Vice President Wang Zhenwu Leading a Delegation Visiting and Inspecting Chengde Iron & Steel Group Co., Ltd.

On February 23, 2006, accompanied by personnel from Sinosteel Investment Company, vice president Wang Zhenwu and chief accountant Liu Andong visited and inspected Chengde Iron & Steel Group Co., Ltd.The delegation visited the smelting and steel-making plants and got to know the situation in equipment manufacture, product varieties and spot management.

After the visit, a discussion was held between the two parties. During the discussion, deputy general manager of Chengde Steel Mr. Wei Hongru introduced Chengde Steel developing history, equipment manufacture, base construction and its developing plan during the 11th 5-year plan. Afterwards, vice president Wang and chief accountant Liu also introduced Sinosteel’s development and changes and the achievements in overseas resources development, domestic resources development, domestic acquisitions and mergers and business operation. They expressed the wish to communicate with Chengde Steel for co-development.    Personnel from Sinosteel Investment also attended the meeting.

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