November 1, 2013, China Saite Group Company Limited (“China Saite”) successfully launched its initial public offering for a Hong Kong Stock Exchange main board listing under the stock code of 0153. The company issued 400 million shares priced at HKD 1.03 per share, raising approximately HKD 383.8 million in total.

China Saite is an integrated steel and prefabricated construct ion solution provider. Its headquarter is located in Yixing, Jiangsu Province, with an operation history of approximately 15 years.

Jingtian & Gongcheng acted as the issuer’s PRC legal counsel.