China Africa Resources plc announced that it has entered into a loan agreement with Hong Kong East China Non-Ferrous Resources Co. Ltd. The loan is for a principal sum of $200,000, which has been drawn in full by China Africa Resources on entering into the agreement, and will be used for general working capital purposes. The loan is unsecured, repayable on 30 June 2016 and carries interest at one year US dollar LIBOR (which is currently 0.9%).

The company announced that Jingbin Tian, one of its non-executive directors, has resigned as a director of the company with immediate effect. Jingbin Tian was appointed as a director in conjunction with the investment of HK ECE.