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Does the subsidiary of Xianggang Group include Lengshuijiang Iron and Steel Company?

Not included. Hunan Iron and Steel Group, formerly known as Hunan Valin Iron and Steel Group Co., Ltd., was jointly established by three major iron and steel enterprises: Xianggang, Lian Gang and Henggang. Lengshuijiang Iron and Steel Company is an iron and steel enterprise located in Lengshuijiang City, central Hunan Province, which belongs to Hunan Bochang Holding Group Co., Ltd., so its subsidiaries do not include Lengshuijiang Iron and Steel Company.