Guangdong Rising Assets Management Co., Ltd. (hereinafter referred to as GRAM) is a solely state-owned company which was formally established on December 30th, 1999 by the approval of Guangdong provincial government. With the registration capital of RMB 1 billion, GRAM is one of the large state-owned companies which are directly under the regulation of State-owned Assets Supervision and Administration Commission of Guangdong Province. After 10 years development, GRAM is in harmonious development among the main business of mine industry and three supporting businesses, including Electrical information, tourism and real estate. Till end of 2011, the total assets of GRAM reached RMB73.184 billion and exceeded RMB100 billion on a fairy value basis. GRAM is the second biggest shareholder of China Telecom, majority shareholder of Shenzhen Zhongjin Lingnan Nonfemet Company Limited (stock no: 000060), Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (stock no: 000636) and Guangdong Rising Nonferrous metal Co., Ltd (stock no: 600259). Especially in the mining sector, GRAM not only owns 2 domestic listed companies, but also has acquired 4 overseas listed companies after the international economy crisis broke out. The controlled overseas mining resources locates in 4 continents and 6 countries, with 16 large mines and more than RMB1 trillion equivalent value against the resources including lead-zinc, copper cold, rare earth, coking coal etc. In Feb., 2012, GRAM established another company Guangdong Rare Earth Industry Group, which was a strong driving force to integrate the domestic medium and large-size rare earth resources and strengthen the rare earth industry in southern area.

GRAM has been appointed as the excellent contact for construction of the Party's working style and a clean & honest administration for many times by the CPC central Commission and Guangdong Provincial Commission for discipline inspection, ranked one of the top 10 model base for company culture construction in Guangdong province and awarded the tiles including Benchmarking Enterprise of Guangdong Province in 30 Years from Opening Up to the World Policy, Ten-year Achievement Award for China Hi-tech Industrialization, Top 10 Units with Outstanding Contribution to the Social Responsibility in Guangzhou, China, The Most Honest Enterprise in Guangzhou, China, Hongmian Award for Helping the Poor in Guangdong in 2010, etc. At present, under the idea of mining as main business and appropriate diversification, GRAM is positively following the instruction from the provincial party committee and government and striving to create the large state-owned holding group with international competitiveness.