Chiho-Tiande Group Trading Debut
IPO raises HK$556.2 million; Shares close at HK$2.39

[12 July 2010, Hong Kong] Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Company”, together with its subsidiaries, the “Group”, stock code: 976), the largest importer of Mixed Metal Scrap in the PRC, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”) today.

Shares of Chiho-Tiande were traded with an intra day high of HK$2.52 per share and closing at HK $2.39 per share. An aggregate turnover of approximately HK$59.24 million were traded and the Company has raised net proceeds of approximately HK$556.2 million from its Global Offering.

CCB International is the Sole Global Coordinator, Sole Bookrunner, Sole Lead Manager and Sole Sponsor of the Global Offering.

Mr. Fang Ankong(left 6), Executive Chairman & Chief Executive Officer of Chiho-Tiande, together with the company’s directors, government officials of Taizhou City, Zhejiang Province and committee members of the HKEx.

Mr. Fang Ankong (left), Executive Chairman & Chief Executive Officer of Chiho-Tiande, presented the “Galloping Horse”, a souvenir made of metal scraps to Mr. Lawrence Fok (right), Head of Issuer Marketing Division of the HKEx.