Qi Ming Tang

China Baowu Steel Group Corp. Ltd. engages in state-owned capital investment and operation. It focuses on steel production, green development, intelligent manufacturing, and service transformation. The company was founded on January 1, 1992 and is headquartered in Shanghai, China.

Hwabao Trust Co., Ltd. is a Chinese company that provides trust services. The company is based in Shanghai, China and was founded in 1998. The company is ultimately controlled by the Government of China.

Baowu Group Zhongnan Steel Co., Ltd. is a Chinese company that manufactures iron and steel. The company is based in Guangzhou, China and was founded in 1966. The company is a subsidiary of Baowu Steel Group, which is ultimately controlled by the Government of China.

Hwabao Investment Co., Ltd. engages in the investment and management of companies. Its main business involves investing in metallurgy and other related industry, investment consulting & business consulting services. The company was founded on November 21, 1994 and is headquartered in Hainan, China.

Baosteel Group Finance Co., Ltd. provides non-bank financial services. Its services include payment settlement, deposits and loans, bill discounting, financial leasing, portfolio investment, forward foreign exchange settlements and sales, entrusted loans and investments, financial consulting, and treasury services such as cash services, bill services, and foreign exchange services. The company was founded on October 6, 1992 and is headquartered in Shanghai, China.

Henan Longyu Energy Resources Co., Ltd. engages in processes, manufacture, and distribution of coal products. The company was founded on August 28, 2003 and is headquartered in Yongcheng, China.

Maanshan Iron & Steel (HK) Ltd. is a Chinese company that manufactures and distributes iron and steel products. The company is based in Hong Kong, Hong Kong. The company is ultimately controlled by the Government of China.

Baosteel Metal Co., Ltd. engages in the manufacture and sale of metal products. It also engages in the distribution of industrial gases and provision of automotive trade and services. The company was founded on December 13, 1994 and is headquartered in Shanghai, China.

Magang Group Finance Co., Ltd. provides depository and loan services. The company is based in Maanshan, China. Magang Group Finance Co. was acquired by Maanshan Iron & Steel Co., Ltd. from Magang (Group) Holding Co., Ltd. on February 09, 2012 for $68.20 million. Magang Group Finance Co. was founded in 2011 and ultimately controlled by the Government of China.

Ouyeel Co., Ltd. engages in commodity trading businesses. It operates a commodity trading platform, logistic centers, and in industrial intelligence services. The company was founded on February 4, 2015 and is headquartered in Shanghai, China.

Masteel Hong Kong Co., Ltd. is a company that sells steel and iron ore. Masteel Hong Kong Co., Ltd. is based in Hong Kong, Hong Kong. Masteel Hong Kong Co. was founded in 1998 and was acquired by Maanshan Iron & Steel Co., Ltd. on December 31, 2018 for $3.37 million. It is ultimately controlled by the Government of China.

Hwabao Shanghai Equity Investment Fund Management Co. Ltd. is an investment fund management company founded in 2016. The company is based in Shanghai, China and ultimately controlled by the Government of China. The Chinese company provides investment fund management services.

Ma Steel Scrap Steel Co., Ltd. engages in the recycling, processing, and sale of waste metal materials. Its business activities include warehousing, domestic trade agency services, and sale of pig iron. The company was founded on April 29, 2011 and is headquartered in Maanshan, China.

Phima Intelligence Technology Co., Ltd. engages in the provision of integrating intelligence, scientific research, engineering, consulting, and cloud services. Its hardware products include fully automatic hydraulic heavy-duty manipulator and refractory brick palletizing robot. Its software products include turbine power generation monitoring software, crank flying shear control system, material tracking software, tension control software in the furnace, continuous unwinding line uncoiling and coiling machine control software, continuous loop loop control software, optimization control software for converter gas recovery station, and basic Energy management system . The company was founded on May 15, 2002 and is headquartered in Ma'anshan, China.