Xinhua China Ltd. (the Company,
formerly Camden Mines Limited) was incorporated in the State of Nevada, United States of America, on September 14, 1999. Until
September 2004, the Company was a non-operating shell company and considered as a development stage enterprise since its inception. Effective
from October 12, 2004, the Company changed to its current name. The Company established an office in Vancouver, Canada; however,
this office was closed down in December 2006. The Company established its principal executive office at B26-F, Oriental
Kenzo, No. 48 Dongzhimenwai Street, Dongcheng District, Beijing 100027 Peoples Republic of China.
As of May 31, 2006, the Company reduced its
equity interest in Xinhua C&D from 56.14% to 7.98%. Subsequent to the deconsolidation of Xinhua C&D, the Company
commenced the internet book distribution business through Beijing Joannes Information Technology Co., Ltd. (Joannes).
As of September 30, 2010, the Company disposed
both subsidiaries at a loss. See note 12 Loss on Disposal of Subsidiaries.
As of June 30, 2012, the Company
does not have any direct or indirect interest in any investments that would require consolidating financial statements.