ANNUAL REPORT 2007 CORPORATE DIRECTORY Directors Jianming Xiao – Chairman Anthony Wehby – Vice Chairman Stephen Woodham – Non-Executive Director Wenxiang Gao – Non-Executive Director Robin Chambers - Non-Executive Director Richard Hill – Non-Executive Director Company Secretary Mr Matthew Sikirich Registered Office and Principal place of business YTC Resources Limited 2 Corporation Place ORANGE NSW 2800 Telephone: (02) 6361 4700 Facsimile: (02) 6361 4711 Email:
[email protected] Share Register Security Transfer Registrars Pty Ltd 770 Canning Highway Applecross WA 6153 Telephone: (08) 9315 2333 Facsimile: (08) 9315 2233 Stock Exchange Listing YTC Resources Limited shares are listed on the Australian Stock Exchange, the home branch being Perth ASX Code: YTC Auditors Ernst and Young 11 Mounts Bay Road Perth WA 6000 * Pictures in this report may not represent assets of the Company. CONTENTS REVIEW OF ACTIVITIES....................................................5 DIRECTORS’ REPORT.....................................................18 CORPORATE GOVERNANCE STATEMENT...............................29 INCOME STATEMENT......................................................32 BALANCE SHEET..........................................................33 STATEMENT OF CHANGES IN EQUITY..................................34 CASH FLOW STATEMENT.................................................34 NOTES TO THE FINANCIAL STATEMENTS..............................35 DIRECTORS’ DECLARATION..............................................57 AUDITOR’S INDEPENDENCE