須予披露及關連交易

8306162715108171704-17054445 482826 http://www.hkgem.com*

- -

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44- ii -

806 8,500,000 68,08,85% 0%0%- -

Ruffy 6 Ruffy .5 - -

Ruffy Ruffy Investments Limited568,08,85 55%,00,000 57 0.000 5%55%- -

0%,600,000 Ruffy 0%5% % 0.88- -

8306Clarendon House2 Church StreetHamilton HM11Bermuda101104-10(i)2,00,0003,0,000(ii)* - -

(i)(ii)(iii)(iv) 0,11,11.3%3%(1) 1,100,000%3%22,00,00020%12,00,000%(2) 3,00,0001.%- -

2,00,0003,0,000(1) 24,0,0002,12,000(2) ,0,000,2,000()11,0,000(4)(4)(i)(ii)(iii) (iv)- -

(v)20%%(vi)(vii) 2,00,000(viii) (vi)(vii)24,0,000(vii)- -

20,000,000(i)%(ii)RuffyRuffyRuffy11,000,00020,000,000%30,000,000(i)%(ii)RuffyRuffyRuffy1,00,00030,000,000%- -

2,000,0004%3%20%3%22,00,00020%12,00,000%3,00,0002,300,0001.% 4,,000 ,30,000 2,02,000 2,2,000 2,02,000 2,2,0002,10,000- 10 -

%1.432(i)(ii)4,000- 11 -

20%20%13,101,24023%.2,00,000%20,000,0002,00,000% 30,000,0002,00,000- 12 -

1%2%Ruffy10%3%10,000,00020444101104-0Ruffy0,11,11.3%(i)Ruffy(ii)Ruffy422- 13 -

112- 14 -

83065121627 * - 15 -

99494909-4910A. 82,500,00093,750,000195%25%19 Ruffy10%53%10,000,000Ruffy509,181,81816.63%- 16 -

B. 17.920.881- 17 -

C. 1. 164,047 219,771 144,759 (18,937 ) 8,636 10,067 532,147 545,536 116,356- 18 -

164,047,000186,417,045 18,937,00021,519,318 532,147,000604,712,500 76,896,00087,381,81887,151,00099,035,2277,747,0008,803,40921,030,00023,897,727 144,759,000164,498,864219,771,000249,739,77351.82% 10,067,00011,439,7738,636,0009,813,63614.21% 2. i. 2,000,00045%35%20%22,800,00035%20%12,600,00055%- 19 -

4,567 6,930 2,802 2,992 2,802 2,992 3,700,0002,300,00061.67% 2,190,000 2,488,636 173,000,000 196,590,909175,190,000199,079,545 55% - 20 -

ii.1.4325173,000,000196,590,909(i)(ii)45,000iii.129,0509,1009,00015,92515,95015,90075.97%www.chinamining.org363,307444,16722.26%345,3363.86%- 21 -

6.1%7.9%8.9%iv. - 22 -

(i) (ii)(iii) (iv) 3. (i)82,500,00093,750,000(ii)i. 82,500,00093,750,000(i)24,750,00028,125,000(ii)57,750,00065,625,000(5)11,550,000(4)(4)(i)(ii) (iii) (iv)(v)82,500,000100%173,000,000196,590,909 55%95,150,000108,125,000- 23 -

(i)(ii)55%95,150,000108,125,00013.29% ii.20,000,000(i)55%(ii)RuffyRuffyRuffy11,000,00020,000,000- 24 -

55%30,000,000(i)55%(ii)RuffyRuffyRuffy16,500,00030,000,00055%iii.24,750,00028,125,00020% 20%13,17016,24023% - 25 -

(i)(ii)(iii)(iv)(v)(vi)82,500,000 20%4. i. 18,937,00021,519,318 55% ii. 532,147,000604,712,50055% - 26 -

D. - 27 -

18171701 1.432555%8306 - 28 -

55%82,500,0002,000,0001.4325* # 122b 133,128 2.33%333 34,480 1.93% 167,608 2.18% 122b 60,041 1.9%333 24,679 1.5% 84,720 1.75%#GB/T17766-1999*- 29 -

# (Zn) 16,300 • • • (Pb) 15,950 • • X• #45,00059,3003,090,00035%063504004119012,100,000,000800,000,0001030- 30 -

25,200,00025,170,00037.8%33%35.7%31.7%600,000400,00060%1,0003,989844.52,3004,6031,0472,0003,525,0003,623,0003,910,00010,477,00011,129,00011,702,00038%35%8%81%77%3%7.2%25%7.8%- 31 -

5.6%11.9%7.6%23.9%3.2%- 32 -

- 33 -

1. 2. 3. 4. - 34 -

1 650,000,000 3,665,6001 2 120,000,000 907,8002 3 910,000,000 4,000,0003 4 801,838,200 330,0004 5 101,000,000 692,0006 51,500,000 1,880,0007 11,600,000 718,0008 30,000,000 520,0009 17,300,000 860,0001 90%2 56,000,0003 910,000,00047.7%910,000,000468,960,0004 682,000,000- 35 -

1 260,400 295,200 70,500 1,053,000 37,200 9032 29,921 57,964 3 279,937 785,813 4,122 4644 305,000 5 146,000 456 94,400 7 44,400 8 71,900 9 31,600 1. 2. 3. 4. 114,000,000 59,000,000 173,000,000- 36 -

173,000,000108171704-1705ASAFCCA, CFACFA- 37 -

1. (a)(b)(c)2. (a)XV(a)XV78(b)352(c)5.465.67(i) 1 768,144,014 25.09%1Callaway Group LimitedCallawayGroup Limited758,144,01410,000,000768,144,014768,144,014- 38 -

(ii) 10,000,000 0.33% 0.26 3,000,000 0.10% 0.26 1,500,000 0.05% 0.234 10,000,000 0.33% 0.26 11,500,000 1,500,000 0.05% 0.234 4,000,000 0.13% 0.26 3,500,000 0.11% 0.272 XV(a)XV78(b)352(c)5.465.67- 39 -

(b)XV23XV2310% Callaway Group 758,144,014 24.76%Limited11 768,144,014 25.09%Ruffy2 1,168,505,268 38.17% 136,363,636 4.45%2 1,168,505,268 38.17% 61,050,000 1.99%1,229,555,268 40.16% 136,363,363 4.45%Merry IntakeLimited3 2,193,290,907 71.64%1Callaway Group LimitedCallawayGroup Limited758,144,01410,000,000768,144,014768,144,014- 40 -

2 Ruffy3Merry Intake LimitedMerry Intake Limited30%Merry Intake Limited Best Era Assets Limited 12%6,000,000 12%6,000,000 11%5,500,000 25%37,500,000 45%900,000- 41 -

XV2310%3. 4. 5. 6. - 42 -

168. - 43 -

8306108171704-051. (a)55%A(b)* - 44 -

Clarendon House2 Church Street Hamilton HM11108Bermuda171704-051. 2. 4828263. 4. - 45 -