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China Silver Group Introduces Strategic Shareholders Jointly Promote the Construction of a Value-Chain Integrated E-commerce Platform for Gold, Silver and Jewellery


HONG KONG, 2 November 2014 – Leading Chinese silver brand China Silver Group Limited (“China Silver Group” or “The Group”; Stock Code: 815.HK) is pleased to announce the introduction of Mr. Luo Shandong and Mr. Zhu Xiaolin, both veteran investors in the mining and property development in the PRC, as strategic shareholders, to jointly promote the construction of a value-chain integrated leading e-commerce platform for silver, gold and jewellery products in the PRC.
 
Mr. Luo and Mr. Zhu will subscribe approximately 14.73% and 1.84% respectively of the enlarged share capital of the Group at HK$1.51 per Subscription Share in cash, making them major shareholders of the Group. The shares are subject to a lock-up period of six months.
 
Mr. Luo Shandong and Mr. Zhu Xiaolin are both veteran investors in mining and property development in the PRC, with years of experience in developing mining resources, commercial and retail properties and related investment experience. Mr. Luo and Mr. Zhu will input their energy and resources to promote the integration of the Group’s upstream and downstream resources and speed up the development in downstream O2O retailing business. Through expansion of product categories and acquisition of upstream resources, the Group aims to build a leading integrated e-commerce platform for silver, gold and jewellery products in the PRC.
 
Mr. Chen Wantian, Chairman and Chief Executive Officer of China Silver Group, said: “We welcome Mr. Luo Shandong and Mr. Zhu Xiaolin to become our strategic investors. Their abundant investment and management knowledge in the mining industry will benefit the Group in its integration of upstream and downstream resources and to build a leading integrated e-commerce platform for silver, gold and jewellery products in the PRC. E-commerce is developing rapidly in the PRC and is penetrating into and overturning many traditional industries in all aspects. This year, the Group has officially tapped into the downstream silver retailing business and launched our e-commerce platform “金銀貓 www.csmall.com”. Looking ahead, through effective vertical integration, we hope to achieve better control on our product quality, reduce intermediate costs and enhance our competitive advantage in quality, cost and credibility so as to enhance our leading position in the industry.”
 
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About Mr. Luo Shandong:
Mr. Luo Shandong is the founder of Hunan Toener Investment Group Limited (“湖南東能投資集團有限公司”), a conglomerate engaged in mining and property development in the PRC. The conglomerate owns over ten precious metal and non-ferrous metal mines in the PRC and engaged in property development including commercial and retail properties in over ten major cities such as Shenzhen, Chengdu, Wuhan, Changsha, etc. in the PRC. Mr. Luo has over twenty years of corporate management experience.
 
About Mr. Zhu Xiaolin:
Mr. Zhu Xiaolin is the founder and chief executive officer of Uni Global Power Pte. Ltd., a company engaged in investment in mining resources and property development in emerging market. Mr. Zhu previously held senior positions in well-known Fortune 500 companies such as Motorola, Siemens and the New Hope Group. Mr. Zhu is experienced in corporate management and has over ten years of experience in mining management, listing and capital market operation.
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