CHINA METALLURGICAL IMPORT & EXPORT YANTAI INDUSTRY DEVELOPMENT COMPANY - China

Our company is a fully self-owned subsidiary of China Iron & Steel Industry & Trade Group Corporation in Yantai, Shandong province, China. It is an ecomonic entity which combines industry with trade, technology with trade and internal trade with external trade. We enjoys the right to handle import and export business. Our company has one fully self-owened subsidiary company: Yantai Metallurgical Development Transportation and storage Co.; two share controlled companies: Yantai Steel Grating Co., Ltd and Yantai Hotel (three star hotel). We have fixed assets of RMB100 million.