Group Profile of Hanking Industrial Group Co., Ltd.

The group has three main businesses: mining, metallurgy and commerce. It has 15 holding subsidiaries and ranked among the top 100 tax-paying private enterprises in China in 2007 with a tax of 350 million yuan. Black There are three rankings in the list of the top 100 metal mining and processing industries and the top 500 tax paying enterprises in China. In 2008, the tax revenue was 560 million yuan. It was rated as "Advanced Private Enterprise in Employment and Social Security" by the Ministry of Labor and Social Security. Yang Min, chairman of the group, was also elected as a representative of the 11th National People's Congress and president of the Liaoning Provincial General Chamber of Commerce Private Mining Chamber of Commerce. He was also awarded the "National Model Worker", "2008 National March 8th Red Flag Bearer Model", and "National Hundred Outstanding Chinese Characteristics" "Socialist Builder", "The First 'Constructor Medal' of Liaoning Province" and other honorary titles.

In order to strengthen corporate management and continuously make the company stronger and bigger, the group has established the business philosophy of "fine management, pioneering innovation, harmonious culture, and efficient operation". In the field of mining production, we have implemented the eight-character production policy of safety, cleanliness, high quality and efficiency, and established the development direction of building harmonious mines, green mines and safe mines.

In the past few years, with the strong support and help from all walks of life, Hanking Group has continued to grow and develop. At present, the group has 9 small and medium-sized iron ore mining and processing enterprises in Fushun, Benxi, Liaoyang and other places. It has obtained 130 million tons of iron ore resource development reserves and has the annual production capacity of 2 million tons of iron concentrate powder, which is mainly sold to Fushun, Benxi, Steel companies in Anshan and Hebei Province are the largest private iron ore production groups in Liaoning Province. While focusing on the development of iron ore resources in the province, Hanking Mining has stepped up its efforts to explore mineral resources outside the province and even abroad. It has hired international mining technical talents to be responsible for project management and technology development, and has successively obtained achievements in Liaoning, Jilin, Tibet, Yunnan and other places. 17 mineral resource exploration projects have been carried out, involving iron ore, gold mine, copper mine, etc. In 2009, Hanking Mining invested heavily to acquire 75% of the equity of the laterite nickel mine project in Southeast Sulawesi, Indonesia, striving to build it into an important basic nickel resource processing and export base in Asia within three years. And use this as a platform to enter the international capital market to accelerate the internationalization of Hanking Mining.

While increasing investment in mining, the Group is actively entering the commercial real estate field. In 2001, it invested in the acquisition of the main building assets and associated land use rights of Fushun Shopping Mall, the second largest state-owned commercial enterprise in Fushun City, and renamed it Hanking Shopping Mall. In 2004, we revitalized and acquired the assets of the main building of Shenyang North Trade Building located in the core area of ??Shenyang Middle Street, and established Shenyang Hanking Department Store Co., Ltd., namely Hanking Department Store 0101 Fashion Hall, to build it into the first youth fashion store in Liaoshen area. Theme department store. In 2008, the "Tianchen Building" located at the top of Qingnian Street was acquired and renamed "Hanwang Building" to provide tenants with a 5A-level office environment.

The success of mining development has created conditions for the group to extend to the downstream industrial chain. Based on the group’s high-grade mining resources, low impurities, and ability to smelt high-quality pig iron, the group has established a development path of “high-quality steel”. In 2002, the group purchased the patented direct reduced iron technology developed by the University of Science and Technology Beijing and established Fushun Hanking Direct Reduced Iron Co., Ltd., using its own high-quality iron ore resources to smelt casting pig iron. At present, "Hanwang" brand pig iron is a famous trademark and famous brand product of Liaoning Province. Its market share of iron for wind power castings and nuclear power castings exceeds 50%. It is a pilot enterprise for the national high-quality foundry pig iron base.

In the process of extending to the downstream steel industry, the Group actively participates in the restructuring of state-owned steel companies or state-controlled steel companies based on national macroeconomic policies and the company's own conditions. In June 2004, the Group invested in the acquisition of 75% of the Chinese equity in the Sino-Japanese joint venture Shenyang Toyo Steel Co., Ltd., and carried out technical transformation of Toyo Steel's continuous casting, steel rolling and other production lines and equipment. At present, Toyo Steel has established an annual production capacity of 500,000 tons of high-quality special steel large bars.