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Relationship between Xingcheng Special Steel and CITIC Group
Partnership.

Jiangyin Xingcheng Special Steel Co., Ltd. is an enterprise invested and established in Hong Kong by CITIC Pacific Limited on 1993. Being affiliated to CITIC Special Steel Group, it has the honorary titles of key high-tech enterprises of the National Torch Program and the president unit of China Special Steel Enterprise Association. It shows that Xingcheng Special Steel has a close relationship and cooperation with CITIC Group.