Zhejiang Materials Industry Metals Group Co., Ltd

Zhejiang Materials Industry Metals Group Co., Ltd. was founded in 1963 and has a registered capital of RMB 300 million yuan. Since the founding of the Company, we have received great support from our controlling shareholder, Zhejiang Materials Group Corp. Zhejiang Materials Group is one of the 20 big commercial companies supported by the state government in priority. It ranked the 61st in China’s Top-500 Enterprises of 2007 and the 2nd in Top-100 Enterprises of Zhejiang of 2007. In addition, COFCO Group (Shenzhen) Co., Ltd. is one of the strategic shareholders of ours. In 2004, we realized sales revenue of RMB 320 billion yuan. Total export and import reached USD 4.6 billion, keeping a leading position in the provincial-level import and export companies in Zhejiang for years in a row. We sell steel, ferroalloys and ships and involve in many business areas including engineering project distribution, electromechanical equipment, car parts and components, energy, fuel oil products and iron ore, etc. We have established a great number of production bases and a developed a big market network in China. With the improvement of our overall strength, we have become an influential company in the industry. Based on trade, depending on manufacturing industry and centering on steel business to bring along related products, we are steadily involving in global purchase and global sales and will be a global trader with comprehensive value-adding ability and competitiveness