China Zirconium Limited
TSX : CZL

China Zirconium Limited

October 06, 2009 11:33 ET

China Zirconium Limited: Information to Shareholders Regarding the Transfer of Their Shares to Trade on the Stock Exchange of Hong Kong

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2009) - China Zirconium Limited (the "Company") (TSX:CZL)(HKEX:0395) -

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.

Reference is made to the announcement dated 28 September 2009 in relation to the voluntary delisting of the Company's Shares from the TSX. The Company's Shares ceased trading and the Company was delisted from the TSX as of the close of trading at 5:00 p.m. on 30 September 2009 (Toronto time).

Due to the Delisting, the Shares will be removed from the Toronto Branch Register. Once removed, the Shares can be transferred to the HK Branch Register. Shareholders whose Shares are registered on the Toronto Branch Register must request a transfer of their Shares from the Toronto Branch Register to the HK Branch Register in order to trade their Shares on the SEHK. Shareholders who do not have any Shares registered on the Toronto Branch Register are not required to take any action and this announcement is for information purposes only.

The process for the removal and transfer of the Shares is as follows:

Issuance of Share Certificates by the Toronto Share Registrar
Computershare Toronto will arrange for each broker or investment manager holding Shares registered on the Toronto Branch Register to receive a certificate representing such Shares held on behalf of Shareholders on or about the week of October 5, 2009.

Transfer of Shares to the Hong Kong Share Registrar
Upon the request of a Shareholder, each broker or investment manager holding Shares on behalf of the Shareholder will contact Computershare Toronto to request the transfer of such Shares from the Toronto Branch Register to the HK Branch Register. The Company would prefer that Shareholders request the transfer of their Shares by November 30, 2009 (Toronto time).

Upon receipt of a request to transfer Shares from a broker or investment manager, Computershare Toronto will initiate the transfer of Shares by contacting Computershare HK. Computershare Toronto will cancel the relevant Share certificate and will coordinate with Computershare HK to issue a new Share certificate to the Shareholder representing the Shares to be registered on the HK Branch Register. After the removal and transfer of all Shares from the Toronto Branch Register to the HK Branch Register is complete, the Company will no longer maintain the Toronto Branch Register.

Trading of Shares on the SEHK
Once the transfer of the Shares to the HK Branch Register is complete, Computershare HK will send the new Share certificates by post to each Shareholder at the address provided by the Shareholder's broker or investment manager, unless otherwise instructed by the Shareholder. Upon receipt of their Share certificates, Shareholders who wish to trade their Shares on the SEHK should contact their broker or investment manager for further details, including any associated fees and expenses that may be incurred.

Shareholders who wish to request the transfer of their Shares in order to trade their Shares on the SEHK or who have any queries as to the process outlined above should contact their broker or investment manager. Shareholders can also contact the Company secretary (contact details as noted below) for further information. Shareholders who are in doubt of their position should seek independent legal advice.

DEFINITIONS

"Company"China Zirconium Limited, a company incorporated in the Cayman Islands with limited liability, the securities of which are listed on the SEHK (Stock code: 0395)
"Computershare HK"the Company's branch registrar in Hong Kong, Computershare Hong Kong Investor Services Limited
"Computershare Toronto"the Company's branch registrar in Canada, Computershare Investor Services Inc.
"Delisting"the voluntary delisting of the Company from the TSX pursuant to Section 720 of the TSX Company Manual
"Hong Kong" or "HK"the Hong Kong Special Administrative Region of the People's Republic of China
"HK Branch Register"the register of members of the Company maintained in Hong Kong by Computershare HK
"Shares"ordinary share(s) of HK$1.00 in the share capital of the Company
"Shareholder(s)"holder(s) of the ordinary share(s) of HK$1.00 each in the share capital of the Company
"SEHK" The Stock Exchange of Hong Kong Limited
"Toronto Branch Register"the register of members of the Company maintained in Toronto by Computershare Toronto
"TSX"Toronto Stock Exchange

By order of the Board
China Zirconium Limited
Yang Xin Min
Chairman

Hong Kong, 6 October 2009

As at the date of this announcement, the Board comprises Mr. Yang Xin Min, Ms. Huang Yue Qin, Mr. Zhou Quan, Mr. Li Fu Ping as executive directors, and Mr. Cheng Faat Ting Gary, Mr. Carl F. Steiss and Mr. Victor Tong as independent non-executive directors.

Contact Information