BUSINESS

Our company is an investment company, the group's principal businesses include iron mining businesses; securities and gold trading; and property investments

1. Iron Ore Mining Business:

In view of the continued economic growth and accelerated industrialization and urbanization in the PRC, there will be sustained demand for natural resources in long run, despite the current slump in mineral prices. The Directors believe that the demand for natural resources will be considerable and the Company's growth momentum will be maintained by diversifying into the natural resources area.

The Group has started diversifying its business into natural resources area in 2009 by acquiring the mining right of an iron ore mine in the Republic of Mongolia.

In addition, in 2010, the Group acquired 55% of the trading of iron sand business in Indonesia. Our business involves in the mining management, sales and assistance to the export of iron sands in Indonesia, and resell it to the China or other buyers and steel factory used. (For details, please visit: http://www.dampargolden.com)

2. Property Business:

The Group engages in property investment and development business in the PRC.

Property investment:

Hangzhou Properties

  • Since obtaining ownership of two properties in Hangzhou, PRC on 22 January 2013, the management of the Company has decided to run a patisserie coffee shop and build an indoor recreation playground in the vicinity of the properties to enhance their value. The official opening of the playground and the coffee shop for business were on 23 April 2014 and 15 August 2014 respectively.
Yantian Properties
  • Comprises of forty six units of Kingma Information Logistic Park (金馬訊息物流園), with a total saleable area of approximately 8,699 square metres. (Details of which were disclosed in the announcements dated 24 June 2014 and 15 April 2015).
  • Comprises of thirty units of Kingma Information Logistics Park (金馬訊息物流園), with a gross floor area of approximately 5,400 square metres. (Details of which were disclosed in the announcement dated 15 May 2015).
Zengcheng Properties
  • Comprises of ten villas in a residential complex in Zengcheng, with a total gross floor area of approximately 1,739 square metres. (Details of which were disclosed in the announcement dated 17 March 2015).
  • Comprises of a portion of two four-storey (excluding of a single-storey basement) commercial buildings in a commercial and residential development project known as Jinma Waterfront Square (金馬水岸廣場), with a total gross floor area of 8,562.52 square metres. (Details of which were disclosed in the announcement dated 15 April 2015).
  • Comprises of a portion of two four-storey (excluding of a single-storey basement) commercial buildings in a commercial and residential development project known as Jinma Waterfront Square (金馬水岸廣場), with a total gross floor area of approximately 4,200 square metres. (Details of which were disclosed in the announcement dated 5 June 2015).
  • Comprises of twenty units of commercial property in a shopping arcade and twenty four units of residential property in three residential buildings in a commercial and residential development project known as Jinma Donghu Residence(金馬東湖居), being forty four units of property, with a total gross floor area of approximately 7,000 square metres. (Details of which were disclosed in the announcement dated 27 August 2015).

Property development:

Dalian Project
  • Since completion of the acquisition, Dalian Chuanghe Landmark Co. Ltd. (大連創和置地有限公司) continues engaging in the development of urban land for residential purpose in the real estate sector and as planned to develop 55 buildings on the said Land with 21 buildings in the first phase (“Phase I”) and 34 buildings in the second phase (“Phase II”). Currently, Phase I is still under development. The name of the property under development is “Xin Tian Jia Yuan” (心田佳苑). Phase I has completed approximately 97%. Phase II is expected to commence the construction work in late 2015.

3. Securities and Gold Trading:

The Group has further invested in securities and gold trading businesses in Hong Kong with an aim to generate positive contribution to the Group. The management will continue strengthening its properties investment segment and to explore opportunities for business diversification in order to improve its earning base.。