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2017/11/01 COAL MINING BUSINESS UPDATE
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Corporate Profile

Grand Ocean Advanced Resources Company Limited (“Grand Ocean” or the “Group”; SEHK: 00065)

is principally engaged in the production and sale of coal, as well as the provision of low-rank coal upgrading services through applying state-of-the-art patented technologies (X-B™), which is proven to produce higher quality, more efficient and cleaner thermal coal. Given the ongoing trends of industrialisation and urbanisation in key developing countries such as China, thermal coal remains the major source of power generation. With the increasing awareness of environmental issues and demand on higher quality of life, we expect a strong and continuous growth in global thermal coal consumption for the years to come.The Group’s coal related operations are based in a strategic location, Inner Mongolia, which possesses one of the richest low-rank coal reserves in China. The Group is therefore able to secure a stable raw material supply at competitive prices, while saving logistic costs.

The Group aims to be the world-leading coal-based integrated energy company. The Group’s vertically integrated coal-related business model (involving coal production, provision of low-rank coal upgrading services, coal trading and ever-improving technological development) and light-asset strategy are aimed to deliver sustainable growth, achieve profit maximisation, enhance shareholder’s value, while meeting growing demand for resources.

In 2001, the Group was successfully listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. Since June 2009, its shares have been transferred to and listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming one of the few Chinese coal mining and upgrading services companies listed on the Main Board.
 
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