Our company and the Jiangxi Tungsten Industry Group Co.,Ltd have a scientific and technological cooperation and hold the signing ceremony in Jiangxi on July 8, 2008. Zhong Xiaoyun,the general manager of Jiangxi Tungsten Industry Group Co.,Ltd.,and Zhang Peilong, the general manager of Hold Fortune (Beijing) Industry Co., Ltd on behalf of Jiangxi Tungsten Group and Hold Fortune singed on the joint venture agreement.