SILVERCORP METALS INC

, 4.3 Chinese Mining Law . (e) Fortune Gold Mining Limited was incorporated on July 29, 2003, under the laws of the BVI. It holds a 100% interest in Fortune Gold Mining (H.K.) Limited, a Hong Kong company which has a 70% equity interest in ZAAV, which holds a 100% interest in the Chaarat ZAAV Project. The Company is also the sole shareholder of Adventus, which was incorporated under the federal laws of Canada on October 24, 2016 and holds several other subsidiaries with various exploration stage projects in Ecuador. Adventus owns 75% of Salazar Holdings Ltd., an entity existing under the laws of the Province of British Columbia and which holds 100% of Curimining S.A ( Curimining ), an Ecuadorian company holding a 100% interest in the El Domo Project. Adventus also owns 100% of Luminex Resources Corp. ( Luminex ), which owns 100% of the Condor Project. The only mineral properties that are currently considered to be material properties of the Company are (a) the Ying Mining District, Henan Province, China; (b) the GC Mine located in Guangdong Province, China; (c) the Curipamba-El Domo Project located in the provinces of Bolivar and Los Rios, Ecuador; (d) the Condor project, located in the Zamora-Chinchipe province, Ecuador; and (e) the Chaarat ZAAV Project, located in the Tien Shan belt of northwestern Kyrgyzstan. See Item 5 Mineral Properties . 11 ITEM 3 GENERAL DEVELOPMENT OF THE BUSINESS 3.1 Business of Silvercorp Silvercorp is a Canadian mining company producing silver, gold, lead, zinc, and other metals with a long history of profitability and growth potential.