Hunan Valin Steel Co., Ltd

Hunan Valin Steel Co., Ltd. is a China-based company primarily engaged in smelting, manufacture and sale of iron and steel products, as well as nonferrous metal products. The Company provides wide and heavy steel plates, hot-rolled steel plates, cold-rolled steel plates, galvanized plates, steel wires, steel rods, steel pipes, steel strips, sections, steel slabs, copper plate pipes and aluminum products, among others, which are applied in industries such as construction, light industry, automobile, bridge and shipbuilding, among others. The Company distributes its products in domestic and overseas markets. As of December 31, 2008, the Company had 12 subsidiaries, which involved in smelting of steel and nonferrous metal products, trading of relevant equipment, as well as financing services.