Equity proportion

Zhang Huaide




    Precision Castparts Corp. was founded in October 1956. Precision Castparts Corp. is based in Portland, Oregon, U.S.A. The Company has approximately 17,000 employees now. Ordinary shares of Precision Castparts Corp. are listed on the New York Stock Exchange. Precision Castparts Corp. is a member of the Fortune 500 (ranked 362nd in 2009). Precision Castparts Corp. is a manufacturer of complex metal components and products.

     SPS Asia Limited is a wholly owned subsidiary of Precision Castparts Corp. SPS Asia Limited is based in Hong Kong. SPS Asia Limited manages Precision Castparts Corp.’s Asian businesses.

    Currently, SPS Asia Limited is the sole shareholder of Chengde Pipe Hong Kong Limited (former name: Carlyle Marco Polo Hong Kong Limited) which is a shareholder of Yangzhou Chengde Steel Pipe Co., Ltd since 2006.