Zhejiang Hangong Energy Co., Ltd., established in May 2012 with a registered capital of 300 million RMB, is a wholly-owned subsidiary of Kaihang Materials  Industry Co., Ltd. It mainly engages in the integrated steel supply chain services, including the trading of steel raw materials and finished steel products.

Gallop Resources Pte. Ltd., was established on July 5, 2013, with a registered capital of 500,000 US dollars, registered in Singapore. It is a wholly-owned subsidiary of Kaihang Materials Industry Co., Ltd. Its business scope mainly includes trade and services of metal materials, metallurgical furnace materials, mineral products, coal, etc.