Jiangsu Zhongsheng Investment and Development Co., Ltd. settled in Benniu Town, Wujin District, Changzhou City in February 2007, with a registered capital of 50 million yuan; Affiliated to China Renewable Resources Development Co., Ltd., it is the largest professional renewable resource recycling enterprise and industry leader in China controlled by China Supply and Marketing Group. Jiangsu Zhongrui Investment and Development Co., Ltd. is committed to building, managing, and operating the Changzhou Renewable Resources Industry Demonstration Base.

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.

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.

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.