NiHAO Mineral Resources International, Inc. (NI) was incorporated as a mining company under the name Summit Minerals, Inc. on July 9, 1975. On December 10, 1993, the company changed its primary purpose to that of a holding company. Subsequently in 1994, the company changed its corporate name to Magnum Holdings, Inc. On June 28, 2007, the Securities and Exchange Commission approved another change in the company's primary purpose from a holding company to that of a mining company. The company also changed its corporate name to NiHAO Mineral Resources International, Inc. Ni is engaged in exploring, developing, and operating nickel properties. As of December 31, 2008, NI has four mining tenements located in the provinces of Zambales, Misamis Oriental, North Cotabato, and Antique. In addition, NI also operated three small-scale mining claims in Botolan, Zambales, as well as a small-scale mining claim in Manticao, Misamis Oriental. The company's mining claims and small-scale mining claims cover a total of approximately 20,841 hectares. NI's subsidiaries consist of Mina Tierra Gracia, Inc., Visayas Ore Philippines, Inc., and Bountiful Geomines, Inc. Source: SEC Form 17-A (2008)