Brief introduction of Aoyang Shunchang

Jiangsu Aoyang Shunchang Metal Materials Co., Ltd. (hereinafter referred to as "the Company") held the third extraordinary shareholders' meeting in 2009 on August 28th, 2009, and deliberated and passed the Proposal on Changing the Implementation Mode of Some Raised Funds Investment Projects. It is decided to change the10.5 million tons/year aluminum alloy sheet processing logistics distribution project from Zhangjiagang Runsheng Technology Materials Co., Ltd. to Zhangjiagang Runsheng Technology Materials Co., Ltd. and its subsidiary Guangdong Runsheng Technology Materials Co., Ltd. (hereinafter referred to as "Guangdong Runsheng") * * *, and authorize the management of Zhangjiagang Runsheng Technology Materials Co., Ltd. (hereinafter referred to as "Zhangjiagang Runsheng") to handle the establishment of Guangdong Runsheng. Guangdong Runsheng was wholly-owned by Zhangjiagang Runsheng with a registered capital of 60 million yuan, of which 45 million yuan was raised for investment.