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About Shenghe Resources Holding

Shenghe Resources Holding Co. Ltd

(SSE 600392), (Shenghe) is a public company exclusively focused on

mining and processing rare earth ores, and producing high purity rare earth oxides, metals and alloys

along with a range of rare earth products. Shenghe is listed on the Shanghai Stock Exchange (since 2012)

and, as at 20 September, 2016 had 941M shares on issue and a market capitalization of approximately

RMB14.3 billion or AUD $3 billion.

Shenghe has three major shareholders. The Institute of Multipurpose Utilization of Mineral Resources

(IMUMR), a state owned scientific research institute specializing in mineral resources, holds just over

20%, Mr Quangen Wang, former engineer of IMUMR holds ~10% and the Sichuan Giastar Enterprise

Group, a private company involved in natural resources holds ~8%.

Shenghe is headquartered in Chengdu, Sichuan Province and is a single industry company with mining

and processing activities in a number of Chinese centres, and has commenced the strategy of extending

business outside China to increase the focus on international markets. Shenghe is involved at all levels of

the rare earth industry, from mining through processing to the production of end products.

The Shenghe Group

;

controls domestic sources of rare earth ores and concentrates

controls significant rare earth separation capacity in China

produces rare earth metals and alloys to the highest purities

produces “end use” rare earth products – polishing powders, catalysts, molecular sieves

has an established international customer base for its products

Significantly, Shenghe also holds Chinese production quotas for the mining and separation/refining of

rare earths.

International Strategy

Shenghe has also commenced the path of international orientation since 2013.

In 2013 Shenghe established Sheng Kang Ning Mining Investment (SKN) as the platform for

overseas investments in rare earths and rare and precious metals.

In 2015 Shenghe established Shenghe Resources (Singapore) PTE.LTD as the platform for trade

and investment.