Wuhan Iron and Steel Co., Ltd.

Wuhan Iron and Steel Company Limited is principally engaged in the production and sale of iron and steel products. The Company primarily provides hot rolled products including hot rolled plates, medium thick boards, heavy sections, high speed wires and steel bars, as well as cold rolled products including cold rolled and coating boards and cold rolled silicon steel, among others. During the year ended December 31, 2007, the Company obtained approximately 49% and 46% of its total revenue from the sale of cold rolled products and hot rolled products, respectively. In 2007, the Company produced approximately 11.65 million metric tons of iron, 11.9 million metric tons of steel and 10.56 million metric tons of steel products. The Company mainly distributes its products in China’s domestic market.