Qiao Ling Lu

Magang (Group) Holding Co., Ltd. principally engages in the manufacture and sale of iron and steel products. It involves in the smelting, rolling processing, and sale of ferrous metals. The company also covers businesses of finance, environment protection, logistics, trading, engineering, steel structures, equipment manufacturing and erection, technology consulting, and labour services. Its products include hot and cold-rolled strips, ship plates, angles, beams, channels, wire rods, and train wheels and tires. The company was founded in February 1953 and is headquartered in Maanshan, China.

China Baowu Steel Group Corp. Ltd. engages in state-owned capital investment and operation. It focuses on steel production, green development, intelligent manufacturing, and service transformation. The company was founded on January 1, 1992 and is headquartered in Shanghai, China.

Hwabao Trust Co., Ltd. is a Chinese company that provides trust services. The company is based in Shanghai, China and was founded in 1998. The company is ultimately controlled by the Government of China.

Baowu Group Zhongnan Steel Co., Ltd. is a Chinese company that manufactures iron and steel. The company is based in Guangzhou, China and was founded in 1966. The company is a subsidiary of Baowu Steel Group, which is ultimately controlled by the Government of China.

Hwabao Investment Co., Ltd. engages in the investment and management of companies. Its main business involves investing in metallurgy and other related industry, investment consulting & business consulting services. The company was founded on November 21, 1994 and is headquartered in Hainan, China.

Baosteel Group Finance Co., Ltd. provides non-bank financial services. Its services include payment settlement, deposits and loans, bill discounting, financial leasing, portfolio investment, forward foreign exchange settlements and sales, entrusted loans and investments, financial consulting, and treasury services such as cash services, bill services, and foreign exchange services. The company was founded on October 6, 1992 and is headquartered in Shanghai, China.