Wo Hing Li, Chief Executive Officer and Leada Li, Chief Financial Officer of China Precision Steel, Inc., preside over the closing bell.

Wednesday, April 25, 2007

China Precision Steel, Inc.
[CPSL]

China Precision Steel is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel produces high precision ultra-thin (3.0 mm to 0.03 mm) cold-rolled steel products primarily for automotive components, food packaging materials, saw blades and textile needle manufacturing companies in the People's Republic of China. China Precision Steel's operation is currently located in The People's Republic of China. However, China Precision Steel intends to expand overseas into Japan, Taiwan, Korea, Thailand, the Philippines, the European Union and the United States in the future. More information about the Company can be found on the Company's website www.shctps.com and in the filings made by the Company with the Securities and Exchange Commission at www.sec.gov.

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