Yudian Vanadium is engaged in mining, processing and distributing vanadium products. The company owns and operates a vanadium mine (Kongshan mine) and a vanadium processing plant, both located in Xichuan, Henan Province, a region with abundant vanadium resources in the PRC. The operating and environmental approvals of the mine and plant are all in place. The main product is Vanadium Pentoxide (V2O5), which is primarily used as an alloying agent for iron and steel. We have achieved stable long-term cooperative relationships with several large-scale domestic steel and chemical enterprises after years of experience and relationships in the mineral markets.Yudian Vanadium will become a key supplier into the growing vanadium market by keeping exploration on Kongshan property, building new processing plants and seeking actively any potential acquisitions of additional vanadium properties.