Minmetals increased its holdings in Xiamen Tungsten Industry

On August 15, 2008, the company received the notice from Minmetals Nonferrous Metals Co., Ltd., the second largest shareholder of the company, and its concerted action, Minmetals Investment Development Co., Ltd., Minmetals Nonferrous Metals Co., Ltd. and Minmetals Investment Development Co., Ltd. The company recently increased its holdings of 34,110,126 shares (shareholding ratio of 5.00%) of the Company through centralized trading of stock exchanges. As of August 15, 2008, China Minmetals Nonferrous Metals Co., Ltd. held 141,935,188 shares of the company (including 76,027,528 shares of unrestricted shares and 65,907,660 shares of restricted shares), with a shareholding ratio of 20.81%; Minmetals Investment Development Co., Ltd. holds 32,510,198 shares of unrestricted shares of the Company, with a shareholding ratio of 4.77%; the two companies hold a total of 174,445,386 shares of the company, with a shareholding ratio of 25.58%. For details, please refer to Xiamen Tungsten Co., Ltd. Statement of Changes in Equity.

Special announcement.

Xiamen Tungsten Industry Co., Ltd.

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