foundation for high-quality and rapid growth in the years ahead.