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Listed on the Hong Kong Stock Exchange, Kai Yuan Holdings Limited (the "Company") is an investment holding company focusing on industrial investments.Kai Yuan Holding Limited is dedicated in industrial investments in the PRC. In 2008, through acquiring interests in Tianjin Heating Development Company Limited, the Company has commenced this evolution of its business portfolio, with the first point of operation being the prospering municipality of Tianjin. In view of the necessity of, and increase in demand for, heat energy supply in the PRC, as well as the uniqueness of heat energy supply industry, the expansion into heat energy supply is set to bring sustainable and long-term profitability and growth to the Company.In May 2009, the Group further expanded its business portfolio via completing the acquisition of 25%ヨ30% interests in three key subsidiaries of Rizhao Steel Holding Group Company Limited, one of the leading steel manufacturers in the PRC market. Tianjin Heating Development Company Limited is entitled to supply heat energy for an aggregate area of approximately 21, 000, 000sq.m. in southern Tianjin. The annual steel product output of these steel-making enterprises exceeds 12 million tonnes.
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