, combined with other issues and debts from past to present, have put the Company in another financial crisis. From the continuing operating loss and the lack of liquidity since 2008, the Company did not have
operating loss and the lack of liquidity since 2008, the Company did not have sufficient funds to operate its business and had to cease the production of hot rolled coil, which further resulted in the
proposed purposes, the order of priority of such purpose should be given, as well as the amount and sources of other funds needed. Disclose also how the proceeds will be used pending their eventual
exercising legal rights to sue against them as well). Besides, receiving compensation will help reduce burden of License fee, adjust financial ratios, and be essential to solving financial problems by reducing
insignificant or a rectification or preventive measures has been adopted, the SEC Office may disregard these facts with respect to such lack of qualifications in support of its consideration. Clause 15 If, during
securities, as well as the suitability for investment and the relevant risk exposure. The effectiveness of the Registration Statement neither represents that the Securities and Exchange Commission, the Capital
establishing the offering price and compare such information with data of other listed companies in the same industry or companies with similar business as well as stating assumptions used in the calculation
, memorandums or any documents and liaison with government agencies or related regulatory agencies as well as complete any appropriate and necessary procedures However, the Company would enter into the above