Company Mile Stone

1997     -

In March 1997,

Maogong Mining was founded, being as the first iron ore mine in Hanking.1997

1998     -

In March 1998, Fushun Hanking Aoniu Iron Mine was acquired,

which has become the largest operating iron ore mine in the Fushun area.1998

2004     -

In March 2004,

the Benxi Mine was acquired and started in operations in the same year.2004

2008     -

In July 2008, the company acquired 70% equity interest of Xingzhou Mining.2008

2010     -

In June 2010,

the company acquired the rest 30% equity interest of Xingzhou Mining.2010

2011     -

In September 2011, the Company listed on the HKEX.2011

2012     -

In September 2012, the Company acquired

100% equity interest of Fushun Shangma. In December 2012,

the Company acquired 70% stake of the Indonesian Laterite Nickel Mine.2012

2013     -

In January 2013, the Company

acquired 100% equity interest of the Western-Australian SXO Gold Mine.2013

2014     -

In August 2014, The SXO Gold Project commenced mine stripping.2014

2015     -

The SXO Gold Project was put into commercial production.2015

2016     -

Until December 2016, the total output of gold in the

SXO Gold Project accumulated to 121,456 ounces gold,

respresenting an increase of 106% as compared with the year before2016

2017     -

In April, 2017, SXO Asset was sold successfully

at a sales price based on the enterprise value of AUD330 million.2017

2018     -

The Company has completed disposal of 100% equity interest in Xingzhou Mining.