The Company was incorporated in Singapore on 10 March 2010 as a private company limited under the name Sin Cap Group Pte Ltd and renamed as Sincap Group Pte Ltd on 30 January 2012. The Group was converted into a public limited company on 12 July 2012 and changed its name to Sincap Group Limited.The Group is principally engaged in the trading of alumina and thermal coal as well as the mining and sale of gypsum, in the PRC.This business activity is conducted by Beijing Sino-Lonther International Trading Co Ltd.(b) Trading of thermal coal This business activity is conducted by Shandong Sincap International Trading Co., Ltd. ('Shandong Sincap"). Shandong Sincap had commenced operations in June 2011, and revenue from the sale of thermal coal accounted for approximately 0.8% of the Group’s revenue in FY2011. (c) Mining and sale of gypsum This business activity is conducted by Shandong Luneng Taishan Mining Co., Ltd. ('Luneng Taishan Mining'). Luneng Taishan Mining holds the following mining and exploration rights:-(i) sole and exclusive mining rights under a mining licence for the Mining Concession Area of approximately 2.97 km2 in Daiyue District, Tai’an City of the Shandong Province in the PRC, which covers Mine 1, Mine 2, the Xi’nan Zhuang Mineralised Block, the Expansion Area but less the Overlapped Area; and (ii) exploratory rights in relation to an area of approximately 2.42 km2 located at the Xia Jia Ma Zhuang Mineralised Block in the PRC. The Mine 1 and Mine 2 of Luneng Taishan Mining had commenced production since 1995 and 2000 respectively