Date: 2013-07-31

Baosteel signed the new Strategic Cooperation Framework Agreement with FAW for the more Spread Field and Further Level Development

The new strategic cooperation framework agreement ceremony was held in the headquarters of the first automobile group company between Baosteel Group Cooperation and FAW with the cooperation history review and the common development future prospect for both parties in a friendly and warm atmosphere. Those who signed on the agreements were the presents from both parties: Baosteel group co., LTD., chairman of the board Xulejiang, The first automobile group chairman of the board secretary of the party committee Xujian. The presents for the signing ceremony also included: Baosteel shares general manager Maguojiang, the first automobile group company deputy general manager Jinyi, Faw car general manager Zhangpijie, FAW Liberation Company the general manager Wanglizhi.

Both parties cooperated and made great progress in material localization, light weight, new material research and development, JIT distribution, information construction, etc. for many years. The new signing for the strategic cooperation agreement indicated a more spread and further level development on the base of years of win-win cooperation for both parties. According to the agreement, more extensive cooperation space will be expanded in the cost and value management for supply chain, the new research and development for new material, the early involvement for new automobile type, material localization, aluminum plate research and development.

As is pointed out on the signing ceremony by Xujian, for a long period, the good strategic partnership was founded between Baosteel and FAW, which opened a classic cooperation mode between domestic automobile factory and steel mill in JIT distribution, informatization, and

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