APAC Resources Limited

APAC Resources Limited is an investment holding company. As at December 31, 2007, the Company operated in three main business segments: trading in base metals; trading in fabric products and other merchandises, and trading and investment of listed securities. It has its operations in Hong Kong, People’s Republic of China, Australia, South East Asia, United States of America and Africa. APAC Resources Limited’s subsidiaries include Asia Cheer Trading Limited, First Landmark Limited, Sino Chance Trading Limited, Sky Joy Management Limited, Net Success Investments Limited, Fortune Desire Investments Limited, Mount Sun Investments Limited and Super Grand Investments Limited. On January 23, 2008, the Company, through its direct wholly owned subsidiary, APAC Resources Strategic Holdings Limited, acquired Metals X Limited.