Date：2007/09/29

Langfang STAL Precision Stainless Steel Co., Ltd. was established on September 7, 2007.

Langfang STAL stands as the second subsidiary in the field of slitting, processing and selling the precision-rolled stainless steel strip wholly invested by Shanghai STAL in China so as to strengthen its competitiveness in the Northern China region. The total investment amounts to 20 million RMB while the registered capital equals to 10 million RMB.

Langfang STAL commits to quick delivery and follow-up service with sincere attitudes as the principle for the customers mainly in Beijing, Tianjin and Langfang in Hebei Province in order to develop the market.

Langfang STAL will be put into operation in October, 2007. The main processing equipment is a 650mm-wide and a 350mm-wide slitters. The annual capacity can be up to 4,000 MT.