TIANJIN QIFENG GROUP CO. LTD.

Established in 2004, Tianjin Qifeng Group Co., Ltd. covers over 130,000 square meters and has more than 1,500 employees. With total investment of USD55,000,000, our company produces cold-rolled and hot-rolled steel strips and high-frequency welded pipes. Our company is an administrator of or shareholder in a range of leading enterprises in the steel field: Tianjin Zhayiqifeng Steel Co., Ltd.; Tianjin Qiyi Industry and Trade Co., Ltd.; Hubei Jiayu Qifeng Pipe Co., Ltd.; Tianjin Qixiang Industry and Trade Co., Ltd.; and Tianjin Qifeng Commerce and Trade Co., Ltd. Tianjin Zhayiqifeng Steel Co., Ltd. is a joint venture with Tianjin Zhayi Iron and Steel Co., Ltd.; a large state-run enterprise that produces hot-rolled steel strips. With fixed assets of USD20,000,000, our company has an annual  

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production capacity of 800,000MT of hot-rolled steel strips. Each coil weighs between 1.7MT and 3.5MT. Tianjin Qiyi Industry and Trade Co., Ltd. has fixed assets of USD15,000,000 and mainly produces cold-rolled steel strips, with an annual production capacity of 400,000MT. Hubei Jiayu Qifeng Pipe Co., Ltd. mainly produces welded pipes, with an annual production capacity of 1,000,000MT. This company has 27 sets of high-frequency welded pipe production lines for diameters between 0.5" and 8". We have installed a new and complete galvanized welded pipe production line, and plans are in place to add square pipe and U-shaped steel production lines in 2007. All equipment has the highest technical capabilities and the most stable performance. Tianjin Qixiang Industry and Trade Co., Ltd. and Tianjin Qifeng Commerce and Trade Co., Ltd. are both trading enterprises that mainly deal with hot-rolled and cold rolled steel strips produced by various domestic steel plants. They also handle pipes, stainless steel, construction materials, rubber products, fine iron powder, coal and various types of welded pipe processing. These two companies have managerial import and export autonomy. While developing and enhancing these projects, our company has invested USD1,200,000 into building a 350,000kV transformer substation, as well as an additional USD850,000 to modernize our industrial park with integrated residence, restaurant, business and entertainment structures. Our company has respected a founding principle since our inception: "In order to have economic efficiency as our core, we must take customers' benefits as the core". On behalf of CEO Mr. Liu Fengqi and General Manager Wang Xingmin, our entire staff looks forward to your comments and inquiries.