China Vanadium Titano-Magnetite Mining Company Limited (“China VTM Mining” or the “Company”, together with its subsidiaries, the “Group”) has been listed on the main board of the Hong Kong Stock Exchange since 8 October 2009, the Group is primarily engaged in mining, ore processing, iron pelletising and the sale of iron concentrates, iron pellets and titanium concentrates to steel producers and downstream users of titanium-related products within Sichuan province. The Group now owns four vanadium-bearing titano-magnetite mines (namely the Baicao mine, the Xiushuihe mine, the Yangqueqing mine and the Cizhuqing mine), two ordinary iron ore mines (namely the Maoling mine and the Yanglongshan mine), five processing plants (namely the Baicao processing plant, the Xiushuihe processing plant, the Hailong processing plant, the Heigutian processing plant and the Maoling processing plant) and two iron pelletising plants. All mines are located in Sichuan province, a region with the most abundant vanadium-bearing titano-magnetite resources in China.

In May 2011, the Group secured an offshore supply in Indonesia together with an exchangeable note with an option to convert it into a minority stake in a private company. In the second half of 2011, the Group started to develop the Dashanshu section of the Pingchuan Mine through a joint venture arrangement and entered into an acquisition agreement to acquire the Haibaodang Mine, both of which are vanadium-bearing titano-magnetite mines. In addition to the aforesaid acquisitions and cooperative arrangements, the Group had significantly increased its self iron pelletising production capacity from 360.0 ktpa to 1,360.0 ktpa after the construction of a new pelletising plant was completed in May 2011.