Xiao Yaqing Quotations

We hope, in the long term, the parent company will not compete with the listed company.

We have a market share of about 50 percent now in China and would like to keep it at between 45 and 50 percent in the next five years.

The quality of the bauxite is lower than the top grades in Australia, but it's much better than those in China.

To meet the challenge of stable (raw material) supplies we believe the solution is to invest in countries with abundant bauxite resources, like Australia.

This also means introducing corporate governance in line with international practice.

The development of these markets is still in a preliminary phase and operations will not begin before 2007.