How to handle gold repurchase business through ICBC?

Please bring the physical gold that meets the repurchase requirements, a valid ID, and an invoice (if any) to a designated business outlet in any region to handle the repurchase business.

In addition, warm reminder: In order to facilitate your processing, it is recommended to confirm with the outlet in advance; single repurchase of products of 3,000 grams and above requires making an appointment with the outlet in advance. It needs to be processed within the buyback time of 9:30-15:30. The specific processing times vary from place to place, and the business hours of the local outlet shall prevail. Not available on Saturdays, Sundays and statutory holidays.

Secondly, the repurchase price is determined by subtracting a certain repurchase spread from the basic repurchase price. The basic repurchase price is set by ICBC with reference to the real-time transaction price of the Au99.99 contract on the Shanghai Gold Exchange. . For specific repurchase prices, please consult local repurchase business outlets.

The following is an introduction to ICBC’s gold recycling business:

1. Since December last year, ICBC has officially launched the gold recycling business. This business has broken the previous “recycling of gold by commercial banks” The portal restriction of "own brand" has expanded the acquisition scope from the original ICBC brand investment gold bars to all gold products with a fineness of more than 99%, covering all investment, jewelry, ornaments and other gold products and scrap gold products. ICBC also Become the only financial institution that can provide gold full product acquisition business.

2. The recycling price of ICBC gold bar gold products is adjusted in a timely manner every day based on the quotation of the Shanghai Gold Exchange, which is closer to the international gold price than other gold realization channels. For gold recycling products that have been tested and meet the recycling requirements, customers only need to provide their ID cards and ICBC accounts, and the repurchase funds can be received in real time, making investment realization safe and fast.

3. ICBC has launched a gold repurchase service in many precious metal flagship stores. The scope of repurchase includes not only ICBC’s own brand gold products, but also gold bars purchased through other channels that meet certain standards. Gold jewelry, etc. also fall within the scope of repurchase.

4. In ICBC’s precious metal flagship store, the products that can be repurchased include two categories. The first category is gold products customized by ICBC, including physical branded gold products designed by ICBC with the "ICBC" logo, such as gold bars, money, gold medals, etc. When handling repurchase, the physical product is required to be in good condition, with no obvious defects, and with complete surface elements, such as the bank's brand logo, weight, and fineness. The weight must also be consistent with the surface logo weight. If there is a relevant quality certificate , investors also need to provide it.

The second category is other gold products, specifically including physical gold products with a fineness of Au99.0 and above and sold on behalf of ICBC; fineness of Au99 issued by other commercial banks and gold companies approved by ICBC. 0 and above physical gold products; and other physical gold products with a fineness of Au99.0 and above.

The above is my answer, I hope it is useful to you