Fujian Sangang (Group) Co., Ltd. (hereinafter referred to as "Sangang Group") was formerly known as Sanming Iron and Steel Plant in Fujian Province, and was built in 1958. In April 2000, Fujian Sangang (Group) Co., Ltd. was established with the approval of Fujian Provincial People's Government. After more than 50 years of development, Sangang Group has formed a cross-industry, cross-regional and cross-ownership large-scale enterprise group, with an annual output of more than 5 million tons of steel, with the steel industry as the mainstay and multi-industry integration. It is the largest steel production base and fertilizer production base in Fujian Province. At present, Sangang Group has18,200 employees, total assets of 23.208 billion yuan, wholly-owned and holding subsidiaries 14 (among which Fujian Sangang Minguang Co., Ltd. is a listed company), 2 contracted enterprises and 2 entrusted management enterprises.