China Mining Resources Group Limited specializes in tea business and online video broadcasting.
The Group commenced its tea business since 30 April 2009 after the acquisition of 80% interest in King Gold. King Gold Group is principally engaged in cultivation, research, production and sale of Chinese tea products, and its products are recognised in the PRC as premium tea products and widely distributed throughout the country.
Online Video ("iTV") Business
The Group was engaged in the iTV business since 10 December 2010 after the acquisition of 70% interest in Year Joy Investments Limited ("Year Joy") and its subsidiaries ("Year Joy Group"). Year Joy indirectly holds the entire interest in Beijing Nian Yue Technology Co., Ltd. ("Beijing Nian Yue"), a wholly foreign-owned company established in the PRC with limited liability. Beijing Nian Yue owns 100% of the economic benefit from the operation of the iTV business of China iTV Network Co., Ltd. ("China iTV"), a company established in the PRC on 7 September 1998 with limited liability, through an exclusive business operation agreement.
China iTV is mainly engaged in online video service which involves an online video platform that offers various contents and delivers various value-added services to the customers of telecommunication operators in the PRC.
updated 2nd December, 2014
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