How are prices for precious metal recycling determined? How

　　A: Recycling prices are primarily based on two factors:

　　1. Current international market rates for precious metals: We use real-time quotes from the Shanghai Gold Exchange (SGE) or the London Bullion Market Association (LBMA) as a benchmark.

　　2. The actual precious metal content in the scrap material: We determine the grade through testing and then calculate the value based on the specific gold, silver, or other precious metal content.

　　Commitment to Price Transparency:

　　Once testing is complete, we provide a detailed composition analysis report, specifying the grade, weight, pricing formula, and the final payout amount.

　　Further processing only begins after the client has confirmed the quoted price; we never proceed without prior approval.

　　We welcome re-testing by an independent third-party laboratory. Should the results differ beyond an agreed-upon margin, we will cover the costs of the re-test.