Date: 2013-07-31

CJGH Participates in Chinese Government's Five-Year Technology Development Program of Steel Ball Industry

China Jiangsu Golden Horse Steel Ball Participates in Chinese Government's Five-Year Technology Development Program of Steel Ball Industry

China Jiangsu Golden Horse Steel Ball, Inc. (CJGH),a leading Chinese manufacturer and supplier of ball bearings, wishes to announce that its controlled affiliate, Jiangsu Golden Horse Steel Ball Co., Ltd. ("Jiangsu Golden Horse") will take an active role in the Chinese Government's 11th five-year technology development plan of the steel ball industry, which is formulated based on the requirements of China's Bearing Industry 11th five-year development program, has been approved by China Bearing Industry Association Technology Committee.

Jiangsu Golden Horse, a domestic People's Republic of China company, will undertake several new technology developments in the steel ball industry for 2008 and 2009. Three programs are slated for 2008 and will include the research of G3 grade high-precision steel balls, the research of new resin grinding wheel milling techniques, and the development of automotive bearing steel wire. In 2009, three programs will research the life span test machine of steel balls, development of steel ball line processing technology, and the development of cold heading active control technology of steel balls.

"We take great pride to take an active role in the government's 11th Five-Year Technology Development Program of Steel Ball Industry in China and continue our leading position in the steel ball industry," stated Qiang Ma, President of China Jiangsu Golden Horse Steel Ball, Inc. "Our company employs more than 50 engineers and we look forward to the research and development programs to improve the equipment, the product quality and technologies of steel ball production."

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