Directors

The following information is disclosed for the purposes of Rule 26 of the AIM Rules for Companies.

Executive Directors

Mr. Zhang Jimin (Chief Executive Officer)

Mr Zhang is the founder of the Group. He began his career in the cement industry in Hanjing Cement and has more than 30 years of industry experience. From 1992 to 1994, he led the development of low-heat slag cement, moderate-heat Portland cement and highway cement, which won the Second Grade Science and Technology Progress Prize issued by the Province Government. Mr. Zhang is currently undertaking an MBA at the North West University of China.

Mr. Wang Jianli (Executive Director, Vice General Manager and Chief Engineer)

Mr Wang graduated from Luoyang Building Material Industry College with a degree in Cement Technology. He worked at the Shaanxi Design & Research Institute of Building Materials from January 1983 to March 2002 with a range of positions including technician, assistant engineer, engineer, senior engineer and director. He has been in his current position at West China Cement Ltd. since March 2003.

Ms. Low Po Ling (Chief Financial Officer)

Ms Low, a Malaysian national, is an ACCA qualified accountant with over ten years experience in audit and corporate finance. She has worked in Malaysia, Singapore and the UK with PricewaterhouseCopper, BDO, Deloitte and Touche and PKF. She was associate director of an investment company in Beijing before joining West China Cement. She is fluent in Mandarin and English.

Non- Executive Directors

Robert Robertson (Non-Executive Chairman)

Robert Robertson has over 30 years global experience in the extractive industry. He headed Anglo American’s Industrial Minerals division for nine years, a period of major growth. He was Chief executive of Tarmac, its building materials subsidiary and major aggregates, concrete, asphalt, cement and lime producer with operations in the EU, Eastern Europe, the Middle East and Asia. He held a number of senior industry positions. Previously his career was in finance, holding a number of senior positions in London, Paris, Johannesburg, New York and Rio de Janeiro. He has an MA from Oxford University.

Brett Lance Miller (Non-Executive Director)

Brett Miller graduated from the University of the Witwatersrand (South Africa) with a Batchelors degree majoring in law and economics and additionally holds a law degree from the London School of Economics (after having relocated to the United Kingdom in 1988). He joined Nabarro Nathanson, a London-based law firm, in September 1993 where he practiced until December 1997. He has specialised in mergers and acquisitions and corporate finance in the energy and natural resources and smaller companies sectors. He is currently managing director and a key shareholder of Ruegg & Co Limited, a London based corporate finance boutique which is active in bringing new issues to the AIM and PLUS markets. Brett is also a director of Pactolus Hungarian Property plc, an AIM listed property fund that invests in residential property in Hungary. He has considerable experience in raising equity capital for smaller companies, having been the driving force behind numerous small company flotations in a variety of sectors. He also has considerable experience in corporate finance, corporate governance issues, corporate restructurings and optimising financial capital structures.

Senior management

Mr. Chen Zhixin (Vice General Manager of West China Cement Ltd., Pucheng)

Mr. Chen has an undergraduate degree in engineering from the National University of Defence Technology and holds an EMBA from Northwest University of China. From February 1978 to January 2002, Mr Chen worked in the Xi’an Satellite Control Center. From November 2002 to August 2005, he worked as vice general manager of the Shaanxi West Cyber Information Co. Ltd. He has also been the Chairman of Shaanxi Yinshui Technology Co. Ltd. Mr Cheng joined Yaobai Cement in September 2005 and is currently the Vice General Manager of West China Cement Ltd. in charge of operations in respect of the Lantian project.

Mr. Li Wenyu (Vice General Manager of West China Cement Ltd., Sales)

Mr. Li holds an Executive MBA from Northwest University of China. He has been involved in the building material industry for 16 years since his position as a sales manager in the Shangwang Building Material Factory in 1990. In 1998, Mr. Li joined West China Cement Ltd. and has held a sales position since then. Mr Li was involved in the incident described in paragraph 16.2 of Part V to this document.