Company Profile

Aowei Holding Limited (the “Company”) was initially incorporated in the British Virgin Islands under the laws of the BVI on 14 January 2011 and redomiciled to the Cayman Islands on 23 May 2013. The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) on 28 November 2013 (stock code: 1370).

The Company and its subsidiaries (together the “Group” or “we” or “our”) are principally engaged in the exploration, mining, processing and trading of iron ore products and major products include iron ores, preliminary concentrates and iron ore concentrates. The Group owns and operates three mines in Hebei Province, which has the largest steel production and iron ore consumption volumes in the PRC.

Our company is designated by the Hebei Provincial government as a consolidation principal to integrate mineral resources in Laiyuan County. Our company has successfully completed the consolidation work during the years from 2008 to 2014, and consolidated adjacent small-scale iron ore mines which became a part of our three mines. As at 31 December 2014, the Group had approximately 394.8 Mt of indicated resources, approximately 307.8 Mt of probable reserves and approximately 223.7 Mt of inferred resources of iron ores in aggregate.

Leveraging our low cash operating costs, strategic location, experienced and stable management team, commercially attractive attributes of our products and strong growth potential through our expansion of mining and processing capacities, we believe that we are well-positioned to benefit from the significant shortage in domestically produced iron ore products in China, especially in Hebei and Shanxi Provinces.

While ensuring the stable operation of the existing iron ore business, The Company  with ecological preservation as the priority and green development as the orientation, the Company has begun its preparation work for the construction of Jiheng Mining 3.7 million t/year solid waste utilization project in early 2019, used the tailings and solid wastes to processes sand and gravel for construction, which can not only promote energy conservation and emission reduction and effectively carry out governance and recovery of regional ecological environment, but also realize sustainable development of mine resources, thus reducing the operating costs of the Company’s iron ore business and achieving economic benefits. To carry out green construction materials business through solid waste utilization will be a favorable development direction for the Company to build green and environment friendly eco-economic system.