According to reports, Xu Gaoming, chairman and executive director of Laopu Gold, said during the performance exchange meeting on the morning of August 26 that the current overall consumer climate is weak, domestic gold consumption demand is down about 30% year on year, and international luxury goods are under pressure. Furthermore, the international gold price correction was significant, and the gold price adjustment cycle of old stores faced a decline in gold prices, bringing phased sales pressure. Will old stores adjust the price of gold during the decline in gold prices? In response, Xu Gaoming said, “If a sharp increase is needed, an increase is an increase; the slight or low-key treatment is a small amount of treatment.” In its view, the starting point of gold price adjustments in old stores is to guarantee the constancy of the brand's consumption value and brand value. Furthermore, in response to recent market rumors that old gold stores are hiring people to line up and create false prosperity, Xu Gaoming clearly denied it, saying that the company never uses any improper marketing methods, and believes that any “stealing chicken and dog” style illegal operations will eventually be repulsed. Furthermore, Xu Gaoming revealed the clear progress of overseas expansion at the performance conference. He revealed, “We are in contact with the most advanced shopping malls in Los Angeles, USA, and plan to enter the US, Canada, France, or the UK next year. We must go out in the form of a flagship store or image store to form a destination for consumption or culture and leisure in this city.”

According to reports, Xu Gaoming, chairman and executive director of Laopu Gold, said during the performance exchange meeting on the morning of August 26 that the current overall consumer climate is weak, domestic gold consumption demand is down about 30% year on year, and international luxury goods are under pressure. Furthermore, the international gold price correction was significant, and the gold price adjustment cycle of old stores faced a decline in gold prices, bringing phased sales pressure. Will old stores adjust the price of gold during the decline in gold prices? In response, Xu Gaoming said, “If a sharp increase is needed, an increase is an increase; the slight or low-key treatment is a small amount of treatment.” In its view, the starting point of gold price adjustments in old stores is to guarantee the constancy of the brand's consumption value and brand value. Furthermore, in response to recent market rumors that old gold stores are hiring people to line up and create false prosperity, Xu Gaoming clearly denied it, saying that the company never uses any improper marketing methods, and believes that any “stealing chicken and dog” style illegal operations will eventually be repulsed. Furthermore, Xu Gaoming revealed the clear progress of overseas expansion at the performance conference. He revealed, “We are in contact with the most advanced shopping malls in Los Angeles, USA, and plan to enter the US, Canada, France, or the UK next year. We must go out in the form of a flagship store or image store to form a destination for consumption or culture and leisure in this city.”