1. April 2010 SINO CHANNEL ASIA LIMITED is a leading provider of global import / export and offshore trading service for Iron & Steel, Coal, Ore, etc.

2. Name : SINO CHANNEL ASIA LIMITED Date of Establishment : 07 May 2007 Head Office : Flat B, 5/F., Wing Hing Commercial Building, 139 Wing Lok Street, Sheung Wan, HongKong Major Business Areas : Trading (Main Items : Steel, Coal, Iron ore, Pig Iron etc.)

3.  HR, CR, D – BAR, WIRE ROD  STEEL PLATE  STEEL SCRAP  COKING COAL  ANTHRACITE, PCI  IRON ORE  PIG IRON  ETC.

4. SHANDONG TAISHAN IRON & STEEL CO., LTD (HR) THANGSHAN GUOFENG IRON&STEEL CO., LTD (D-Bar) THANGSHAN IRON STEEL GROUP CO., LTD (Plate) LINGYUAN IRON & STEEL CO LTD (HR) HEBEI JINXI SECTION STEEL CO., LTD (H-Beam) HANGZHOU COGENERATION (HONG KONG) COMPANY LIMITED (Plate) JIANGSU YONGGANG GROUP CO., LTD (Wire rod)

5.  MECHEL TRADING AG (RUSSIA)  SIBUGLEMET IMPEX LIMITED (RUSSIA)  DAEWOO INTERNATIONAL (S.KOREA)  KOSTEEL – WIRE ROD, D-BAR (S.KOREA)  GUMCHANG STEEL – CR(S.KOREA)  SAN ZHEN ENTERPRIZES PTE LTD(CHINA)

6. Major Buyer ▫ KOSTEEL ▫ POSCO STEEL SERVICE AND SALES CO., LTD ▫ HALONG SHIPYARD Major export region ▫ CHINA ▫ S. KOREA ▫ N. KOREA ▫ VIETNAM

7.  KOREA EXCHANGE BANK  BANK OF CHINA  UNITED OVERSEAS BANK  DEVELOPMENT BANK OF SINGAPORE

8.  TURNOVER : US$ 450,000,000.- ( Year 2009)  BANK FACILITY ◦ BOC : USD45,000,000 ◦ UOB : USD40,000,000 ◦ DBS : USD10,000,000 ◦ KEB : USD5,000,000