Contract of Leasing the Steel Rolling Equipments to Malaysia

2007-12-7

　With successful utilizing the mature experience attained from railway locomotive leasing business trade, GZZC actively explore the export sales and leasing markets and achieved remarkable fruits not only in locomotive leasing business trade. Recently, the contract of leasing the Steel Rolling Equipments to Malaysia has been formally signed.

　On November 25th, 2007,GZZC and Malaysia signed the contract of leasing Steel Rolling Equipments to Malaysia in Beijing Shangri-La Hotel. Mr.Yang Jianyu, the board chairman, attended the signing ceremony and signed in the Leasing Contract. By means of leasing, GZZC supply Malaysia Group with the whole sets of Steel Rolling Equipments of stainless steel composite plate (square) furnace continuous casting machine production line and the hot-rolling medium stainless steel/hot tandem rolling plate production line and etc. The total contract value is USD$ 38,000,000.