Sino-Platinum Co., Ltd. (hereafter called the company) is a stock limited company established in September 2000 jointly by Kunming Precious Metals Institute as sponsor with other seven units such as Yunnan Copper Industry (Group) Co., Ltd., Hongta Innovation and Investment Co., Ltd., Yunnan Xingyun Investment Co., Ltd. affiliated to Yunnan Tobacco Corporation, Kunming Metallurgical Research Institute, etc. under the spirit that the State Council carried out a reform to the managerial system of 242 scientific research institutes and with the approval of the Document YunZhengFu [2000] No. 138 by the People’s Government of Yunnan Province. Its registered capital was RMB 85.95 million yuan. By the end of 2005 its total assets amounted to RMB 520 million yuan and net assets RMB 386 million yuan. In July 2005, in accordance with the plan of the provincial committee and government to integrate and restructure state-owned enterprises.