Nanan Resources Industrial Co., Ltd. is an emerging resources company focused on acquiring potential resource projects. In addition to the company's trading business for old clocks and other office products, we are now mainly concentrating on the acquisition of resources. In 2009, the Company acquired two coal mines located in Changji Prefecture, Xinjiang, China by acquiring 51% of the shares of Xingli Fuxin International Investment Co., Ltd. and indirectly holding shares in BenQ Kaiyuan Investment Co., Ltd. (“BenQ Kaiyuan”). BenQ Kaiyuan has two wholly-owned subsidiaries: Mulei County Kaiyuan Coal Co., Ltd. (“Mulei Kaiyuan”) and Qitai County Zexu Trading Co., Ltd. (“Zexu Trading”). Mulei Kaiyuan owns the Kaiyuan open-pit coal mine. Its business is mainly mining, sales and distribution of coal mines, while Zexu Trading holds exploration licenses for the Zexu open-pit coal mine.
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