The Group’s minerals operation consists of metal mining, processing and selling of iron ore concentrate extracted from a magnetite iron ore mine acquired by the Group in September 2009, which is situated at the Guangdong Province, the PRC. The iron ore mine mainly contains iron ore resources with small amounts of copper, lead and tin resources. In addition, the Group owns a 6% interest in YTC Resources Limited (YTC) - a mineral company listed on the Australian Securities Exchange (http://www.ytcresources.com). The principal business of YTC includes tin, gold, copper and non-ferrous metals exploration. YTC has targeted a high quality portfolio of tin projects and gold-copper projects within the mineral rich New England and Lachlan Fold Belts of New South Wales in Australia.

The Group's trading operation is conducted through its subsidiary - Poly Metal and Minerals Limited (PMM). PMM is presently focused on trading of iron ore. Sourcing from suppliers from Australia, India, Indonesia and Middle East countries, PMM strives to provide quality products at competitive pricing to its customers in the Mainland.

The Group's securities operation consists of securities investment and securities brokerage. The securities brokerage operation is conducted through GT Capital Limited (http://www.gtcapital.com.hk), a subsidiary of the Group, which provides a professional investment platform and a comprehensive range of investment services to its clients.