CSC Phoenix (HK) Investment & Development Co., Ltd

CSC Phoenix (HK) Investment & Development Co., Ltd. (hereinafter referred to as HK Company) was registered and established in Hongkong in June 2007 and is a wholly-owned subsidiary under Changjiang Shipping Group Phoenix Co., Ltd which is listed in Shenzhen stock exchange whose mother company is SINOTRANS & CSC Group(www.sinotrans.com), of which main business is operation of ocean-going bulk-cargo transport and auxilary operation is domestic trade transport, including iron ore, coal, cement clinker, etc.. Its operation shipping line covers various ports over the world. In addition, special office institution is set up in Shanghai.