June 8, 2011
CNR took the initiative in establishing the “ Development Cooperation Organization of a New Nickel-oxide Technology to Produce Nickel-iron” in Shanghai
●The Chairman and CEO of China Nickel Resources Holdings Company Ltd. (“CNR”), Mr. Dong Shutong, attended the 6th Asian Stainless Steel Convention which was held on the June 8, 2011 in Shanghai and took the initiative in establishing the aforesaid new organization. During the convention, Mr. Dong introduced a special topic, “the new technology of using nickel-oxide ore to produce nickel-iron” which was developed by the independent research of CNR. This technology can be directly applied to the oxidized nickel ore to produce nickel pellets which contains more than 8% of nickel. This can also be further processed to produce nickel stainless steel base material which contains more than 10% of nickel. Compared with traditional technology, the new technology has obvious advantages: lower energy consumption and cost, less environmental pollution, and smaller scale of investment. Now CNR has applied this new technology to its new plant in Lianyungang, and has successfully produced the stainless steel base material which contains 14% of nickel.
●As 65% of the global resources of nickel exist in the form of nickel oxide ore, the new technology is of great significance to the rational development of nickel resources, integrated stainless steel production and supply of raw materials. The speech of Mr. Dong Shutong aroused great interest and enthusiastic response of the participants. Mr. Dong also proposed the establishment of the“Development Cooperation Organization of a new nickel-oxide technology to produce nickel-iron”. This will mobilize enterprises that own capitals, technologies, resources and markets by using the new low-carbon technology to develop nickel-oxide ore jointly, to meet the demand of global stainless steel production, and to make contribution to the stainless steel industry's development as well as the human environment.

January 24, 2011
Received bearing steel "license for the manufacturing of national industrial products "
●Recently, Zhengzhou Yong Tong Special Steel Co., Ltd. received bearing steel "license for the manufacturing of national industrial products " issued by General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China. This license was issued in 2005. This time it is extended and some terms are added. In addition to the approved high-carbon chromium bearing steel hot-rolling round bar in the year 2005, after the sample testing of General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China, the license for the manufacturing of carburizing steels of bearing for freight rolling bearing was approved newly. Zhengzhou Yong Tong Special Steel has met all the requirements of the production of high-end bearing steel, and the product structure was further optimized.

January 14, 2011
Named Outstanding Resources Operator 2010
●China Nickel Resources has been named Outstanding Resources Operator 2010 as part of Quamnet’s Outstanding Enterprise Awards. During late 2010, China Nickel Resource has also completed its five-year development plan: “Two years for preparation followed by three years for strategic adjustment”. In the year ahead, the Group expects to benefit from both national directives and the prosperous industrial development in China.

December 03, 2010
Entered equity-linked term loan agreement
●China Nickel Resources announced, company and the lender have entered into agreement, pursuant to which (a) the facility in the amount equal to the US$ equivalent of RMB 330,000,000 (equivalent to approximately HK$384,310,782) is to be granted by the lender to the company on and subject to the terms and conditions of the agreement; and (b) the company has agreed, as a condition to the availability of the facility, to issue to the lender the warrants.
●The initial subscription price is HK$1.68, a premium of 15.9% to the closing price per share of HK$1.45 as quoted on the stock exchange on 2 December 2010, being the date of the agreement. Based on this initial subscription price, a total of 263,226,563 warrants shares may be allotted and issued, representing approximately 10.35% of the issued share capital of the company as enlarged by the warrant shares and the gross proceeds from the issue of the warrants shares will be HK$ 442,220,626.The company intends to apply the proceeds from the allotment and issue of any warrant shares as general working capital of the Group. The interest rate is 9.5% per annum, and the term is 24 months.
●According to the Agreement, the company intends to apply the net proceeds RMB317,400,000 of the Loan as (1) cash consideration under the offer to exchange the Existing 2010 CB for the new 2012 CB; or (2)investment in Lianyungang East Harvest Minerals and Lianyungang East Harvest Mining Company Ltd, companies established in the PRC and subsidiaries of the company, as registered capitals or shareholder loans for the construction, development and ownership of a ferro-nickel project by such companies.

November 30, 2010
The first production line of Lianyungang project operates
●China Nickel Resources announced that the first production line of the "Lianyungang project", belonging to East Harvest Mining Limited Company, subsidiary of the Group, in Lianyungang City of Jiangsu Province, has been successfully completed, and has been put into operation after its pilot run.
●The Group adopts the low-carbon energy-saving technology to produce first batch products and the quality of the products, after inspection, is in line with expectations.
●The Group will be approaching the commissioning stage of the remaining 9 production lines before their coming into operation and is expected to be completed by the end of first quarter of next year.

November 12, 2010
$1.375B new bonds issued
●China Nickel Resources announced that all the conditions precedent of the consent solicitation and the offer have been fulfilled, and the new bonds in the principal amount of HK$1.375 billion have been issued on 12 November 2010. The cash consideration in the total amount of HK$274.96 million will be paid by the company to existing bondholders who have accepted the offer on 13 December 2010.
●As existing shareholders holding approximately 97.85% of the outstanding principal amount of the existing bonds have irrevocably accepted the offer, the outstanding principal amount of the existing bonds has been reduced to HK$30.2 million.

November 1, 2010
A few large mid to long-term sales agreements signed with major steel companies in Mainland China
Lianyungang project has begun pilot production
●China Nickel Resources announced the Group has signed a few large mid to long-term sales agreements with major steel companies in Mainland China in October 2010 and the Group is also actively negotiating with other major steel companies to enter into the purchase and sale arrangements. The Group is expected to conclude more sale orders and make the sales of the company increase efficiently. Meanwhile, China Nickel Resources announced The Lianyungang project of Lianyungang East Harvest Mining Limited Company, a subsidiary of the group, has begun pilot production.
●Further the group flexibly integrates the capacity of East Harvest Mining and the processing capacity of Yongan Special Steel and Yongtong Special Steel to response to the market economy: nickel output of East Harvest Mining can be sold directly to the third party and it can also be supplied to the Yongan Special Steel and Yongtong Special Steel to further be processed into stainless steel series or alloy steel products, then be sold to the third party. The Board considers that this integration arrangement can make full use of the Group’s overall cost advantage, thereby enhance the overall economic value.

October 20, 2010
CNR plans to exchange bonds with new bonds
●China Nickel Resources has proposed amendments to the terms of its HK$2 billion Zero Coupon Convertible Bonds due 2012 (the Existing Bonds) and is inviting eligible holders of the outstanding Existing Bonds to tender their Existing Bonds for exchange for an Exchange Consideration.
●The Exchange Consideration will comprise a cash payment of HK$20,000 and HK$100,000 in nominal amount of New Bonds for each HK$100,000 in principal amount of Existing Bonds validly tendered and accepted by the company for exchange pursuant to the offer. The New Bonds are 10% convertible bonds due 2012 to be issued pursuant to the terms of the offer.
●The initial New Bonds Conversion Price will be HK$1.541 per share, representing a premium of approximately 3.4% over the closing price of HK$1.49 per share as quoted on the Hong Kong Stock Exchange on 18 October 2010.

October 18, 2010
The trade volume of ores in the first half of this year exceeded the original target
●China Nickel Resources announced that since the group started to sell ores to the third-party in the end of the last year, the result has been satisfactory. The trade volume of ores in the first half of this year is approximately 700,000 tonnes which exceeded the original target of 600,000 tonnes.
●The group entered into an agreement with an independent mineral resources company in the PRC, to sell the Indonesia ores at a fixed price for five years, and the monthly delivery will be about 200,000 wet tonnes. The first batch of goods under this agreement will be delivered in November 2010.

September 27, 2010
Lianyungang project will begin pilot production next month
No restriction on the power supply
●The main part of Lianyungang Project of Lianyungang East Harvest Mining Co., Ltd, a subsidiary of CNR HOLDINGS in Jiangsu Province, has successfully completed and the majority of the equipments are undergoing commissioning stage before mass production. The Group has been informed that there shall not be any restriction on the power supply to this project. As scheduled, the Lianyungang Project will run smoothly, and will begin pilot production next month.
●The Technological Upgrades and Improvements Project of Luoyang Yongan Special Steel Company Limited and Zhengzhou Yongtong Special Steel Company Limited, both located in Henan Province, have also been successfully completed.

August 24, 2010
China Nickel appoints ex-top rank Indonesian official as independent non-executive director
●CNR HOLDINGS announced that an ex-top rank Indonesian official Mr. Idris has been appointed an independent non-executive director of the Company, with effect from 24 August 2010. He is appointed for a term of three years and is entitled to an annual remuneration of HK$200,000.
CNR turns around, 1H NP RMB15M; div HK$0.002
●China Nickel Resources Holdings had a net profit of RMB15.283 million for the six months ended 30 June 2010, compared to the net loss of RMB79.85 million for the same period in 2009. The EPS were RMB0.0071. An interim dividend of HK$0.002 per share is declared.

June 28, 2010
CNR's PRC project plans to begin pilot production in Aug
●China Nickel Resources announced that its Lianyungang Project in Lianyungang City, Jiangsu Province is progressing well on track. The construction of main work and most of production facilities are ready for testing and calibration.
●CNR intended to start the electricity supply system of the completed production facility, hold the lighting of furnaces and commence testing and calibration on the No. 1 Tunnel Furnace on 29th June. The supplementary construction and installment of other facilities will be completed and will commence pilot production in August.
●In order to optimize the results of the Lianyungang Project, the CNR group has engaged HATCH, an internationally renowned consultant on metallurgical construction projects, in June this year to conduct an independent professional assessment of the project prior to its commencement of production. The assessment is currently under progress.
●CNR added that the Lianyungang Project has received several grants and supports from the People's Government of Lianyun District in Lianyungang City, including the preferential tax treatment applicable to national development zones, facilitating the customs clearance, introducing personnel for enterprises, allowing the use of water for production and establishing self-use terminal.

May 13, 2010
The first 4 months ore trading volume >400K tonnes
●China Nickel Resources announced that based on its sales book for the first four months in 2010, the trading volume of ore business exceeded 400,000 tonnes with reasonable margin per tonne.

April 27, 2010
CNR's Transformation Almost Completed, Expects for Rapid Growth
●China Nickel Resources said its annual turnover was RMB888 million for the year ended 31 December 2009, down 40.1% year-on-year. Net loss was RMB332 million, compared to a net profit of RMB37.4 million last year. Loss per share was RMB0.159 versus earnings per share of RMB0.018. The board does not recommend any final dividend.
●The group explained that the drop in turnover was a result of declining demand in the international steel market, the weakening commodity pricing, as well as the impact from trade protectionism. In addition, the adverse market conditions have trigged the prices of the group's major products to fall sharply during the year. The average price of stainless steel base material plummeted from RMB7,622 per tonne in 2008 to only RMB4,080 per tonne, causing turnover to decrease by approximately RMB500 million, when count in the sales quantity of about 140,000 tonnes.
●Therefore, the group has adjusted its marketing strategy and tightened its cost control measures, and subsequently reduced its cost of stainless steel base material per tonne by RMB1,782 and the total cost of base material by approximately RMB250 million. Moreover, such cost reduction could be even greater if excluding the portion of the group's high-cost inventory that was produced in 2008, when prices were high.
●Dong Shutong, chairman and CEO of the group, concluded, "Looking ahead, there are still huge upward potential in nickel demand in China, and the price of nickel has already recovered from its lowest point in 2009. While the external environment is improving, the management has set out clear sales targets for 2010". Therefore the management is very confident to turnaround from loss to profit."

April 26, 2010
About 15% of the outstanding 2007 Bonds accepted the call option is not exercised
●China Nickel Resources announced the latest progress in relation to that the holders of the Bonds issued on 12 December 2007 have been invited not to exercise the right of redemption at the option of the holders. As at to the payment date, Bondholders has submitted valid instructions to participate in proposals of the sale and aggregate principal amount involved and agreed to enter into agreements is 210.7 million, accounting for approximately 15% of the current non-exercised bonds.
●The relevant Bondholders are eligible to receive HK$20000 per HK$100000 in principal amount of the Bonds which are the subject of such Instructions (the “Consent Consideration”) on 12 November 2010(the “Payment Date”). Bondholders who do not wish to participate in the Proposal will continue to be entitled to exercise their respective rights under Condition 8 (D) (Redemption at the option of the Bondholders) of the Bonds.
●In few days ago, China's nickel resources invited each Bondholder, by the way of a Solicitation Memorandum all Holders, to enter into an agreement with the Company to the effect that such Bondholder will not exercise its right to require the Company to redeem the Bonds held by such Bondholder pursuant to Condition 8(D) (Redemption at the option of the Bondholders)of the Bonds, in consideration for the payment by the Company to such holder of the Consent Consideration on the Payment Date.

January 28, 2010
●China Nickel Resources held Extraordinary General Meeting and announced the approval by shareholders for the Group to renew the annual cap of the exclusive off-take agreement for the procurement of ores signed between S.E.A. Mineral. Limited, its indirect wholly-owned subsidiary,and PT Yiwan Mining. The increased procurement plan will be in line with the Group’s sales expansion to meet strong market demand and present the Group an additional income stream.

January 25, 2010
●China Nickel Resources held in Hong Kong a press conference on progress of project and recent business development. During the conference, the Company announced the three points below:
  ⑴ Henan Yongtong Nickel Co., Ltd., a wholly-owned subsidiary of the Company, located in Gongyi, Zhengzhou, Henan Province, the PRC, has successfully completed the Integrated Processing of Limonitic Lateritic Nickel Ore Project. The project was granted a certificate of accreditation by China Nonferrous Metals Industry Association on 20 January 2010. The technology was thereby officially registered as an innovative and applicable technology of an internationally leading level.
  ⑵The one-million-tonne ferro-nickel project of Lianyungang East Harvest Minerals Co., Ltd., a wholly-owned subsidiary of the Company in Lianyungang, commenced construction on 28 October 2009. The current site preparation progress is smooth and on schedule. Suppliers of production equipment are ready to commence installation work. The management of the Company is satisfied with the progress of the Ferro-Nickel Project and believes that the construction will be completed around the middle of this year and that will commence operation in the second half of this year.
  ⑶Since May 2007, the Company has purchased ores from PT Yiwan Mining in Indonesia for its production base in China at a fixed price under an exclusive off-take agreement. In view of the increasing demand for and market prices of ore resources, the Company has capitalized on its affluent ore resources to achieve business diversification and growth of revenue by selling a portion of its ore resources under the exclusive off-take agreement to third parties since January this year. The management of the Company believes that this will generate additional stable income and supplement the Group’s principal businesses.

January 13, 2010
● Technology upgrades and improvements have been conducted in two existing plants in Zhengzhou and Luoyang, Henan province, the PRC, including the upgrade and improvement of 18 sets of 3-tonne electric slag furnaces, 2 Φ1.2m vertical casters, a 1,600-tonne fast forging unit, wide slab casting unit and stainless steel wire products, enabling the production of special steel products with higher added value.

October 28, 2009
● The Group announced the completion of acquisition of the project in Lianyungang, Jiangsu province, the PRC on 28 October 2009 which is operating as scheduled. The production capacity of 1,000,000 tonnes of ferro-nickel scheduled for the initial phase is expected to commence in the second half of 2010. The processing capacity of 4,500,000 tonnes of dry ores scheduled for the subsequent phase is expected to commence construction in 2011, whereupon the annual production capacity for such plant of nickel and cobalt, chromic oxide and fine iron powder will be 35,000 tonnes, 120,000 tonnes and 3,000,000 tonnes, respectively. The project company is named as Lianyungang East Harvest Co., Ltd. This project became one of the major wholly-owned subsidiaries of the Company. The non-coke reduction technology it employs will set a new benchmark for clean and efficient reduction technology in China..

As of September 24, 2009 (2009 Interim Results Announcement)
● Two existing plants in Henan province have maintained normal operations.
● The Group has completed the construction of its pilot plant in Zhengzhou, Henan province, the PRC with an annual processing capacity of 330,000 tonnes of dry ores. Certain new technologies have been proved to be effective within an industrial environment and are ready for large-scale production. The Group’s nickel refinery plant at the same location is scheduled to be completed by the end of 2011 with an annual capacity of 30,000 tonnes of nickel and 3,000 tonnes of cobalt.
● The Mandan Project in Indonesia is currently under the preparation of the construction of the factory. The Group plans to apply the non-coke reduction technology in this new factory.

September 16, 2009
● China Nickel Resources announced to acquire a ferro nickel alloy project in Lianyungang at a total consideration of RMB 196,000,000. The Group has signed a conditional acquisition agreement with the vendor and the consideration of which will be settled by the proceeds obtained from the issuing convertible bonds and internal resources.

August 24, 2009
● The business delegation of Henan Province and the Ministry of Industry of Indonesia entered into the “Memorandum of Understanding for the Reinforcement of Industrial and Technological Cooperation” on the first session of the economic cooperation conference co-organised by both parties. The most significant cooperation was the special steel project (“Mandan Project”) which was entered into by and among the Group through Zhengzhou Yongtong Special Steel Co., Ltd. and PT Mandan Steel (“Mandan Steel”), a wholly-owned subsidiary of CNR Group Holdings Pte., Ltd. in Singapore.

August 5, 2009
● Full resumption of production
● Henan Yongtong Nickel Co., Ltd. (the “Nickel Company”), a wholly-owned subsidiary of the Company has completed the installation of the first production line for ore separation on schedule. Currently it is under industrial trial run and operating smoothly. After integration and adjustment, it is expected to produce revenue for the Group in 2010.
● PT Mandan Steel, a wholly-owned subsidiary of the Company is now processing all necessary preparatory work for the construction of a plant and is preparing to proceed relevant environmental assessment work.

January 6, 2008
● A subsidiary of China Nickel Resources decided to purchase a plant located in Gongyi, Henan province, the PRC to build a pilot plant and a nickel refinery.

January, 2008
● The Group announced that PT Mandan Steel was incorporated in Indonesia and a plant will be established adjacent to the mine which the Group has an exclusive offtake right to produce ore.

October, 2007
● CNR Group Holdings Pte. Ltd. was incorporated in Singapore for investment in Indonesian steel plants. It is positioned as a center of overseas trading.

August 18, 2007
● The Group acquired Xiangtong Electricity from an independent third party.