Pangang Group Panzhihua Iron and Steel Research Institute Co., Ltd., established on 2007-12-25, Business scope includes metallurgical process and related processes,Technology Development of Comprehensive Utilization of Metallurgical Resources,transfer,Consulting and Services;new material,new product development,Trial production and sales;Research on metallurgical machinery and equipment and metallurgical materials,Production,Sales;Computer information technology development and information service;Physical and chemical testing and related technology development,consult,Services and Training;Physical and chemical testing equipment repair;General Parts,Fabrication of Metal Structures;Processing and sales of rolled steel products;Conference and Exhibition Services.(Except for projects involving pre-licensing in the above business scope).(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)

HBIS Co., Ltd. engages in the production of steel. It specializes in smelting of vanadium-titanium steel and production of vanadium products. The company steel products are divided into four categories: sheet, bar, wire, and steel profile. Its products include cold rolled sheet, high-strength rebar, and pipeline steel, automobile plates, home appliance plates, pipeline steel, steel for nuclear power, and high-strength earthquake-resistant building materials. The company was founded on June 29, 1994 and is headquartered in Shijiazhuang, China.

Hunan Zhongxin New Material Technology Co., Ltd., established on 2007-08-30, The business scope includes the production and sales of vanadium pentoxide with the valid license of the enterprise;Vanadium nitrogen alloy,Ferrovanadium,Production and sales of ferrovanadium nitride and vanadium aluminum alloy;Alloy production technology research and development;Agricultural and sideline products(Does not contain grain),ethnic handicrafts,electronics,Industrial and mining product sales.(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)

Chengde Vanadium and Titanium New Materials Co., Ltd., established on 2018-08-31, Business scope includes vanadium,titanium,Chrome products,Vanadium Titanium Nanomaterials,Vanadium,titanium,Chromium New Materials and Chromium,Molybdenum product research and development,Production,Sales;Vanadium slag,Titanium slag,steel,billet sales;steel smelting;Refractory Processing,Sales;Vanadium titanium chromium raw material,Accessories,Vanadium Titanium Chromium Products,Ferro Alloy Sales;General cargo transportation,Warehousing Services;Sewage treatment and purification;Energy Efficient Utilization Technical Services;Metallurgical machinery and accessories,electrical equipment,Chemical Equipment,Industrial furnace equipment installation,repair;automation engineering,instrument installation;plumbing installation;Manufacturing of metal components,Install,Sales;Equipment anti-corrosion insulation engineering;computer software development,System integration and operation and maintenance services;Metering service;Belt Gluing Services;Metallurgical Technology Development,Transfer and Consulting Services;houses,Equipment rental service;Import and export business.(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)

Pangang Group Vanadium Titanium & Resources Co., Ltd. engages in the production, processing, and sale of vanadium and titanium products. It offers metal products, mineral products, metallurgical accessories, hardware, electricity, labor protection supplies, vanadium and titanium research and inspection, mechanical equipment maintenance, warehousing and freight forwarding, and related technical services. The company was founded on March 27, 1993 and is headquartered in Panzhihua, China.

Hebei Yanshan Vanadium and Titanium Industry Technology Research Co., Ltd., established on 2019-11-25, Business scope includes metallurgical engineering technology research services;Vanadium,titanium,chromium,Research on Vanadium Titanium Iron and Steel Products,consult,manufacture,Sales;Sewage Treatment and Its Reuse;Manufacturing of building materials,Sales;Manufacturing of non-ferrous metal alloys,Sales;Vanadium battery manufacturing,Sales;Industrial Pigment Manufacturing,Sales;Chemical Reagent and Auxiliary Manufacturing,Sales;Manufacturing of metal crafts,Sales;sporting goods manufacturing,Sales;Metal cutlery and utensil manufacturing,Sales;Manufacturing of metal components,Install,Sales;Medical Device Manufacturing;Manufacture of refractory products,Sales;Quality inspection technical service;Industrial Design Services;Engineering Design Services;Expo Services;Import and export business.(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)

Pangang Group Panzhihua Steel & Vanadium Co., Ltd. is a Chinese company located in Panzhihua and ultimately controlled by the Government of China that manufactures and processes steel products. The firm was acquired by Anshan Iron & Steel Group Corp. from Pangang Group Vanadium Titanium & Resources Co., Ltd. on March 23, 2012.

Maanshan Xingda Metallurgical New Material Co., Ltd., established on 2002-04-22, Business scope includes R&D, production and sales of steelmaking deoxidizers,CSPSpecial composite slag,Low-silicon and low-carbon pre-dissolved refining agent,molten steel slag agent,deoxidation,desulfurization,Dephosphorization,Denitrification series special auxiliary materials for steelmaking,steelmaking,casting special alloy,Alloy cored wire,Special refractories for steelmaking,Furnace Repair Dry Gunning Material,Steel sales,Aluminum processing.(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)

Pangang Group Beihai Special Ferroalloy Co., Ltd., established on 1993-12-09, Business scope includes general items:Ferroalloy smelting;Metal material manufacturing;Mechanical Parts,Parts processing;Import and export;Technology Import and Export;Metal Material Sales;Metal Ore Sales;Sales of non-metallic minerals and products;Refractory Sales;Non-ferrous metal alloy sales;Sales of high-performance non-ferrous metals and alloy materials;General Cargo Warehousing Services(Does not contain hazardous chemicals and other items that require approval);Aquatic product acquisition;Wholesale of aquatic products;Aquatic product retail;Purchase of primary agricultural products;Sales of agricultural and sideline products;production of agricultural products,Sales,processing,transportation,Storage and other related services(Except for projects subject to approval by law,Carry out business activities independently in accordance with the law with a business license)

Chengdu Advanced Metal Materials Industry Technology Research Institute Co., Ltd., established on 2017-06-14, Business scope includes metal materials,Research and development of mechanical equipment and parts,manufacture,Surface treatment and sales(Restrict branches to engage in production, processing and operation in the industrial park);Incubation and transformation of scientific and technological achievements,Technical exchange and technical consulting services;metallic material,Minerals,Inspection of chemical materials;environmental test;Experimental instrumentation,equipment maintenance,Repair and Verification and Calibration(The above items subject to approval according to law,Business activities can only be carried out after approval by relevant departments).

CNMC Ningxia Orient Group Co. Ltd. engages in the research, development and production of metal tantalum, niobium and beryllium products. Its product is used in electronic, metallurgy, chemical, aviation, aerospace industry. The company was founded in January 26, 2008 and is headquartered in Shizuishan, China.

Angang Steel engages in the production, processing, and sale of steel products in the People’s Republic of China. Its principal products include hot rolled sheets, cold rolled sheets, galvanized steel sheets, color coating plates, medium and thick plates, heavy sections, heavy rails, wire rods, seamless steel pipes, and cold rolled silicon steel products. Angang Steel also engages in ferrous metal smelting and steel pressing activities. Moreover, it sells building materials, etc.; provides wholesale and retail purchasing services; develops metallurgy and related materials and equipment; and purchases and sells metal and other materials, as well as imports, exports, wholesales, and retails technology products. Angang Steel’s products are used in various industries, such as machinery, metallurgy, petroleum, chemical, coal, power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. It also exports its products. Angang New Steel that began operation in 1997 became Angang Steel in June 2006. It has its headquarters in Anshan in the People’s Republic of China as a subsidiary of Anshan Iron and Steel Group.

Inner Mongolia Baotou Steel Union Co. Ltd. produces and sells ferrous metals and other rolled processing products, metallurgy machines, equipment and fittings. It other activities include transporting of cargo and provision of steel and iron product technology consulting. The company major products include thin board, rolled board, heavy axles, large-scale trough steel, heavy-caliber seamless tubes, and club materials. Inner Mongolia Baotou Steel Union was founded on June 29, 1999 and is headquartered in Baotou, China.

Jiangsu Province Metallurgical Design Institute Co., Ltd., a subsidiary of Shenwu Energy Saving Co., Ltd., is a company headquartered in Nanjing, China, that provides engineering, procurement and construction services.

Pangang Group Research Institute Co., Ltd. is a company headquartered in Chengdu, China and ultimately controlled by the Government of China. The firm engages in research and development. Anshan Iron & Steel Group Corp. acquired Pangang Group Research Institute Co., Ltd. from Pangang Group Vanadium Titanium & Resources Co., Ltd. on March 23, 2012.

Jinzhou Everbright Ferroalloy Co., Ltd., established on 2006-06-30, The scope of business includes the production of ferro-vanadium,Titanium iron and vanadium aluminum alloy.(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments.)

Zibo Ziyi Metal Materials Co., Ltd., established on 2013-11-04, Business scope includes general items:Manufacturing of non-ferrous metal alloys;Metal Material Sales;Metal Products Sales;Hardware retail;Ferroalloy smelting;Metal material manufacturing;Non-ferrous metal alloy sales;Metal Structure Sales;Sales of high-performance non-ferrous metals and alloy materials;Sales of high-quality special steel materials;Sales of metal wire rope and its products;Chemical product sales(No licensed chemical products);Non-ferrous metal rolling processing;Metalworking machinery manufacturing;Metal Ore Sales;Coal and product sales;electric wire,cable management;Sales of agricultural and sideline products;Purchase of primary agricultural products;Import and export.(Except for projects subject to approval by law,Carry out business activities independently in accordance with the law with a business license)

Yingjing Huasheng Metallurgical Technology Co., Ltd., established on 2007-12-28, The business scope includes nitrided metal materials,Ferrochrome Production,Sales;processing;Sales of ferroalloy products,import and export trade(Except for those prohibited and restricted by the state).(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)

Chengde Iron & Steel Group Co. Ltd., part of Province of Hebei, is a company headquartered in China that manufactures and sells iron and steel products.

Hebei Nuofan New Material Technology Co., Ltd., established on 2017-09-28, The business scope includes new materials for cored wire,Nitriding new materials,Research and development of new refractory materials,Processing and sales;New material technology promotion service;metallurgical material(Does not contain coal)buy and sell.(Items subject to approval by law,Business activities can only be carried out after approval by relevant departments)***