China Nonferrous Gold Limited

CNG

KYG215771042

Gold

Market Closed - London S.E. Other stock markets 09:00:00 24/11/2023 pm IST			5-day change	1st Jan Change
1.3 ^GBX	-.--%		-.--%	-.--%

03/05	China Nonferrous Gold in Talks With Creditor After Loan Payment Demand	MT
03/01	China Nonferrous Gold hit by USD220 million loan repayment	AN

China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, today announces its final results for the year ended 31 December 2021

June 30, 2022 at 05:43 pm IST

CHINA NONFERROUS GOLD

LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2021

Company Registration Number WK-277188

CHINA NONFERROUS GOLD LIMITED

Contents

	Page
Company Information	3-5
Chief Executive Officer's Statement	6-9
Report of the Directors	10-23
Board of Directors	24-25
Statement of Directors' Responsibilities	26
Governance Report	27-33
Report of the Independent Auditor	34-39
Consolidated Statement of Comprehensive Income	40
Consolidated Statement of Financial Position	41-42
Consolidated Statement of Changes in Equity	43
Consolidated Statement of Cash Flows	44
Accounting Policies	45-55
Notes to the Financial Statements	56-99

CHINA NONFERROUS GOLD LIMITED

Company Information

Directors	Mr Lixian Yu	(Chairman and Non-Executive Director)
	Mr Xiaohua Wang	(Executive Director, Finance Director)
	Mr Xiuzhi Shi	(Non-Executive Director)
	Mr Yong Li	(Non-Executive Director)
	Mr Hui Zhang	(Executive Director, Managing Director)
Company Secretary	Ms Ma YiFei
Registered Office	One Nexus Way
	Camana Bay
	Grand Cayman
	KY1-9005
	Cayman Islands
Nominated Adviser & Broker	WH Ireland Limited
	24 Martin Lane
	London

EC4R 0DR

United Kingdom

Bankers

BANK OF CHINA(HONG KONG)LIMITED

3/F,BANK OF CHINA TOWER,1 GARDEN ROAD,HONG KONG

CHINA CONSTRUCTION BANK CORPORATION MACAU BRANCH 19/F,Circle Square,61 Avenida de Almeida Ribeiro,Macau

XIAMEN INTERNATIONAL BANK

China Commerce Tower Co.,Ltd,5 Sanlihe Road,Xicheng

District,Beijing,China

CHINA CITIC BANK WUHAN BRANCH

Business Department, Wuhan Branch

China CITIC Bank, No. 747,

Jianshe Avenue, Hankou, Jianghan District，Wuhan City, Hubei Province

Bankers (continued)	CHINA CITIC BANK ZHUHAI BRANCH
	COMPANY BUSINESS COUNTER.
	NO.1 JINGSHAN ROAD XIANGZHOU DISTRICT ZHUHAI
	GUANGDONG PROVINCE CHINA
	BANK OF SHANGHAI BEIJING BRANCH
	No.C12 Jianguomenwai St. Chaoyang District, Beijing
	BANK OF CHINA(HONG KONG)LIMITED
	3/F,BANK OF CHINA TOWER,1 GARDEN ROAD,HONG KONG
	CHINA CITIC BANK ZHUHAI BRANCH
	COMPANY BUSINESS COUNTER. NO.1 JINGSHAN ROAD XIANGZHOU
	DISTRICT ZHUHAI GUANGDONG PROVINCE CHINA
	NATIONAL WESTMINSTER PLC
	NATWEST PARKLANDS,3 DE HAVILLAND WAY
	HORWICH,BOLTON
	Tajikistan
	OJSC"AGROINVESTBANK" DUSHANBE, TAJIKISTAN
	Dushanbe, Tajikistan
	"AMONATBONK" DUSHANBE, TAJIKISTAN
	Dushanbe, Tajikistan
	OJSC "BANK ESKHATA" Republic of Tajikistan, Khujiand
	VAHDAT, Tajikistan
	CJSC "SPITAMEN BANK" DUSHANBE, TAJIKISTAN
	VAHDAT, Tajikistan
	CJSC "NBP Pakistan Subsidiary Bank in Tajikistan"
	Dushanbe, Tajikistan
Independent Auditor	PKF Littlejohn LLP
	15 Westferry Circus

	Canary Wharf
	London E14 4HD
Legal Advisors	English law
	Charles Russell Speechlys LLP
	5 Fleet Place
	London EC4M7RD
	United Kingdom
	Tajikistan law
	Galimov Fa and Matt
	No. 60, Building 6, Somony Street Dushanbe
	Tajikistan
	Cayman Islands law
	Walkers
	Suite 1501-1507
	Alexandra House
	18 Chater Road
	Central
	Hong Kong

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China Nonferrous Gold Limited published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 12:12:07 UTC.

Latest news about China Nonferrous Gold Limited

China Nonferrous Gold in Talks With Creditor After Loan Payment Demand	03/05	MT
China Nonferrous Gold hit by USD220 million loan repayment	03/01	AN
China Nonferrous Gold Gets Notice of Loan Non-extension with CNMC Trade	03/01	MT
China Nonferrous Gold Announces Board Changes	19/12	CI
China Nonferrous Gold Halts Trading on London Bourse’s AIM	24/11	MT
China Nonferrous Gold shares suspended from trading on AIM	24/11	AN
China Nonferrous Gold interim loss balloons on soaring finance costs	22/23/22	AN
China Nonferrous Gold Limited Reports Earnings Results for the Half Year Ended June 30, 2023	22/23/22	CI
China Nonferrous Gold Limited Announces Extension to Loan Agreements	12/23/12	CI
China Nonferrous Gold Limited Announces Production Results for Twelve Months Ended 31 December 2022	30/23/30	CI
FTSE 100 Closes Up 0.1% as Investors Eye Fed, ECB Rate Decisions	12/23/12	DJ
UK Wage Growth Will Keep Interest Rates High	12/23/12	DJ
China Nonferrous executes loan agreement with CNMC Trade	12/23/12	AN
China Nonferrous Gold appoints Zhishuo as managing director	02/23/02	AN
FTSE 100 Closes Down 1.4% as Recession Risks Jitters	30/23/30	DJ
Sterling Stands to Benefit From Higher Rates	30/23/30	DJ
China Nonferrous Gold Limited Announces CEO Changes	30/23/30	CI
China Nonferrous Gold Limited Announces Change of the Board	30/23/30	CI
China Nonferrous Gold Limited Announces Pakrut Gold Mine Independent Technical Report	24/23/24	CI
China Nonferrous Gold Resumes Operations in Tajikistan	11/23/11	MT
China Nonferrous Gold Limited Announces That the Power Supply Was Re-Established and Production Has Resumed At the Pakrut Mine Site	16/23/16	CI
China Nonferrous Gold Limited Auditor Raises 'Going Concern' Doubt	01/23/01	CI
China Nonferrous Gold Limited Reports Earnings Results for the Full Year Ended December 31, 2022	01/23/01	CI
China Nonferrous Gold Shares Plunge on Production Suspension Amid Tajikistan Avalanche	23/23/23	MT
China Nonferrous Gold Enters $20 Million Loan Deal With CNMC Trade	24/23/24	MT

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Company Profile

China Nonferrous Gold Limited is a mineral exploration and development company. The Company is focused on projects in Tajikistan. The Company has an exploration and Trial License over the Pakrut License Area, covering 63 square kilometers (km2). The License area is located in the Tian Shan Gold Belt. The Company, through its subsidiary LLC Pakrut, has an exploration and trial mining license over the Pakrut License Area, an exploration area that extends approximately 6,300 hectares. It has 100% ownership of production on the Pakrut Gold Project. It has a full mining License for the Pakrut Gold Project by the Government of The Republic of Tajikistan. Total JORC Code-Compliant Resources Of 4,808,000oz Au, Assuming A 0.75g/T Cut-Off Grade, have been defined at the Pakrut Gold Project. In addition to the Pakrut Gold Project, it is focusing on three additional mineralized systems within the exploration license area: Eastern Pakrut, Rufigar and Sulfidnoye.

Sector

Gold

Calendar

27/06/2024 - Q4 2023 Earnings Release (Projected)

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