With effect from 4 March 2009, Mr. Cao Zhong was appointed as an executive director of the Company; and Mr. Leung Shun Sang was appointed as a non-executive director of the Company.

Mr. Li King Luk resigned as a non-executive director of the Company with effect from 4 March 2009 and Mr. Huang Bin has tendered his resignation as an executive director of the Company with effect from 31 March 2009.

With effect from 13 March 2009, Mr. Cao Zhong was appointed as the Chairman of the Boardand Mr. Wong Lik Ping was re-designated to the Vice-chairman of the Board.

Following the latest quarterly review of Hang Seng Indexes Co. Ltd on 13 February 2009, Company was included as a constituent stock of Hang Seng Composite Index by Hang Seng Indexes Co. Ltd.. In terms of industries, the Company will be classified under "Energy". In geographical terms, it will be classified as a constituent stock of Hang Seng Mainland Composite Index or Hang Seng Mainland Freefloat Index. Such changes will take effect on 9 March 2009 (Monday).

Successfully changed its focus to the coal business and duly completed the acquisition of three quality coal mines in Liulin County, Shanxi Province, including Xingwu Coal Mine, Jinjiazhuang Coal Mine and Zhaiyadi Coal Mine. The Group is interested in the mines as to 65%, 65% and 95% respectively. The total consideration was HK$10.53 billion.

Duly completed the placing agreement with Shougang. The Shougang Group is interested in enlarged issued share capital of Fushan International Energy as to 9.87% and is the third largest shareholder of the Group.

Increased equity interest in Shanxi Jinshan Energy Limited to 94.17% by a capital contribution of RMB200 million. Upon completion, the Group’s interest in Luenshan increased to 61.21%.

Entered into a long-term strategic cooperation agreement with the Shougang Group, one of the largest iron and steel producer in the PRC. The Shougang Group will purchase no less than 2 million tons of quality clean coal from the Group each year commencing from 2009. The volume of purchase per year will be progressively increased in accordance with the Group’s production capacity.

Entered into a placing agreement with Shougang, introducing Shougang as a strategic investor of the Group.

Increased equity interest in Jinshan Energy Group Limited to 91.25% by increasing capital contribution of RMB300 million to the company. Upon completion, the Group increased its equity interest in Luenshan from 42.25% to 59.3125% and Risheng from 45.5% to 63.875% respectively.

Increased equity interest in Shanxi Yao Zin Coal and Coking Company Limited to 66% by increasing capital contribution of RMB170.4 million to the company.

Successfully raised a proceed as much as HK$460 million by placing 230 million new shares at a price of HK$2.0 per share.

Issued convertible notes of a five-year term with a gross principal value of HK$300 million at a conversion price of HK$2.33 per share. As at January 2008, all convertible notes were converted into 128,755,352 new shares.

The company's name was changed to "Fushan International Energy Group Limited" in order to reflect the Group’s new business position.

Invested in Shanxi Yao Zin Coal and Coking Limited ("山西曜鑫煤焦有限公司") and interested in the company as to 51%. The principal asset of the company is a coke plant with a planned production capacity of 1 million tons per annum. The coke plant has commenced production since July 2008.

Commenced development of coking coal business in Shanxi Province, the PRC. Invested in Shanxi Jinshan Energy Limited ("山西金山能源有限公司") and interested in the company as to 65%. The principal assets of Jinshan are two JV companies in the PRC, namely Luenshan and Risheng. They are principally engaged in coking coal business.

Change of management. Mr. Wong Lik Ping has become Chairman of the Group and controlling shareholder of the Company

The Company, formerly known as "Fu Hui Jewellery", was listed on the Main Board of the Hong Kong Stock Exchange.