Tianjin Zhenhong Renewable Resources Co., Ltd. is located in Shuangxin Industrial Park, Xinzhuang Town, covering an area of more than 100 acres and has two material yards under its jurisdiction. It is a strong private enterprise in the town with a registered capital of 20 million yuan and fixed assets of 30 million yuan.

Beijing Bokun Renewable Resources Development Co., Ltd. was established on March 3, 2011, and is a subsidiary invested and controlled by China Re Resources Renewable Development Co., Ltd. The company has a registered capital of 15 million yuan and specializes in the comprehensive recycling, processing, and utilization of waste steel. Having the right to operate and act as an agent for the import and export of goods. The company is located in Guoxian Town, Tongzhou District, Beijing, adjacent to the East Sixth Ring Road, Beijing Tianjin, and Beijing Shenyang Expressway, with convenient transportation. The total area is 62533 square meters, with a planned construction area of 70 acres.

Mianyang Zhuolong Metal Recycling Co., Ltd. has been engaged in the recycling and dismantling of scrapped vehicles and the recycling and utilization of renewable resources for more than 30 years. In 2009, the company was listed as a pilot enterprise for the upgrading and transformation of scrapped vehicle recycling and dismantling in Sichuan Province. It is the largest and most important scrapped vehicle recycling and dismantling enterprise in Mianyang City that has obtained national recognition qualifications.

Hubei Xingye Steel Furnace Material Co., Ltd. is a private enterprise founded by Mr. Zhou Yingchun in 1993, mainly engaged in the acquisition, processing, and distribution of scrap steel. The company's headquarters is located next to Macheng Railway Station, one of the top ten hubs of the Beijing Kowloon Railway, and its self built 6.5 kilometers of three dedicated railway lines are connected to Macheng Railway Station. Xingye Company has 8 branches (subsidiaries) in Henan, Hubei, Shanxi, and Shandong, with total assets of 1 billion yuan and over 1000 employees. The company has a dedicated processing and storage area of 1400 acres, with nearly 400 sets of dedicated processing and transportation equipment. The company has purchased more than 60 sets of large and small equipment from Hubei Lidi Machine Tool Co., Ltd., with a total annual processing and distribution capacity of 3 million tons. In November 2003, the company established the first "scrap steel recycling, processing and distribution center" in central China in Macheng City, and has established long-term strategic partnerships with Wuhan Iron and Steel Group, Hubei Iron and Steel Group, Xinye Iron and Steel Group, and Hebei Iron and Steel Group. The company's scrap steel products are directly delivered to various steel mills through trains and its own car fleet.

Chaoyang Yitong Metal Recycling Resources Co., Ltd. was founded in 2006 and is located in Chaoyang High tech Park. Mainly engaged in the acquisition, processing, distribution, and import and export of waste steel. The company has a PSX-6080 type crushing steel production line and production equipment such as gantry cranes, electronic truck scales, loaders, steel grabbing machines, shear machines, and briquetting machines, as well as various professional technical talents. It can handle the dismantling of scrapped cars, waste household appliances, and various mechanical and electrical equipment eliminated from factories and mines. The production capacity for processing and processing 500000 tons of scrap steel has been established. The main products include crushed scrap steel and various qualified furnace materials. The crushing line PSX-6080, YB81-100T metal hydraulic packaging machine, two shear machines Q43Y-85D, and the steel grabbing machine ZLJ-16 were all purchased from Hubei Lidi Machine Tool Co., Ltd.

Shanghai Cha'nan Renewable Resources Co., Ltd. (hereinafter referred to as "Cha'nan Renewable") was established in 2004 with a registered capital of 50 million yuan. Mainly engaged in the recycling, processing, and sales of waste metals. Establish a comprehensive renewable resource recycling and utilization system that integrates the recycling, logistics, collection, sorting, processing, and sales of scrap steel. The company is located to the west of the Jiading Jiangqiao Logistics Park, adjacent to the automotive hub of Anting Town. With a well-developed industrial foundation, it creates strong conditions for the operation and development of the enterprise.

Baosteel Resources is a wholly-owned subsidiary of Baosteel Group, with headquarters in Shanghai and Hong Kong, mainly engaged in investment, trade, and logistics/services of mineral resources. We have 15 subsidiaries in China and 2 subsidiaries and offices in Australia and South Africa. Baosteel Resources pursues international cooperation and win-win results, focusing on the global allocation of mineral resources, and is committed to providing customers with high-quality products and value-added services, achieving leapfrog development in businesses such as ore, coal, alloys and non-ferrous metals, stainless steel raw materials, scrap steel, and logistics.