Qingdao Sino Steel Co., Ltd.

Announcement of Change in the Company Name

Qingdao Sino Steel Co., Ltd. (the “Company”) and its whole members of Board ensure that the announcement is free from any important omissions, fictitious information or misleading statements.

The Company appreciates the support and help from all the clients and friends over the years. For the development of the Company, On November 8, 2016, Qingdao Sino Steel Co., Ltd is approved and issued the new business license of Shandong Sino Steel Co., Ltd. The business operation of Qingdao Sino Steel Co., Ltd. has remained unchanged.

Hereby notify the above.

Shandong Sino Steel Co., Ltd.

Qingdao Sino Steel Co., Ltd.

Board of Directors

November 15, 2016