E-Commodities Holdings Limited — Interim / Quarterly Report 2012

Aug 31, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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WINSWAY COKING COAL HOLDINGS LIMITED 永暉焦煤股份有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1733)

ANNOUNCEMENT — SUPPLEMENTAL INFORMATION TO THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2012

Reference is made to the interim results announcement for the six months ended 30 June 2012 of Winsway Coking Coal Holdings Limited (the “ Company ”) published by the Company on 20 August 2012 (the “ Interim Results Announcement ”). This announcement is supplemental to, and should be read in conjunction with, the Interim Results announcement.

The board of directors (the “ Board ”) of the Company wishes to provide the following additional information which is supplemental to the Interim Results Announcement. Unless otherwise defi ned herein, capitalized terms used herein shall have the same meaning as defi ned in the Interim Results Announcement.

The Board would like to replace the existing Note 4 (Turnover) to the consolidated fi nancial statements of the Company for the six months ended 30 June 2012 set out in the Interim Results Announcement with the following Note 4 (Turnover and Segment Reporting) with additional segment information of the Group:

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4 TURNOVER AND SEGMENT REPORTING

(i) Turnover

The Group is principally engaged in the processing and trading of coking coal and related products, the sale and production of coking coal from coal mills operated by the Group, and the rendering of logistics services. Turnover represents the sales value of goods sold, net of value added tax and other sales taxes and is after any trade discounts, and revenue from rendering of logistics services. The amount of each signifi cant category of revenue recognised in turnover during the period is as follows:

Coking coal Thermal coal Coke Coal related products Rendering of logistics services Others	Six months ended 30 June 2012 2011 $’000 $’000 6,271,902 5,921,148 81,992 — 26,536 379,816 207,232 386,695 21,751 — 5,065 16,984 6,614,478 6,704,643	Six months ended 30 June 2012 2011 $’000 $’000 6,271,902 5,921,148 81,992 — 26,536 379,816 207,232 386,695 21,751 — 5,065 16,984 6,614,478 6,704,643
		6,704,643

(ii) Segment reporting

The Group manages its businesses by divisions, which are organised by a mixture of both business lines and geography. In a manner consistent with the way in which information is reported internally to the Group’s most senior executive management for the purposes of resource allocation and performance assessment, the Group has presented the following three reportable segments. No operating segments have been aggregated to form the following reportable segments.

• Processing and trading of coking coal and related products: this segment manages and operates coal processing plants and generates income from processing and trading of coking coal and related products to external customers.

• Development of coal mills and production of coking coal: this segment acquires, explores and develops coal mills and produces coal from the mills. The Group acquired the equity interest in a jointly controlled entity developing coal mills and commenced its business in this segment during the year ended 31 December 2010. On 1 March 2012, the Group acquired Grande Cache Coal Corporation (“ GCC ”), a Canadian company developing coal mills and producing coking coal and related products from the mills (Note 8).

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• Logistics services: this segment constructs, manages and operates logistics parks and generates income from rendering of logistics services to external customers within the PRC.

For the purposes of assessing segment performance and allocating resources between segments, the Group’s senior executive management monitors the results, assets and liabilities attributable to each reportable segment on the following bases:

Segment assets include all tangible assets, intangible assets, goodwill and current assets with the exception of deferred tax assets. Segment liabilities include trade and other payables, deferred income and bank and other borrowings managed directly by the segments.

The measure used for reporting segment profi t is “adjusted EBITDA” i.e. “adjusted earnings before interest, taxes, depreciation and amortisation”, where “interest” is regarded as including investment income and “depreciation and amortisation” is regarded as including impairment losses on non-current assets.

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(a) Segment results, assets and liabilities

Information regarding the Group’s reportable segments as provided to the Group’s most senior executive management for the purposes of resource allocation and assessment of segment performance for the six months ended 30 June 2012 is set out below.

For the six months ended 30 June

Reportable segment revenue Reportable segment (loss)/prof t (adjusted EBITDA) Interest income Interest expense Depreciation and amortisation for the period Additions to non-current segment assets during the period Reportable segment assets Reportable segment liabilities	Processing and trading of coking coal and related products 2012 2011 $’000 $’000 5,946,942 6,704,643 (206,673) 1,163,966 33,303 28,198 (308,919) (170,278) (53,327) (31,344) 181,311 612,408 At 30 June 2012 At 31 December 2011 $’000 $’000 12,433,356 15,584,648 9,611,608 8,804,142	Development of coal mills and production of coking coal 2012 2011 $’000 $’000 740,675 — (20,702) (15,542) 813 — (83,055) — (127,875) — 9,819,754 15,964 At 30 June 2012 At 31 December 2011 $’000 $’000 11,018,073 359,915 3,744,615 —	Logistics services 2012 2011 $’000 $’000 27,619 — 5,448 — 89 — (2,097) — (7,405) — 24,610 — At 30 June 2012 At 31 December 2011 $’000 $’000 617,879 516,320 405,498 288,826	Total 2012 2011 $’000 $’000 6,715,236 6,704,643 (221,927) 1,148,424 34,205 28,198 (394,071) (170,278) (188,607) (31,344) 10,025,675 628,372 At 30 June 2012 At 31 December 2011 $’000 $’000 24,069,308 16,460,883 13,761,721 9,092,968

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(b) Reconciliations of reportable segment revenues, profi t or loss, assets and liabilities

For the six months ended 30 June

Revenue Reportable segment revenue Elimination of inter-segment transactions Consolidated turnover (Loss)/prof t Reportable segment (loss)/prof t Elimination of inter-segment prof ts Depreciation and amortisation Net f nance costs Consolidated (loss)/prof t before taxation Assets Reportable segment assets Deferred tax assets Elimination of inter-segment receivables Consolidated total assets Liabilities Reportable segment liabilities Current income tax liabilities Deferred tax liabilities Elimination of inter-segment payables Consolidated total liabilities	2012 $’000 6,715,236 (100,758) 6,614,478 (221,927) (1,157) (188,607) (272,251) (683,942) At 30 June 2012 $’000 24,069,308 241,894 (359,794) 23,951,408 13,761,721 80,470 1,120,505 (359,794) 14,602,902	2011 $’000 6,704,643 — 6,704,643 1,148,424 — (31,344) (60,575) 1,056,505 At 31 December 2011 $’000 16,460,883 77,194 (138,313) 16,399,764 9,092,968 171,988 — (138,313) 9,126,643

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(c) Geographic information

The following table sets out information about the geographical location of (i) the Group’s revenue from external customers and (ii) the Group’s non-current assets with the exception of deferred tax assets (“specifi ed non-current assets”). The geographical location of customers is based on the location at which the services were provided or the goods delivered. The geographical location of the specifi ed non-current assets is based on the physical location of the asset, in the case of property, plant and equipment, the location of the operation to which they are allocated, in the case of intangible assets and goodwill, and the location of operations, in the case of interest in a jointly controlled entity.

For the six months ended 30 June

The PRC (including Hong Kong and Macau) Canada Mongolia Other countries The PRC (including Hong Kong and Macau) Canada Mongolia Other countries	Revenues from external customers 2012 2011 $’000 $’000 5,794,981 5,492,587 646,346 — 252 11,343 172,899 1,200,713 6,614,478 6,704,643 Specif ed non-current assets At 30 June 2012 At 31 December 2011 $’000 $’000 2,523,598 2,456,771 9,793,105 779,231 336,071 359,915 250,652 251,782 12,903,426 3,847,699	Revenues from external customers 2012 2011 $’000 $’000 5,794,981 5,492,587 646,346 — 252 11,343 172,899 1,200,713 6,614,478 6,704,643 Specif ed non-current assets At 30 June 2012 At 31 December 2011 $’000 $’000 2,523,598 2,456,771 9,793,105 779,231 336,071 359,915 250,652 251,782 12,903,426 3,847,699
		3,847,699

By Order of the Board Winsway Coking Coal Holdings Limited Wang Xingchun Chairman

Hong Kong, 31 August 2012

As at the date of this announcement, the executive directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Mr. Yasuhisa Yamamoto, Mr. Apolonius Struijk and Mr. Cui Yong, the non-executive directors of the Company are Mr. Delbert Lee Lobb, Jr., Mr. Liu Qingchun and Mr. Lu Chuan and the independent non-executive directors of the Company are Mr. James Downing, Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. George Jay Hambro.

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