APPENDIX V INDEPENDENT TECHNICAL REPORT Technical Review of China Hanking’s Mine Projects in Fushun City and Benxi City, Liaoning Province, China Report prepared for China Hanking Holdings Limited Report Prepared by – V-1 – APPENDIX V INDEPENDENT TECHNICAL REPORT Technical Review of China Hanking’s Mine Projects in Fushun City and Benxi City, Liaoning Province, China for China Hanking Holdings Limited No. 227, Qingnian Street Shenhe District Shenyang 110015, Liaoning Province The PRC SRK Project Number SCN252 SRK Consulting China Ltd. B1205, COFCO Plaza, 8 Jianguomennei Dajie Dongcheng District, Beijing 100005 Contact: Dr. Yiefei Jia Telephone No.: +86 10 6511 1053 Email:
[email protected] URL: www.srk.cn 20 September 2011 Compiled by: Endorsed by: Dr. Yiefei Jia, MAusIMM Mike Warren, FAusIMM Principal Consultant Principal Consultant (Geology) (Project Evaluations) Authors: Jinhui Liu, Pengfei Xiao, Zhongxin Guo, Haixiang Zhang, Hong Gao, Peter Smith, Dr. Yiefei Jia Peer reviewers: Dr. Anson Xu (internal), Mike Warren (external) – V-2 – APPENDIX V INDEPENDENT TECHNICAL REPORT EXECUTIVE SUMMARY China Hanking Holdings Limited (together with its subsidiaries, ‘‘China Hanking’’, ‘‘the Company’’ or ‘‘the Client’’) commissioned SRK Consulting China Ltd. (‘‘SRK’’) to undertake an independent expert review of all relevant technical aspects of the Company’s three iron operating mines and associated five ore processing plants in Fushun City and one operating iron mine with one ore processing facility in Benxi City, Liaoning Province, People’s Republic of China (PRC). The SRK Independent Technical Report (‘‘ITR’’) was required for inclusion in documents for its proposed listing (‘‘Proposed Listing’’) on the Main Board of the Stock Exchange of Hong Kong Limited (‘‘HKEx’’).