Annual Report 2011 - QuamIR

Notes to the Consolidated Financial StatementsFor the year ended 31 March 201117. Investments in Subsidiaries (continued)Issued andPlace of fully paid Proportionincorporation/ share capital/ ownershipregistration/ registered interest heldName of subsidiary operations capital by the Company Principal activitiesDirect IndirectDalian Haixin PRC US$1,000,000 – 100% Provision ofInvestment Consultant (2010: consultancy servicesCo., Ltd. (Note (i))US$11,930,000)黑 龍 江 中 誼 偉 業 PRC RMB14,730,168 – 92% Exploration and經 貿 有 限 公 司 (2010: (2010: mining of gold(transliterated as RMB5,700,000) 65%)Heilongjiang ZhongyiWeiye Economic &Trade Co., Ltd.)(Note (ii))大 連 廣 泓 礦 業 技 術 PRC RMB5,000,000 – 100% Investment holding咨 詢 有 限 公 司(Note (iii))敖 漢 旗 鑫 瑞 恩 礦 業 PRC RMB50,000,000 – 70% Exploration and有 限 責 任 公 司mining of gold(transliterated asAohanqi XinruiEn IndustryCo., Ltd.(Note (iv))Notes:(i)Dalian Haixin Investment Consultant Co., Ltd. is a wholly foreign owned enterprise established in the PRC.(ii)Heilongjiang Zhongyi Weiye Economic & Trade Co., Ltd. (“Heilongjiang Zhongyi Weiye”) was a sino-foreign equityjoint venture company established in the PRC and was amended to become a sino-foreign cooperative joint ventureenterprise. The current business scope includes wholesale of steel, building materials, sunflower seeds, green beans,red beans and kidney beans and carrying out exploration work at the places in respect of which exploration permitshave been obtained.(iii)大 連 廣 泓 礦 業 技 術 咨 詢 有 限 公 司 is a limited liability company established in the PRC. The current business scopeincludes mining exploration, technical advise, economic, information consultancy services.(iv)Aohanqi Xinrui En Industry Co., Ltd. is a sino-foreign cooperative joint venture established under the PRC law. Thecurrent business scope includes gold mine exploitation, selection of gold and sale of mineral products (which arepermitted by law, rules and regulations, requirements by State Affairs Office of the PRC and cannot engage in thosenot allowed as said).(v)None of the subsidiaries had any debt securities subsisting at the end of the year or at any time during the year.Sino Prosper State Gold Resources Holdings Limited88