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IncorporatedintheCaymanIslandswithlimitedliabilityStockCode131320091AnnualReport2009CONTENTSCONTENTSPage2CorporateInformation5Definitions7CorporateHistory8BusinessOverview10SignificantEventsin200911FinancialHighlights12Chairman’sStatement16ReportfromChiefExecutiveOfficer20ManagementDiscussionandAnalysis30BiographicalDetailsofDirectorsandSeniorManagement37ReportoftheDirectors58CorporateGovernanceReport73IndependentAuditor’sReport75ConsolidatedStatementofComprehensiveIncome76ConsolidatedStatementofFinancialPosition78ConsolidatedStatementofChangesinEquity80ConsolidatedStatementofCashFlows82NotestotheConsolidatedFinancialStatements164FinancialSummary2ChinaResourcesCementHoldingsLimitedCORPORATEINFORMATIONCHAIRMANANDEXECUTIVEDIRECTORZHOUJunqingEXECUTIVEDIRECTORANDCHIEFEXECUTIVEOFFICERZHOULongshanEXECUTIVEDIRECTORANDCHIEFFINANCIALOFFICERLAUChungKwokRobertNON-EXECUTIVEDIRECTORSLIFuzuoDUWenminWEIBinINDEPENDENTNON-EXECUTIVEDIRECTORSIPShuKwan,StephenZENGXueminLAMChiYuenCOMPANYSECRETARYLOChiLik,PeterQUALIFIEDACCOUNTANTLAUChungKwokRobertAUDITCOMMITTEELAMChiYuen(Chairman)IPShuKwan,StephenZENGXueminCORPORATEINFORMATION3AnnualReport2009CORPORATEINFORMATIONMaplesandCalderREMUNERATIONCOMMITTEEZENGXuemin(Chairman)IPShuKwan,StephenLAMChiYuenZHOULongshanLAUChungKwokRobertNOMINATIONCOMMITTEEIPShuKwan,Stephen(Chairman)ZENGXueminLAMChiYuenZHOUJunqingLEGALADVISERSFreshfieldsBruckhausDeringer(astolawsofHongKongandlawsoftheUnitedStatesofAmerica)Concord&Partners(astolawsofThePeople’sRepublicofChina)MaplesandCalder(astolawsoftheCaymanIslands)COMPLIANCEADVISERAngloChineseCorporateFinance,LimitedINDEPENDENTAUDITORDeloitteToucheTohmatsuPRINCIPALBANKERSAgriculturalBankofChinaBankofChinaLimitedBankofCommunicationsCo.,Ltd.ChinaConstructionBankCorporationChinaMerchantsBankDBSBankLtd.IndustrialandCommercialBankofChinaLtd.MizuhoCorporateBank,Ltd.NanyangCommercialBankLimitedPinganBank4ChinaResourcesCementHoldingsLimitedCORPORATEINFORMATION2826POBox309,UglandHouse,GrandCayman,KY1-1104,CaymanIslands2644(852)31186800(852)[e-mail]1313’sRoadEast,HongKongREGISTEREDOFFICEPOBox309,UglandHouse,GrandCayman,KY1-1104,CaymanIslandsHEADOFFICEANDPRINCIPALPLACEOFBUSINESSINHONGKONG44/F,ChinaResourcesBuilding26HarbourRoad,Wanchai,HongKongTelephone:(852)31186800Fax:[phone]E-mail:[e-mail]HANGEOFHONGKONGLIMITED1313COMPANY’SOFFICIALWEBSITEFORCORPORATECOMMUNICATIONS’SWEBSITE:“associatedcorporation”hasthesamemeaningasprovidedintheSFO“Board”boardofDirectors“ChinaResourcesGroup”CRHoldingsanditssubsidiaries“ChineseMainland”PRCexcludingHongKongandMacauSpecialAdministrativeRegions“Company”ChinaResourcesCementHoldingsLimited“CRHoldings”ChinaResources(Holdings)CompanyLimited,acompanyincorporatedinHongKongwithlimitedliability“Director(s)”director(s)oftheCompany“FAI”Fixedassetinvestments“Fujian”FujianProvince,China“GDP”Grossdomesticproducts“Group”theCompanyanditssubsidiaries“Guangdong”GuangdongProvince,China“Guangxi”GuangxiZhuangAutonomousRegion,China“Hainan”HainanProvince,China“HongKong”theHongKongSpecialAdministrativeRegionofthePRC“IPO”TheinitialpublicofferingoftheShareson21September2009“ListingDate”6October2009,beingthefirstdayofthelistingoftheSharesontheStockExchangeDEFINITIONS6ChinaResourcesCementHoldingsLimitedDEFINITIONS5710.10%“ListingRules”TheRulesGoverningtheListingofSecuritiesontheStockExchange“ModelCode”ModelCodeforSecuritiesTransactionsbyDirectorsofListedCompaniessetoutinAppendix10oftheListingRules“NSP”NewSuspensionPreheatertechnologyinthemanufactureofcement“Period”theperiodfromtheListingDateto31December2009“PRC”or“China”ThePeople’sRepublicofChina“Prospectus”aprospectusoftheCompanydated21September2009“Scheme”TheshareawardschemeoftheCompanyadoptedbytheCompany’sDirectorson2September2009“SFO”SecuritiesandFuturesOrdinance(Chapter571oftheLawsofHongKong)“Share(s)”share(s)ofHK$0.10eachinthesharecapitaloftheCompany“SouthernChina”Guangdong,Guangxi,Fujian,HainanandHongKong“StockExchange”TheStockExchangeofHongKongLimited“HK$”HongKongDollars,thelawfulcurrencyofHongKong“RMB”RenminbiYuan,thelawfulcurrencyofChina“US$”UnitedStatesDollars,thelawfulcurrencyoftheUnitedStatesofAmerica“%”percent“m3”cubicmeter7AnnualReport2009CORPORATEHISTORY1,638,000,0003.901,737,468,0006,475,100,000ChinaResourcesCementHoldingsLimitedwasincorporatedon13March2003intheCaymanIslandsasanexemptedcompanywithlimitedliabilityundertheCaymanCompaniesLawandistheholdingcompanyofallthecementandconcreteoperationsoftheChinaResourcesGroup.TheCompanywaslistedonthemainboardofTheStockExchangeofHongKongLimitedon29July2003bywayofintroductionandnofundswereraisedbytheCompanyaspartofthelisting.TheCompanywasprivatisedasawholly-owned