About HONBRIDGE Company

The Group was listed on the Hong Kong Stock Exchange GEM on January 8, 2002, with magazine publishing as its main business. On October 16, 2007, Hongqiao Capital Co., Ltd. became the Group's new controlling shareholder by subscribing for the Group's newly issued shares and convertible notes. At the same time, the Group also reorganized its magazine publishing business, sold a number of publications, continued to focus on “Xumo JESSICACODE” and “Lisa Taste”, and changed the company name to “Hongqiao Group Co., Ltd.” In June 2008, it completed the acquisition of 60% interest in Jining Karen PV and entered the renewable energy sector at a cost of approximately HK$70 million. Karen PV is engaged in the production of metallic silicon and the development of solar-grade high-purity silicon (UMGs). On March 5, 2010, a formal agreement was signed with Brazil's Votorantim Novos Negócios and its subsidiaries to acquire 100% interest in its iron ore subsidiary Sul Americana de Metais S.A., at a cost of up to $0.405 billion, and to build a large-scale integrated iron ore project in Brazil for open pit mining, beneficiation plants, transportation lines and ports with an annual output of 25 million tons of iron powder. On March 24, 2010, the entire issued share capital of Shanjun Limited (“Shanjun”) was acquired at a cost of 0.8 billion HK$80 million. After the acquisition is completed, the Group will directly own all of Shanjun's equity interests and will indirectly own 66% of Xianglan Do Brasil Mineracao Ltda's share capital (hereinafter collectively referred to as “Xianglan Brazil Group”). The main business of the Xianglan Brazil Group is research, exploration and commercial mining of mineral resources (manganese) in Brazil. On March 28, 2013, the Group paid the second instalment of $65 million to acquire 99.99% of SAM's shares. SAM became a subsidiary of the Group. On June 6, 2013, when the Group sold 100% of its shares in Yushan Jun Co., Ltd. to Brilliant People Limited, the total cost was approximately 0.7 billion HK$29.8 million. On January 17, 2014, the Group sold its wholly-owned subsidiary Divine Mission Holdings Limited to an independent third party for HK$3,600,000 in cash. Divine Mission Holdings Limited indirectly holds 60% of Jining Karen Photovoltaic Materials Co., Ltd. On September 26, 2014, the Group completed the acquisition of 90.68% interest in Kairong Investment Limited (“Kairong”) from Geely International (Hong Kong) Limited, Good Cheer Holdings Limited and Leads Top Limited. Kairong Investment's main asset is the total issued share capital of Shandong Hengyuan New Energy Technology Co., Ltd. (“Shandong Hengyuan”). Shandong Hengyuan is a company founded in Zoucheng, Shandong Province, China. It is mainly engaged in R&D, production and sales of lithium-ion power batteries in China. In addition to continuing to operate the mineral resource exploration and development business, the Group also hopes to actively seek investment and cooperation opportunities in the fields of resources and energy.