Please allow me to introduce the bearer of this letter, CHINA HUA DONG CORP LIMITED and contact you regarding a potential long-term business relationship, despite the current market depression. Our focused market is small and medium sized steel mills in Hebei province, Shandong province and Middle and lower reaches of the Yangtze River region. With strong support from our banks with a credit of US$150million, we have imported a total of 1.52 million MT Iron Ore to China in 2007, and 1.79 million up to the third quarter in 2008. We are expecting to expand and increase our performance in 2009. We actively seek out other businesses who have similar corporate ideals to us and can shares our corporate beliefs. �Risk control� and �better service� are two key factors. We believe this will make a harmonious and mutual benefiting enterprise. We are confident that we can work together to bring you great business opportunities in the long term. Thank you for the time in consideration of our proposal and we look forward to hearing from you in the near future.