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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Consol. Gen.Min | LSE:CGM | London | Ordinary Share | GB00B0T4LB03 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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RNS Number:1123R
China Goldmines PLC
31 March 2008
31 March 2008
CHINA GOLDMINES PLC
("China Goldmines", "CGM", the "Company", or the "Group")
INTERIM FINANCIAL RESULTS
FOR THE SIX MONTHS TO
31 DECEMBER 2007
China Goldmines plc (AIM: CGM), the AIM-listed gold miner based in Hunan, China,
announces its interim financial results for the six months to 31 December 2007.
Highlights
* Strong cash position -- US$32.1m at 31 Dec 2007
* Net assets of US$59.3m, with no long term debt or hedging commitments.
* JORC code compliant inferred resource of 1.8 million ounces of gold at the
Shenjiaya Project.
* £30m (US$61.3m) raised in October 2007 through a successful share
placement.
* All 8 individual producing gold mines in the Shenjiaya Prospect
transferred into the Group's possession and 100% control, with all mining
permits and licences in place, finalised in November 2007.
* Baomuyuan Plant at Shenjiaya Prospect to be in full production in April
2008.
Post-Period Highlights: activities since 31 December 2007
* 46% rise in gold price (currently US$946.75/oz) since operational planning
in September 2007 (using gold price at US$650.00/oz) expected to cover the
Group's costs sooner than planned.
* The costs of the mine development activities continue to progress below
budget; positive cash balance of US$27.5m at the end of February provides
the Group with adequate financial resources to continue this progress.
Commenting on the interim results and subsequent development Mr Frank
Vanspeybroeck (CEO) said:
"In the six months covered by these interim results, China Goldmines has
achieved one of its principal strategic objectives, the acquisition of the 8
gold mines in the Shenjiaya Prospect. We are now making good progress towards
consolidating the mining operations of the 8 gold mines and starting full scale
production from our Baomuyuan processing plant at Shenjiaya in April 2008.
Continued strong commodities prices and expanding mining operations place us in
a favourable financial position for the 2008 year."
The Group's full interim financial results follow, and are also available on the
Group's website, www.chinagoldmines.com.
Ends
For additional information:
China Goldmines plc
Frank Vanspeybroeck (CEO) +86 731 518 8200
Alec Worrall +44 207 788 7621
Marinko Vidovich (CFO) +61 89 488 8807
Changsha Office +86 731 515 8211
Perth Operations Office (Technical Support) +61 8 9488 8830
Brewin Dolphin Limited +44 141 221 7733
(Nominated Adviser)
Alan Stewart (Corporate Finance)
Parkgreen Communications +44 20 7851 7480
Justine Howarth
Erica Nelson
Notes to Editors
China Goldmines plc is a UK mining company focussed on gold mining projects in
the China Region. The Company listed on AIM on 7 February 2006 as a gold
resources Group focussed on the discovery and development of gold projects in
the Hunan Province of China.
The Group's Guanzhuang Gold Project, based on an Independent Geological Report,
has an estimated inferred resource of 1.8 million ounces within the top 325m
from surface and over a strike distance of 1.5km has been identified from its
100% owned/controlled Shenjiaya Prospect.
The Shenjiaya Prospect consists of eight gold mines which the Group plans to
consolidate with the aim of having a long life mining production of 150,000 oz
Au/pa in the near future. At the same time as mining the existing eight mines,
China Goldmines will continue to investigate the potential of the project area
that remains under explored.
The drilling information in this report was derived from data compiled by Hunan
Westralian Mining Co., Ltd, China and reported by Mr. John Warner B. App. Sc.
(App. Geol), MAIG, MGAA. Mr. John Warner is the Group Geology Manager and has
sufficient experience which is relevant to the style of mineralisation and type
of deposit under consideration and to the activity which he is undertaking to be
qualified as a Competent Person as defined by the 2004 Edition of the '
Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserve.' Mr. John Warner consents to the inclusion in the report of the
matters based on his information in the form and context in which it appears and
has reviewed the contents of this announcement.
CHAIRMAN'S STATEMENT
Dear Shareholder
In January 2008, China Goldmines announced it had started production at its
Guanzhuang Gold Project, achieving a major milestone in its transition from an
explorer to a producer. From its initial pouring of 4kg of gold from
concentrate, with a further production run of 19kg from concentrate since then,
China Goldmines has begun focusing on the consolidation and refurbishment of its
eight producing gold mines in its Shenjiaya Prospect in Hunan Province, China.
In 2008, the Group aims to achieve its annualised gold production target of
25,000oz.
The consolidation of the gold mines over the course of four years is targeted to
achieve about 100,000oz a year by the end of 2010, increasing to about 160,000oz
a year once the engineering development is completed in 2011.
Our long-term vision is to make China Goldmines a dominant mining house in South
Central China now that we have achieved our short-term goal of our first gold
production.
In presenting our interim results for the six months to December 31, 2007, it is
clear to the Board that the Group is well on the way to achieving its objectives
and returning value to shareholders.
In October 2007, Shareholders approved the placing of 25 million shares in the
Company to raise £30 million (US$61.3m) before expenses (the "Placing"). In
November 2007 the Group concluded the acquisition of all eight producing mines
which were then successfully transferred into the Group's possession with 100%
control. The net proceeds of the Placing have been used for the acquisition of
the eight mines and for their consolidation/refurbishment, infrastructure
development and mechanised mining.
We believe that a successful combination of technical skills, strong ethics and
financial strength will ensure that we continue to play a leading role in the
rapidly consolidating gold industry in China.
The Group's management of safety, the environment and community relationships
continues to be of the highest standards. We recognise that our strong
performance in these areas is crucial to our long-term success in China.
On the financial side, the results outlined herein report a loss of US$5.4
million for the six months to 31 December 2007, in which no income was generated
during the exploration and assessment phase. At the end of the period the Group
had US$32.1million cash and cash equivalents and a net asset position of US$59.3
million. With the Group's transition from explorer to producer, this will
provide cashflow for the Group to assist in undertaking the development of the
eight gold mines. In addition, the higher than expected gold price and the fact
that China is the world's biggest gold-producing nation gives us great
confidence in looking to the future, and we can be proud of our achievements
since listing in February 2006.
On behalf of shareholders and management, I thank Chief Executive Officer Frank
Vanspeybroeck, who resides in China, for his efforts and success during the past
half year. A valuable asset of our Group is the Management team's experience as
an explorer, developer and operator of gold mines in China. Our people are
integral to this success and their efforts are greatly appreciated.
Clive Donner
Chairman
31 March 2008
OPERATIONS REVIEW
Review of Operations
In the six months to 31 December 2007, China Goldmines made strong progress
toward its operational targets. A resource estimate on the Guanzhuang Project
based on the findings of the Independent Geological Report indicated a JORC code
compliant inferred resource estimate containing the gold equivalent of 1.8
million ounces for the Shenjiaya Project.
The Group's main activities in the first 6 months of the financial year were
exploration, review and assessment of gold projects, and acquisition of mining
licences. Because of these efforts, the Group incurred a loss for the half year
of US$5.4m, and no income arose during the period.
In November 2007, the Group finalised the transfer of all eight producing gold
mines in the Shenjiaya Prospect into the Group's possession and 100% control,
with all mining permits and licences in place.
In mid December the Group commenced its development plans for the mines which
resulted in its first gold pour of 4kg which was announced in January 2008.
In September 2007 when the Group was forecasting its operational performance for
the acquisition of the 8 gold mines in the Shenjiaya Project the medium term
forecast gold price used was US$650 per ounce. The current gold price of
US$946.75 (as at 28 March 2008) is expected to accelerate the time to cash
breakeven for the Group.
The Board believes the Group is in a sound financial position, with no debt and
no hedging commitments, and that continued strong commodities prices and
expanding mining operations place the Group in a favourable financial position
for 2008.
Post-period Update:
Operations
* The Group commenced its development plans for the mines which resulted in
its first gold pour in January 2008 of 4kg, with a further production run of
19kg from the concentrate. The Group is focussed on its Baomuyuan Plant at
Shenjiaya being in full production in early April 2008, following its
commissioning on 12 March.
* The Baomuyuan plant was commissioned with low grade ore (2 g/t) and
confirmed the metallurgical test work stating that the ore is free milling and
recoveries of over 90% can be achieved through non-complex processing methods.
* The Group is on track (planned for the 2008 calendar year) to commission
five plants that have capacity to process 600 tonnes of ore per day.
* Mine development - planned underground development is ahead of
schedule, the construction of its central decline (5 metres x 5.5 metres) is
planned ahead of time to 2009 with the central 2,000t/day processing plant to
be targeted for commissioning by the end of 2009 (6 months ahead of schedule).
Geological Studies
* Current drilling programme continues to deliver high grade ore.
* The first drill hole results of the year, 300 metres to the east of
Xianglu gold mine, confirms the high grade continuity of the ore body. Diamond
drill hole SJDD0004 encountered varying degrees of alteration throughout the
drill hole. An alteration zone from 251m to 369m depth contained the highest
grade 1.20 m at 11.40 gram/ton from 324.8m to 326m depth. SJDD0004 tested
down dip extensions of drill hole 'ZK03' (previously reported as intersecting
55.3m @ 5.2 gram/ton from 273.71).
Hole ID Longitude Latitude RL (m) Total Azimuth (Degrees Dip (Degrees)
(dec. deg.) (dec. deg.) Depth (m) Mag)
SJDD0004 111.01415 28.55769 224.01 420 174 -80
Hole ID Au From (m) To Thickness (m) Thickness / grade text
(g/t) (m)
SJDD0004 3.86 250 251 1 1.00m @ 3.9gm/t from 250.00m
SJDD0004 1.6 293.6 303 9.4 9.40m @ 1.6gm/t from 293.60m
SJDD0004 3.7 306 307.15 1.15 1.15m @ 3.7gm/t from 306.00m
SJDD0004 2.3 309 311.5 2.5 2.50m @ 2.3gm/t from 309.00m
SJDD0004 1.73 315 316 1 1.00m @ 1.7gm/t from 315.00m
SJDD0004 11.40 324.8 326 1.2 1.20m @ 11.4gm/t from 324.80m
SJDD0004 1.14 331 332.4 1.4 1.40m @ 1.1gm/t from 331.00m
SJDD0004 1.15 361 362 1 1.00m @ 1.2gm/t from 361.00m
Summary of the SJDD0004 Assay results - all stated widths should be read as
apparent widths.
Further drilling from underground and surfaced locations is planned for 2008,
with a minimum of 25,000 metres of diamond drilling.
Management
* The Group has appointed Mr Pan Dexu as General Manager of Hunan Westralian
Mining Co., Ltd, the Group's Chinese Joint Venture Company. Mr Dexu and his
team of Chinese mine managers will execute the Group's development plan in
consolidating and refurbishing all eight mines in the Shenjiaya Gold
Project.
CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE HALF YEAR ENDED 31 DECEMBER 2007
Note Six Months Ended Six Months Ended Year Ended
31 December 2007 31 December 2006 30 June 2007
US$ US$ US$
Unaudited Unaudited Audited
CONTINUING OPERATIONS
Salaries and employee benefits (571,718) (219,010) (619,758)
expense
Office expenses and professional (2,248,359) (451,180) (1,063,710)
fees
Consulting expenses (966,061) (458,837) (634,132)
Travel and accommodation expenses (325,589) (158,911) (325,371)
Other expenses (39,076) (33,155) (68,425)
3 (4,150,803) (1,321,093) (2,711,396)
OPERATING LOSS
Foreign currency gains and losses (1,605,820) 437,443 563,648
Finance revenue 330,216 107,934 181,969
LOSS BEFORE TAX (5,426,407) (775,716) (1,965,779)
Tax 4 - - -
LOSS FOR THE PERIOD (5,426,407) (775,716) (1,965,779)
Attributable to:
Equity holders of the parent (5,214,778) (744,766) (1,889,163)
Minority interest (211,629) (30,950) (76,616)
(5,426,407) (775,716) (1,965,779)
Basic and diluted loss per share 5 (15.9) (3.3) (8.4)
(cents)
CONDENSED CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE FOR THE HALF
YEAR ENDED 31 DECEMBER 2007
Six Months Ended Six Months Ended Year Ended
31 December 2007 31 December 2006 30 June 2007
US$ US$ US$
Unaudited Unaudited Audited
LOSS FOR THE PERIOD (5,426,407) (775,716) (1,965,779)
Exchange differences on translation of (4,769) (44,847) (20,012)
foreign
operations
TOTAL RECOGNISED INCOME AND (5,431,176) (820,563) (1,985,791)
EXPENSE FOR THE PERIOD
Attributable to:
Equity holders of the parent (5,219,547) (789,613) (1,909,175)
Minority interest (211,629) (30,950) (76,616)
(5,431,176) (820,563) (1,985,791)
CONDENSED CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2007
Note 31 December 2007 31 December 2006 30 June 2007
US$ US$ US$
Unaudited Unaudited Audited
NON-CURRENT ASSETS
Intangible assets 7 24,576,063 1,039,240 2,229,976
Property, plant and equipment 7 1,648,414 215,081 240,264
Long term receivable 7 500,000 - -
Other financial asset 143,641 133,615 143,641
26,868,118 1,387,936 2,613,881
CURRENT ASSETS
Inventories 789,712 - -
Trade and other receivables 182,746 53,445 180,650
Cash and cash equivalents 32,098,385 4,882,283 2,594,152
33,070,843 4,935,728 2,774,802
TOTAL ASSETS 59,938,961 6,323,664 5,388,683
CURRENT LIABILITIES
Trade and other payables (653,258) (406,490) (637,605)
TOTAL LIABILITIES (653,258) (406,490) (637,605)
NET ASSETS 59,285,703 5,917,174 4,751,078
EQUITY
Issued capital 8,10 919,975 390,151 390,151
Share premium account 8,10 66,161,660 6,725,683 6,725,683
Foreign exchange reserve 10 (7,721) (27,787) (2,952)
Other reserves 10 61,344 61,344 61,344
Retained earnings 9,10 (8,285,981) (1,406,806) (2,871,203)
EQUITY ATTRIBUTABLE TO EQUITY 58,849,277 5,742,585 4,303,023
HOLDERS OF THE PARENT
Minority interest 9,10 436,426 174,589 448,055
TOTAL EQUITY 10 59,285,703 5,917,174 4,751,078
CONDENSED CONSOLIDATED CASH FLOW STATEMENT
FOR THE HALF-YEAR ENDED 31 DECEMBER 2007
Note Six Months Ended Six Months Ended Year Ended
31 December 2007 31 December 2006 30 June 2007
US$ US$ US$
Unaudited Unaudited Audited
Net cash used in operating activities 11 (4,887,882) (1,068,856) (2,330,530)
INVESTING ACTIVITIES
Purchase of unquoted equity investment - (133,615) (143,641)
Purchases of property, plant and equipment (98,202) (132,465) (192,902)
Purchase of intangible assets (52,844) (455,134) (1,661,454)
Purchase of gold mines and associated
mining licences and rights 7 (24,142,267) - -
Interest received 330,216 107,934 181,969
Net cash used in investing activities (23,963,097) (613,280) (1,816,028)
FINANCING ACTIVITIES
Share issue 529,824 - -
Premium on shares issued 63,417,004 - -
Legal and professional fees of placing (3,981,027) - -
Net cash from financing activities 59,965,801 - -
Net increase/(decrease) in cash and cash 31,114,822 (1,682,136) (4,146,558)
equivalents
Cash and cash equivalents at the beginning 2,594,152 6,197,074 6,197,074
of the period
Net foreign exchange difference (1,610,589) 367,345 543,636
CASH AND CASH EQUIVALENTS AT 32,098,385 4,882,283 2,594,152
THE END OF THE PERIOD
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
NOTE 1: GENERAL INFORMATION
The information for the year ended 30 June 2007 does not constitute statutory
accounts as defined in section 240 of the Companies Act 1985. A copy of the
accounts for that year has been delivered to the Registrar of Companies. The
auditors' report on those accounts was not qualified and did not contain
statements under section 237(2) or (3) of the Companies Act 1985.
NOTE 2: ACCOUNTING POLICIES
The interim financial report has been prepared using accounting policies
consistent with International Financial Reporting Standards (IFRSs) with the
exception of IAS 34 which is not mandatory for AIM listed businesses.
The same accounting policies and methods of computation are followed in the
interim financial report as published in the annual financial report dated 20
December 2007 which is available on the Group's website on
www.chinagoldmines.com.
Further to the accounting policies noted above stock is recorded in this interim
report at cost, with provision when necessary to bring stock to be held at the
lower of cost and net realisable value.
NOTE 3: SEGMENT INFORMATION
All of the reported revenue and operational results for the period derive from
the Group's continuing gold mine exploration and mining operations.
NOTE 4: TAXATION
No liability to tax is expected to have arisen during this period.
NOTE 5: LOSS PER SHARE
The calculation of the loss per share is based on the following data:
Six Months Ended Six Months Ended Year Ended
31 December 2007 31 December 2006 30 June 2007
US$ US$ US$
Unaudited Unaudited Audited
Loss
Loss used in calculating basic and (5,214,778) (744,766) (1,889,163)
diluted loss per share for the period
attributable to the equity holders of the
parent
Number of shares
Weighted average number of ordinary 32,755,316 22,549,995 22,549,995
shares for the purpose of basic and
diluted loss per share
The above figures are not affected by any dilutive share options as no share
options have been issued.
NOTE 6: DIVIDENDS
No dividends were declared in the period or prior periods
NOTE 7: PURCHASE OF MINING LICENSES, MINE INFRASTRUCTURE AND ASSOCIATED PROPERTY
PLANT AND EQUIPMENT AND LONG-TERM GOVERNMENT BONDS
In November 2007 the purchase and transfer into the Group's possession and 100%
control of all 8 individual producing gold mines in the Shenjiaya Prospect was
finalised, together with all mining permits and licences in place.
The Group is currently performing a detailed engineering assessment of the
assets acquired which is ongoing at the time of the interim report. On a
provisional basis the Directors have estimated the initial values allocated to
the assets acquired as property plant and equipment of $1.3m, long term bonds of
$0.5m and mining licences $22.3m. The total consideration paid was $24.1m.
NOTE 8: ISSUED CAPITAL
On 7 August 2007, 900,000 shares of £0.01 ($0.02) each were placed at a premium
of £1.39 ($2,84) each.
On 22 October 2007 the authorised share capital of the company was increased to
£550,000 by the creation of an additional 31,000,000 shares of £0.01 ($0.02)
each.
On 23 October 2007, 25,025,416 shares of £0.01 ($0.02) each were placed at a
premium of £1.19 ($2,43) each.
Legal and professional fees arising from the placing of $3,981,027 have been set
against the share premium reserve.
NOTE 9: CONTRIBUTION OF EQUITY
During the period ended 31 December 2007, China Goldmines has provided a further
$1,000,000 of equity to Hunan Westralian Mining Co. Ltd which is not specific to
the mining licences and gold mines acquired in the period to help fund the
ongoing operations and exploration costs. This is in addition to the amount
required under the Joint Venture agreement and does not increase the 80%
shareholding held in the company.
No contribution of equity was made by the other Joint Venture holder Brigade 407
and in line with the Joint Venture Agreement Brigade 407 continue to have a 20%
shareholding after this additional funding was paid. Accordingly to reflect the
continuing minority interests held by Brigade 407 $200,000 has been transferred
from the profit and loss reserve to the minority interest's balance to reflect
the percentage of the net assets held by Brigade 407 in Hunan Westralian Mining
Co., Ltd at 31 December 2007.
NOTE 10: RECONCILIATION OF EQUITY
Share Foreign Total
Issued Premium exchange Other Retained Minority equity
capital account reserve reserves earnings interests
At 1 July 2007 390,151 6,725,683 (2,952) 61,344 (2,871,203) 448,055 4,751,078
Issue of shares 529,824 63,417,004 - - - - 63,946,828
Expenses on issue
of shares - (3,981,027) - - - - (3,981,027)
Loss for the period
attributable to equity
shareholders - - - - (5,214,778) - (5,214,778)
Loss for the period - - - - - (211,629) (211,629)
attributable to minority
interests
Exchange differences - - (4,769) - - - (4,769)
on translation of
foreign
operations
Transfer between - - - - (200,000) 200,000 -
reserves (note 9)
At 31 December 2007 919,975 66,161,660 (7,721) 61,344 (8,285,981) 436,426 59,285,703
NOTE 11: NOTES TO THE CONDENSED CONSOLIDATED CASH FLOW STATEMENT
Six Months Ended Six Months Ended Year Ended
31 December 2007 31 December 2006 30 June 2007
US$ US$ US$
Unaudited Unaudited Audited
Operating loss from continuing operations (4,150,803) (1,321,093) (2,711,396)
Adjustments for:
Depreciation of property, plant and equipment 31,719 23,998 61,221
Amortisation of intangibles 7,357 15,000 19,029
Operating cash flows before movements in (4,111,727) (1,282,095) (2,631,146)
working capital
(Increase)/decrease in receivables (2,096) 146,234 2,104
Increase in inventories (789,712) - -
Increase in payables 15,653 67,005 298,512
Net cash from operations (4,887,882) (1,068,856) (2,330,530)
Cash and cash equivalents (which are presented on the face of the balance sheet)
comprise cash at bank and other short-term highly liquid investments with a
maturity of three months or less.
NOTE 12: CONTINGENCIES
There were no material contingent liabilities of the Group at 31 December 2007.
NOTE 13: SUBSEQUENT EVENTS
No matter or circumstance has arisen since 31 December 2007, which has
significantly affected, or may significantly affect the operations of the group,
the result of those operations, or the state of affairs of the group in
subsequent financial years.
AUDITORS' INDEPENDENT REVIEW REPORT TO CHINA GOLDMINES PLC
We have been engaged by the company to review the condensed set of consolidated
financial statements in the interim financial report for the six months ended 31
December 2007 which comprises the Condensed Consolidated Income Statement, the
Condensed Consolidated Balance Sheet, the Condensed Consolidated Statement of
Recognised Income and Expense, the Condensed Consolidated Cash Flow Statement
and related notes 1 to 13. We have read the other information contained in the
interim financial report and considered whether it contains any apparent
misstatements or material inconsistencies with the information in the condensed
set of consolidated financial statements.
This report is made solely to the company in accordance with International
Standard on Review Engagements 2410 issued by the Auditing Practices Board. Our
work has been undertaken so that we might state to the company those matters we
are required to state to them in an independent review report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company, for our review work, for this
report, or for the conclusions we have formed.
Directors' responsibilities
The interim financial report is the responsibility of, and has been approved by,
the directors. The directors are responsible for preparing the interim
financial report in accordance with the AIM Rules of the London Stock Exchange.
Our responsibility
Our responsibility is to express to the Company a conclusion on the condensed
set of consolidated financial statements in the interim financial report based
on our review.
Scope of Review
We conducted our review in accordance with International Standard on Review
Engagements (UK and Ireland) 2410, "Review of Interim Financial Information
Performed by the Independent Auditor of the Entity" issued by the Auditing
Practices Board for use in the United Kingdom. A review of interim financial
information consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with International Standards on Auditing (UK and Ireland) and
consequently does not enable us to obtain assurance that we would become aware
of all significant matters that might be identified in an audit. Accordingly, we
do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe
that the condensed set of consolidated financial statements in the interim
financial report for the six months ended 31 December 2007 is not prepared, in
all material respects, in accordance with the AIM Rules of the London Stock
Exchange.
Deloitte & Touche LLP
Chartered Accountants and Registered Auditor
Newcastle
31 March 2008
CORPORATE DIRECTORY
Directors: Auditors
Clive Donner (Non-Executive Chairman) Deloitte & Touche LLP
Frank Vanspeybroeck (Chief Executive) Gainsborough House
Marinko Vidovich (Finance Director) 34-40 Grey Street
Lance Browne CBE (Non-Executive Director) Newcastle-upon-Tyne
Alex Worrall (Non-Executive Director) NEI 6AE
Karl Eric Watkin MBE (Non-Executive Director)
Evan Kirby (Non-Executive Director) Auditors in China:
Deloitte Touche Tohmatsu CPA Ltd
Company Secretary: Shenzhen Branch
Alex Worrall
Auditors in Australia:
Registered Office: Rothsay Chartered Accountants
Sandgate House Level 1, 21 Barrack Street
102 Quayside Sydney NSW 2000
Newcastle-upon-Tyne Australia
NEI 3DX
Solicitors to the Company:
Chinese Offices:
China:
Changsha
Chongqing Senswins Law Firm
Room 1607 & 1608
77 Qingnian Road
South Jiasheng-Aomeicheng Building
Chongqing
262 West Laodong Road
400012, PRC
Changsha, Hunan 410015
P.R. of China
United Kingdom's Solicitors:
Ward Hadaway
Guanzhuang Town
Sandgate House
Gan Fa Hotel
102 Quayside
Xia Jie
Newcastle-upon-Tyne
Guanzhuang Town
NEI 3DX
Yuanling County
Hunan Province 419607
Public Relations:
P.R. of China
Parkgreen Communications
Pegasus House
Perth Operations Office:
37-43 Sackville Street
1st Floor
London
24 Outram Street
W1S 3EH
West Perth WA 6005
Australia
Registrars:
Computershare Investor Services PLC
Nominated Adviser and Broker:
Corporate Actions
Brewin Dolphin Limited
PO Box 859 The Pavilions
48 St Vincent Street
Bridgwater Road
Glasgow
Bristol
G2 5TS
BS99 1XZ
This information is provided by RNS
The company news service from the London Stock Exchange
END
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