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Created: 06/20/2006 10:12:21 AM - Followers: 14 - Board type: Free - Posts Today: 0

Qiao Xing Universal Resources, Inc. (Qiao Xing) is engaged in the sale of molybdenum concentrates in the People's Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.

 

  

Home - Corporate Governance -Managment of Resource Business

Liu Zhe
Age: 46                 
Professional Title: Senior engineer

Position: General Manager and General Engineer, Smelting

Education:
July1985, Mr Liu earned his bachelor’s degree in Chemical Engineering from University of Science &Technology Beijing.
2005, Mr Liu obtained his MBA degree form Capital University of Economics and Business

Working experience:
Mr. Liu has 24 years of experiences in the metallurgy industry.
September 2007 –present, Mr. Liu acted as Deputy General Manager & General Engineer with Chifeng Fubang Copper Co., Ltd
2004-2007,Mr. Liu served as Deputy General Manager and General Engineer with Baotu Huading Copper Co., Ltd
1998-2003, Mr. Liu worked as Deputy Factory Director and Senior Engineer successively with Baotu Copper Smelting Factory.                                          
1985-1998, Mr. Liu severed as Engineer Trainee and Engineer successively with Baotu Design & Research Institute of Steel & Iron, which is under the Ministry of Metallurgy Industry of PRC.

 

Kang Jianguo

Age: 52  
Position: President 
 Education: College Diploma Holder  
   
Working experience:
In addition to his experience in the mining and metallurgy industries, Mr. Kang has nearly 20 years of working experience with government departments. This is very helpful for the Company to develop its resources business in China.
May 2004-2009, Mr. Kang acted as Consultant to the Economic Commission of Linxi County.
July 1997-May 2004, Mr. Kang acted as Plant Manager with Zhongxin Lead-zinc Mine, which is affiliated with Chifeng Hongfeng Co., Ltd
November 1993-July 1997, Mr. Kang was Manager and Party Branch Secretary with Linxi County Nonferrous Metal Industry Co., Ltd.
May 1993-November 1993. Mr. Kang was Assistant to Head of Personnel Department with CPC Linxi County Commission
October 1990-May 1993, he served as Vice Director, the Economic Commission of Linxi County

 

Li Jinliang

Age: 52                               
Professional Title: Senior Engineer
  Position: General Engineer

Education:
1980, Mr. Li earned his bachelor degree with a major in mine shaft construction from Fuxin Mining College (now changed to Liaoning Technical University

Working Experience:
Mr. Li has 28 of experiences in the mining and smelting industries.
Since 2009, Mr. Li has served as General Engineer with the Company.
2005—2008, Mr. Li served as General Engineer and Deputy General Manager responsible for production and technology with Inner Mongolia Weilasituo Mining Co., Ltd., a lead-zinc-copper mine
2004-2005, Mr. Li  was General Manger with Inner Mongolia Chifeng Hanshan Lead-tin Smelting Co., Ltd
2003-2004, Mr. Li acted asGeneral Manager with Hengji Zinc Smelting Co., ltd, a company affiliated with Inner Mongolia Hongfeng Group Limited
1997-2003, Mr. Li severed as Deputy General Manger with Inner Mongolia Hongfeng Group Limited and Inner Mongolia Hongfeng Co., Ltd
1996-1997, Mr. Li served as Board Director and Deputy Manger responsible for production and technology with Chifeng Nonferrous Metal Group Limited
1995-1996, Mr. Li acted as Chief of Technical Supervision Bureau of Chifeng Balinzuo Banner

   

Wang Huanwu
Age: 58 
Professional Title: Economist
Position: General Manager

Education:
Mr. Wang graduated from Northwest Finance & Economics College
  
Working Experience:
2007-present, Mr. Wang acted as Head of Procurement, Deputy General Manager and General Manager successively with Chifeng Fubang Copper Co., Ltd
2002-2006, Mr. Wang was Operation Manager and General Manager with Liaoning Fushun Jinding Copper Co., Ltd.
1980-2002, Mr. Wang acted as Workshop Director, Plant Manager and General Manager with Jilin Tonghua Wood Co., Ltd.

 

Sun Xueshi

Age: 42      
Professional Title: Engineer

Position: Senior Engineer, Mining

Education:
1991 Mr. Sun earned his bachelor’s degree with a major in mining from Tangshan Engineering & Technology College (now renamed as Hebei Polytechnic University)

Working Experience:
Mr. Sun has 18 years of experiences in the mining industry.
Mr. Sun now serves as Senior Engineer, Mining, of the Company.
From Feb.2007 to May 2009, Mr. Sun acted as General Manager of Lixi Tonghe Mining Co.,Ltd,a company in Inner Mongolia.
From March 200 to Feb 2007, Mr. Sun worked as Deputy Mine Manager for Honglin Lead- Zinc Mine in Balinzuo Banner of Inner Mongolia
From December 1997 to March 2000, Mr. Sun served as Ggeneral Engineer with Honglin Lead- Zinc Mine in Balinzuo Banner of Inner Mongolia

 
 

Luo Yinhua

Age: 43                       
Professional Title: Senior Engineer

Position: Deputy General Engineer, Smelting

Education:
1989, Mr. Luo earned his college diploma from Inner Mongolia University of Science& Technology.

Working Experience:
Mr. Luo has 20 years of experiences in the smelting industry.
July 2007-present, Mr. Luo has served as Deputy General Manager and Deputy General Engineer responsible for production with Chifeng Fubang Copper Co., Ltd
August 2005-June 2007, Mr. Luo served as General Engineer and Deputy Production Manager with Inner Mongolia JInding Copper Co., Ltd
Feb.2003-July 2005, Mr. Luo acted as General Engineer and Deputy Production Manager with Liaoning Hongtoushan JInding Copper Co., Ltd
April 2002-January 2003 Mr. Luo served as General Engineer and Deputy Production Manager with Huixin Copper Co., Ltd in Inner Mongolia
August 1999-March 2002, Mr. Luo served as General Engineer and Plant Manager with Linxi Tianzheng Copper Smelting Co., Ltd.

 

Qiao Xing Universal Resources, Inc Releases Pictures from its Newly Acquired Lead-zinc-Copper Mine

Published: December 29, 2010

HUIZHOU, ChinaDec. 29, 2010 /PRNewswire-Asia-FirstCall/ --

Qiao Xing Universal Resources, Inc. (Nasdaq: XING, the "Company" or "XING"), an emerging Chinese resource company with a focus on several strategically important nonferrous metals such as molybdenum and copper, today announced that it has posted some pictures taken from its newly acquired Xinyuan Lead-zinc-copper Minein Chifeng city of the Inner Mongolia Autonomous Region on its website. Investors can click the link below to see the pictures:

http://www.cosun-xing.com/contact/lzc-01.asp

The Company also expects to launch a new website early in January to replace the existing one to reflect the Company's focus in the recourses industry.

"We are making continuous efforts to enhance our transparency and improve communications with investors to convey the exciting developments within our Company. As part of these efforts, we are also considering an on-site visit in the Spring of 2011 in Chifeng, where most of our mining businesses are located", commented Mr. Ruilin Wu , Chairman and Chief Executive Officer of XING."We look forward to providing accurate and consistent updates about our business to the investor community in the quarters ahead."

About Qiao Xing Universal Resources, Inc.

The Company is an emerging Chinese resources company, with a focus on several strategically important nonferrous metals such as molybdenum and copper. In April 2009, the Company acquired a 100% equity interest in China Luxuriance Jade Company, Ltd. ("CLJC"). CLJC, through its wholly owned Chinese subsidiaries, owns the rights to receive the expected residual returns from Chifeng Haozhou Mining Co., Ltd. ("Haozhou Mining"), a large copper-molybdenum poly-metallic mining company in Inner Mongolia,China. XING's Hazhou Molybdenum Mine business started operation in July 2009 and generated net income of RMB64.2 million (US$9.4 million) in the second half of 2009. Based on the initial success of the Company's molybdenum business as well as an extensive study of China's macro economic trends, XING, is further consolidating its strategy to become a pure resources company with meaningful scale. As a result of implementing this strategy, in December 2010, the Company acquired the 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. ("Xinyuan") .Xinyuan owns a mining license for a lead-zinc-copper mine that covers 3.3233 square kilometres in Wulandaba Suma, Balinzuo Banner, in the Inner Mongolia, China (the "Xinyuan Lead-zinc-copper Mine"). The Xinyuan Lead-zinc-copper Mine, which started operation inMarch 2010,  expects to increase its processing capacity up to 2,000 tons of ores per day by the middle of 2011and expects to generate revenue of RMB430 million, operating profit (EBITDA) of RMB180 million and net cash flow of over RMB100 million in 2012. The Company is actively evaluating additional acquisition opportunities in the resources industry.

XING, one of the first Chinese private companies to be listed on NASDAQ in 1999, was previously one of the leading players in the telecommunication terminal products business in China. In 2007, the Company made the strategic decision to diversify into the resources industry. As part of this strategic transition, XING divested its fixed line and low-end mobile phone businesses in November 2009 and changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010. On September 8, 2010, XINGannounced its proposal to privatize QXMC by acquiring the shares it does not already hold through a Scheme of Arrangement (the "Proposed Offer"), with the intention to spin off QXMC's mobile phone assets or business and redeploy its assets into the resources industry. This proposed acquisition is on-going and its completion shall be subject to several conditions including approval from a majority of the minority shareholders of QXMC.

http://www.cosun-xing.com/images/ph4.png

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" and similar expressions. These statements involve estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed. You should not place undue reliance on these forward-looking statements.

Forward-looking statements include all statements other than statements of historical facts, such as statements regarding anticipated acquisitions, estimates of revenue and profit, the privatization of QXMC,  time and date for the expected Court Hearing with respect to the proposed privatization of QXMC, anticipated mining capacity and production volumes, long-term growth prospects for the resources industry, the Company and value for the Company's shareholders, mine development and capital expenditures, mine production and development plans, estimates of proven and probable reserves and other mineralized material and the Company's transition to a pure resources company and bigger player within the resources industry., Readers are cautioned that forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected, anticipated or assumed in the forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Universal Resources, Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of December 29, 2010.

Additional Information and Where to Find It

Qiao Xing Universal Resources, Inc. has filed a Schedule 13E-3 with the SEC in connection with the Proposed Offer. The Schedule 13E-3 contains additional information regarding the Proposed Offer, including, without limitation, information regarding the special meeting of shareholders of Qiao Xing Mobile Communication Co., Ltd that will be called to consider the Proposed Offer. The Schedule 13E-3 contains important information about Qiao Xing Universal Resources, Inc., Qiao Xing Mobile Communication Co., Ltd, the Proposed Offer and related matters. Investors and shareholders should read the Schedule 13E-3 and the other documents filed with the SEC in connection with the Proposed Offer carefully before they make any decision with respect to the Proposed Offer. A copy of the Scheme of Arrangement with respect to the Proposed Offer is an exhibit to the Schedule 13E-3. The Proposed Offer is expected to be exempt from the registration requirements of the United States Securities Act of 1933 Act by virtue of the exemption provided by Section 3(a)(10); however, it is possible that the offer may change forms such that the exemption provided by Section 3(a)(10) may no longer be available. In such a case Qiao Xing Universal Resources, Inc. may file a Form F-4 with respect to the Proposed Offer.

The Schedule 13E-3 and all other documents filed with the SEC in connection with the Proposed Offer is available free of charge at the SEC's web site at www.sec.gov. Additionally, the Schedule 13E-3 and all other documents filed with the SEC in connection with the Proposed Offer will be made available to investors or shareholders free of charge by calling or writing to:

Qiao Xing Universal Resources

 

Rick Xiao

 

Vice President

 

Phone:             +86-752-282-0268      

 

Email: rick@qiaoxing.com

 
   

USA IR AGENCY

 

,CCG Investor Relations Inc.

 

Mr. Ed Job, CFA

 

Phone:             +86-1381-699-7314       (Shanghai)

 

Email: ed.job@ccgir.com

Qiao Xing Universal Resources Inc.
Qiao Xing Science Ind. Park Tang Quan Huizhou City Guangdong 516023 China
Phone:             +86 (752) 282-0268      
Fax: +86 (752) 282-0268
 

Qiao Xing Universal Resources, Inc. Declares New Company Website – NASDAQ:XING

Monday, January 17, 2011 @ 06:01 AM
posted by SSP Staff
 

Qiao Xing Universal Resources, Inc NASDAQ:XING recently announced on 14th of January the launch of its new website http://www.cosun-xing.com. This web facility depicts clearly Company’s focus on the molybdenum-mining business as well as its growing scale in the resources industry.

Company has provided in the website a comprehensive overview of its resources operations, as well as an extensive gallery of photos of its molybdenum and lead-zinc-copper mining operating businesses. The site is also equipped with the most up-to-date corporate profile and investor presentation as well as a dedicated section focused on the newly acquired Aolunhua Copper-molybdenum Mine, one of the largest open-pit molybdenum mines in Asia.

Qiao Xing Universal Resources, Inc. (Qiao Xing) is principally engaged the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, in the People’s Republic of China; the production and sale of mobile phones and accessories in the People’s Republic of China, and the production and sale of molybdenum concentrates in the People’s Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.

http://www.cosun-xing.com/

 

Qiao Xing Universal Resources, Inc. is a leading player in the molybdenum-mining industry with meaningful size in the resources industry. XING focuses on mining and processing rare metal ores and several strategically important base-metal ores, including molybdenum, copper, lead and zinc. The Company currently owns a 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. and a 34.53% equity interest in Chifeng Aolunhua Mining Co., Ltd, as well as the right to receive 100% of the expected economic residual returns from Chifeng Haozhou Mining Co., Ltd.

 

 

XING was one of the first Chinese companies to be listed on NASDAQ (in 1999) as one of the leading players in the telecommunication-terminal product business in China. In 2007, the Company made the strategic decision to diversify into the resources industry. Since then, the Company has made several acquisitions in the resources industry and divested its fixed-line and budget mobile phone businesses. To reflect this change, the Company changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010.

 

The Company continues to evaluate acquisition opportunities in the resources area to strengthen its foothold in the industry. At the same time, XING is also working to divest its remaining mobile-phone business through the proposed privatization of its QXMC subsidiary, or via other alternatives, to become a pure-play resources company.

 
   
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#314 look this... pepemartinez 05/20/2014 04:35:17 AM
#313 XINGF revoked: Renee 08/23/2012 09:40:45 AM
#312 XINGF: SEC Suspension: Renee 07/05/2012 11:14:43 AM
#311 hello there is still someone here? pepemartinez 05/22/2012 03:55:30 AM
#310 Where's this thing incorporated? goodolboy 04/23/2012 03:01:28 PM
#309 looking stronger, hopefully they get some strong rev g2nec 01/09/2012 10:52:22 AM
#308 Wait and see. Very possible. ;-) $tockefeller 01/08/2012 05:14:59 AM
#307 Would be nice to see $1 again, very lmcat 01/07/2012 10:39:17 PM
#306 going to 1$ again? pepemartinez 01/06/2012 03:22:54 PM
#305 China Increases Rare Earth Export Quota for First lmcat 12/29/2011 10:22:01 AM
#304 Letter from Shah: $tockefeller 12/28/2011 06:58:43 PM
#303 Looks like bottom was made today. Let's get $tockefeller 12/28/2011 06:20:05 PM
#302 STRONG BUY COSING YEAR $1.25 ice1234 12/27/2011 07:38:02 AM
#301 STRONG BUY ALERT- NEWS-GOLD MINE STARTING OPERATION ice1234 12/23/2011 09:01:06 AM
#300 Yeah sir, that's why I'm holding on to $tockefeller 12/22/2011 08:44:34 PM
#299 I think XING has the potential for a lmcat 12/22/2011 08:39:48 PM
#298 Yup, this will have a nice reversal soon. $tockefeller 12/22/2011 08:37:43 PM
#297 STRONG BUY ALERT- NEWS-GOLD MINE STARTED OPERATION ice1234 12/22/2011 11:27:43 AM
#296 With all the cash they have on hand lmcat 12/21/2011 07:46:01 PM
#295 STRONG BUY ALERT- NEWS-GOLD MINE STARTED OPERATION ice1234 12/21/2011 12:16:36 PM
#294 Qiao Xing Announces Proposed Acquisition of a Marble lmcat 11/29/2011 11:52:32 PM
#293 News:http://ih.advfn.com/p.php?pid=nmona&article=50220200&symbol=XING g2nec 11/29/2011 09:40:59 AM
#292 Yup, I want to see some changes. Let's $tockefeller 11/27/2011 12:40:30 AM
#291 Hope they are ready to make some moves g2nec 11/25/2011 10:48:34 AM
#290 Qiao Xing Universal Resources Announces Management Changes lmcat 11/22/2011 09:11:33 AM
#289 Rare earth prices plunging as manufacturers turn to substitutes lmcat 11/17/2011 11:48:04 PM
#288 I think many have older stk, but I g2nec 10/17/2011 09:23:22 AM
#287 From last 3 earnings statements: maybe_this_time 10/17/2011 09:15:43 AM
#286 What disappointing results? Very profitable and a lot g2nec 10/17/2011 07:27:16 AM
#285 plus xing has a history of delivering dissapointing maybe_this_time 10/17/2011 06:16:59 AM
#284 Too many Chinese companies that went public through lmcat 10/16/2011 09:09:54 PM
#283 Chinese crookedness, lol. All of china is maybe_this_time 10/10/2011 09:40:46 AM
#282 I don't understand why this stock is so low. chloebware 10/08/2011 04:50:30 AM
#281 MiBest Value Investment in the Diversified Metals & g2nec 08/30/2011 03:35:31 PM
#280 Few realize that XING owns 56% of QXM g2nec 08/30/2011 02:47:58 PM
#279 seems we have found a bottom g2nec 08/23/2011 10:10:05 AM
#278 90% of stks <200dma g2nec 08/10/2011 04:34:04 PM
#277 Same here but gee the markets are ugly again! lmcat 08/10/2011 04:32:06 PM
#276 added a lot under 1 g2nec 08/09/2011 04:39:23 PM
#275 Tomorrow should be a good day. Get in subzeroooo 08/09/2011 04:02:32 PM
#274 Nice rebound from the lows. 08/22/2011 is earnings subzeroooo 08/09/2011 12:07:34 PM
#273 No brainer at a buck g2nec 08/05/2011 10:16:50 AM
#271 added 110 g2nec 08/04/2011 12:37:27 PM
#270 They are in the top 5 for cash/shr g2nec 07/28/2011 02:30:44 PM
#269 This is most interesting as Cramer has bad lmcat 07/26/2011 04:20:01 PM
#268 XING UNIVERSAL RESOURCE (NASDAQ:XING) - Qiao Xing Universal ~ Blue ~ 07/26/2011 01:58:55 PM
#267 Nice g2nec 07/26/2011 11:17:19 AM
#266 Float 56 million !!!!!!.. ~ Blue ~ 07/26/2011 10:32:35 AM
#265 50 dollars stock.. ~ Blue ~ 07/26/2011 10:27:53 AM
#264 I'll have to take a closer look at maybe_this_time 07/26/2011 10:26:02 AM
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