New Steel and Vanadium [000629] 19/03/2007 Current price: 6.26 Average price: 6.22 Change: -0.01 Today's opening: 6.05 Range: -0.16% Highest: 6.35 Current hands: 3132 Lowest: 5.97 Total hands: 380973 External market: 170836 Internal market

: 206911 Earnings per share (yuan): 0.2500 Current circulation (10,000 shares): 138145.85 Net assets per share (yuan): 3.3500 Total share capital (10,000 shares): 254834.83 Provident fund per share (yuan): 1.4455 Main business income growth (%

): -6.09 Undistributed profit per share (yuan): 0.6214 Net profit year-on-year growth (%): -19.08 Operating cash flow per share (yuan): 0.1563 Return on net assets (%): 7.56————————

———————————————————————————— 2006 mid-term earnings per share (yuan): 0.1800 Net profit growth (%): -25.80 2006 mid-term main

Operating income (10,000 yuan): 668953.82 Main operating income year-on-year growth (%): -12.402006 mid-term operating cash flow per share (yuan): 0.0411 Return on net assets (%): 5.54————————————

————————————————————Distribution plan: It is planned to issue 3.2 billion yuan of convertible corporate bonds for separate transactions. Recent ex-rights: 10 will get 5 and 1 will be sent (06.4.

24) Estimated annual report release date: 2007-04-27☆ Previous name: Panzhihua Steel Plate -> New Steel Vanadium -> G New Steel Vanadium -> New Steel Vanadium ◆ Latest News ◆ (1) December 8, 2006

Announcement, the company's issuance of 3.2 billion yuan of separately traded convertible bonds and 800 million warrants will be listed for trading on December 12, 2006.

Warrant holders can choose to exercise their options on November 28-30, 2007, December 3-7, 2007, and December 10-11, 2007, or on November 28, 2008, or

The options will be exercised on December 1-5 and December 8-11, 2008.

(2) Announced on November 30, 2006, the company completed the issuance of 3.2 billion yuan of separable and tradable convertible bonds, with a coupon rate of 1.60% and a face value of 100 yuan each. Each bond can obtain 25 warrants free of charge.

The exercise price of the warrant is 3.95 yuan/share, the exercise ratio is 1:1, and the duration is 24 months.

The funds raised were used to acquire the Panzhihua Iron and Steel Co., Ltd. Cold Rolling Plant, the first phase project of the Baima Iron Mine, the rail beam factory universal production line technical transformation project, etc.

(3) Panzhihua New Steel and Vanadium Co., Ltd. was rated as the most friendly listed company in the eyes of investors in the "Great Wisdom Cup" 2005.

(4) It was announced on November 9, 2006 that some restricted shares can be listed and circulated on November 13, 2006; the total number of shares that can be listed and circulated in this application is 69.18 million, accounting for 5.60% of the total number of restricted shares, of which

39 million shares are frozen and cannot be circulated until the freeze is lifted.

(5) It was announced on August 10, 2006 that the 215.17 million circulating shares held by Panzhihua Iron and Steel Co., Ltd. through the exchange due to the implementation of share reform have met the conditions for unlocking.

On August 10, 2006, the above-mentioned shares held by Panzhihua Iron and Steel Co., Ltd. can be circulated in the secondary market.