Chongqing Yugang Titanium Dioxide Co., Ltd. was established in 1. 1958, and was restructured from Chongqing Chemical Plant. It was listed on1July, 993 12 with the stock code of 005 15.

2. After that. It was integrated into Chongqing Titanium Industry Co., Ltd. of Pangang Group.

3. On May 6th, 2009, the listing of the company's shares was terminated. The stock has been converted into Vanadium A at Panzhihua Iron and Steel Company at the ratio of 1: 1.78.

Shares, and will be listed and traded on the Shenzhen Stock Exchange from May 6, 2009.