Ernst & Young to be engaged by BVI-registered China Natural Resources

On October 15, 2010, British Virgin Islands-registered and Hong Kong-based company China Natural Resources, Inc. engaged Ernst & Young as its independent registered public accountants. It is planned that Ernst & Young will audit the financial statements of the BVI company for the year ending December 31, 2010, and the effectiveness of the company’s internal control over financial reporting as of December 31, 2010.

Ernst & Young is to replace GHP Horwath, P.C., who was dismissed as the company’s independent registered public accountants.

BVI company’s CEO and Chairman Mr. Feilie Li said in his comments: “We are pleased to welcome Ernst & Young as our audit firm, and look forward to a rewarding, long-term relationship with them. At the same time, we are saddened to end our tenure with GHP Horwath and wish to express our sincere appreciation for their many years of courteous and professional service.”

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