PDF《Contents》

Contents

2011 Annual Report Huili Resources (Group) Limited

1 Corporate Information

2 Group Structure

3 Mines Information

4 Chairman Statement

7 Management Discussion and Analysis

9 Profiles of Directors and Senior Management

14 Report on Corporate Governance

26 Report of the Directors

31 Independent Auditor'

s Report

39 Consolidated Balance Sheet

41 Balance Sheet

43 Consolidated Statement of Comprehensive Income

44 Consolidated Statement of Changes in Equity

45 Consolidated Statement of Cash Flows

46 Notes to the Consolidated Financial Statements

47 Four Years Financial Summary

103 2 Huili Resources (Group) Limited

2011 Annual Report Corporate Information BOARD OF DIRECTORS Executive Directors Mr.

Wang Dayong (Chairman) Mr. Lu Qi Mr. Zhao Guangsheng Mr. Wu Guangsheng Mr. Zhao Bochen Non-Executive Directors Mr. Xue Di'

an Mr. Liu Tongyou Independent Non-Executive Directors Mr. Cao Shiping Mr. Cao Kuanyu Mr. Sin Lik Man AUDIT COMMITTEE Mr. Sin Lik Man (Chairman) Mr. Cao Shiping Mr. Cao Kuangyu REMUNERATION COMMITTEE Mr. Cao Kuangyu (Chairman) Mr. Lu Qi Mr. Sin Lik Man NOMINATION COMMITTEE Mr. Wang Dayong (Chairman) Mr. Cao Kuangyu Mr. Sin Lik Man AUTHORISED REPRESENTATIVES Mr. Wang Dayong Mr. Ip Wing Wai COMPANY SECRETARY Mr. Ip Wing Wai INDEPENDENT AUDITOR PricewaterhouseCoopers

22 Floor, Prince'

s Building Central, Hong Kong LEGAL ADVISERS as to Hong Kong law Reed Smith Richards Butler as to PRC law Global Law Office as to Cayman Islands law Conyers Dill &

Pearman COMPLIANCE ADVISER China Everbright Capital Limited 17/F, Far East Centre

16 Harcourt Road Hong Kong REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS In the PRC No.

38 Guangchang Bei Road Hami City Xinjiang Uygur Autonomous Region PRC In Hong Kong 20th Floor, Alexandra House

18 Chater Road Central, Hong Kong SHARE REGISTRAR AND TRANSFER OFFICE In the Cayman Islands Codan Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box

2681 Grand Cayman KY1-1111 Cayman Islands In Hong Kong Tricor Investor Services Limited 26th Floor, Tesbury Centre

28 Queen'

s Road East Wanchai Hong Kong PRINCIPAL BANKERS In the PRC Industrial and Commercial Bank of China In Hong Kong China Construction Bank Corporation Hong Kong Branch China Construction Bank (Asia) Corporation Limited Taiwan Shin Kong Commercial Bank Co., Ltd., Hong Kong Branch COMPANY WEBSITE www.huili.hk STOCK CODE

1303 3

2011 Annual Report Huili Resources (Group) Limited Group Structure

4 Huili Resources (Group) Limited

2011 Annual Report Mines Information MINERAL RESOURCES AS OF

31 DECEMBER

2011 Quantity Ni Grade Cu Grade Ni metal Cu metal Project name Classification (kt)t) (t) Project No.

2 Measured Indicated

910 0.64 0.25 5,790 2,280 Inferred

570 0.49 0.22 2,820 1,270 Sub-total 1,470 0.58 0.24 8,610 3,550 Project No.

20 Measured Indicated 1,330 0.71 0.24 9,430 3,150 Inferred 1,260 0.69 0.25 8,660 3,160 Sub-total 2,590 0.70 0.24 18,090 6,310 Project H-989 Measured Indicated 3,390 0.49 0.23 16,540 7,750 Inferred 2,370 0.51 0.19 12,100 4,390 Sub-total 5,760 0.50 0.21 28,640 12,140 Grand total Measured Indicated 5,630 0.57 0.23 31,770 13,180 Inferred 4,200 0.56 0.21 23,580 8,810 Total 9,830 0.56 0.22 55,340 21,990 Quantity Zn Grade Pb Grade Zn metal Pb metal Project name Classification (kt)t) (t) Project Baiganhu Measured Indicated 1,730 6.57 4.13 113,540 71,440 Inferred 2,150 6.42 3.96 137,910 85,140 Total 3,880 6.49 4.03 251,450 156,580 Quantity Au Grade Au metal Project name Classification (kt) (g/t) (t) Project Huangjinmei Measured ― ― ― Indicated 1,310 2.84 3.7 Inferred 1,870 3.00 5.6 Total 3,180 2.95 9.4