1. Tianjin Haijinde Trading Co., Ltd.
2. Hangzhou Ciec International Co., Ltd.
3. Hangzhou Cogeneration (Hong Kong) Company Limited
4. Singapore (Cogeneration) Steel Pte. Ltd.
5. Sumec International Technology Co., Ltd.
6. Win Faith Trading Limited
7. Rich Fortune Int’l Industrial Limited
8. China-Base Resources Ningbo Ltd.
9. Chengtong International Limited
10. China Chengtong International Co., Ltd.
11. Sino Commodities International Pte. Ltd.
12. Zhejiang Materials Industry International Co., Ltd.
13. Arsen International (HK) Limited
14. Shanghai Nanta Industry Co., Ltd.
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