On June 21, 2006, China Securities Regulatory Commission issued a public notice that on the 9th session of the Issuing Authority work conference, the commission approved Sinosteel Anhui Tianyuan Technology Co., Ltd. (Sinosteel Tianyuan) to issue shares.
Sinosteel Tianyuan’s IPO application having been approved marks that the first self-developed IPO company come into being. This is the first time that a Sinosteel subsidiary issued shares publicly; it is also a breakthrough of Sinosteel entering security IPO market, which is a milestone of significant meaning.