Jiangsu Chenlong Recycling Resources Co., Ltd. is affiliated with Jiangsu Chenlong Investment Group, whose headquarters is located in Chenlong Building, Zhangjiagang City. Since 1996, the following companies have been established: - Chenlong Construction and Decoration Engineering Co., Ltd., which has achieved a production value of approximately RMB 1.5 billion to date; - Chenlong Real Estate Development Co., Ltd., which has developed over 700,000 square meters of real estate; - Chenlong Splendid International Trade Co., Ltd., engaged in related import and export business; - Chenlong International Freight Forwarding Co., Ltd., providing international freight forwarding services; - In June 2009, approved by the Jiangsu Provincial Development and Reform Commission, Jiangsu Chenlong Recycling Resources Co., Ltd. was established. The company is located in the Zhangjiagang Recycling Resources Development Park, Jiangsu Province, China, adjacent to the Zhangjiagang foreign trade port on the Yangtze River. The registered capital of the company is RMB 100 million, covering an area of 72,000 square meters, with a construction area of 35,000 square meters. It owns a 6,000HP imported scrap car dismantling and crushing line, designed with an annual capacity of 600,000 tons, and the total investment in the project is RMB 250 million. The company has been approved by the State Environmental Protection Administration and is authorized by Jiangsu Province to operate the import, dismantling, and crushing of compressed scrap cars, as well as the sale of recycled steel, copper, aluminum, rubber, plastic, glass, leather, and other products. In recent years, in addition to continuing to consolidate and develop its business in importing compressed scrap cars, Chenlong Recycling Resources has also actively expanded its domestic scrap steel acquisition, processing, crushing, and sales business. Currently, the company has set up more than ten scrap steel collection points in neighboring provinces such as Zhejiang, Shanghai, Jiangsu, and Anhui, mainly acquiring various types of scrap steel including compressed car blocks, motorcycle frames, mixed compression, light steel keels, household appliances, channel steels, and angle irons. The produced crushed materials contain few impurities and are of high purity. After being selected through a patented production line, they almost do not contain any non-ferrous metals, rubber, plastics, soil, or glass, resulting in high-quality products that are in high demand in the market. In 2016, Chenlong Recycling Resources achieved a production capacity of 200,000 tons, and plans to complete 350,000 tons in 2017. The company has signed long-term supply agreements with large steel mills like Shagang. Moving forward, it will continue to vigorously develop its domestic scrap steel business and looks forward to collaborating with all units and ambitious individuals in the scrap steel industry for mutual benefit and win-win outcomes. The company adheres to the corporate mission of "turning waste into treasure, green environmental protection, resource recycling, and benefiting future generations," and takes integrity as its guiding principle. Leveraging the advantages of the industry and its excellent geographical location, the company aims to become a leading enterprise in the same industry both at home and abroad. Mr. Longsheng Gu, the chairman of the company, sincerely hopes to work together with friends from home and abroad who are committed to the development of the recycling resources industry, advancing hand in hand towards a glorious future.