The relationship between Changbao and Baosteel

Changbao Co., Ltd. is a holding subsidiary of Baosteel. Changbao Co., Ltd. is a listed company specializing in the manufacture and service of special pipelines. Founded in 1958, the company joined Baosteel Group on 1989 and became a holding subsidiary of baoshan iron & steel. Baoshan Iron and Steel Co., Ltd. (hereinafter referred to as "Baoshan Iron and Steel") is the largest and most modern integrated iron and steel enterprise in China.