MaGang Group Finance Company Limited

Masteel Group Finance Co., Ltd

Masteel Group Finance Co., Ltd. was established on October 9, 2011. Ding Yi, the legal representative of the company, is engaged in the following domestic and foreign currency businesses: handling financial and financing consulting, credit authentication and related consulting and agency business for member units; assisting member units to realize the receipt and payment of transaction funds; approved insurance agency business; providing guarantee for member units; handling entrusted loans and entrusted investment between member units; and supporting the success of the company Member units handle bill acceptance and discount; handle internal transfer settlement between member units and corresponding settlement and liquidation scheme design; absorb deposits of member units; handle loans and financial leasing for member units; engage in inter-bank lending; underwrite corporate bonds of member units; portfolio investment (limited to all kinds of products issued in inter-bank market, money market funds, securities, etc.) Securities investment funds, local government bonds, corporate bonds, as well as financial products issued by banks, trusts and other financial institutions; buyer's credit for products of member units; handling spot settlement and sales of foreign exchange for member units; carrying out centralized operation of cross-border foreign exchange funds of Masteel group as the host enterprise; carrying out cross-border two-way people's Bank loan of Masteel group as the host enterprise Other business approved by the CBRC.