About KAI YUAN HLDGS Company

Listed on the Hong Kong Stock Exchange, Open Source Holdings Limited (the Company) is an investment holding company that mainly engages in industrial investments. Open Source Holdings Co., Ltd. is committed to developing and investing in the industrial business of China. In 2008, the company acquired shares in Tianjin Heating Development Co., Ltd., and chose the prosperous city of Tianjin directly under the Central Government to develop the company's business. Tianjin Heating Development Co., Ltd. is qualified to supply heat energy to an area of about 21,000,000 square meters in southern Tianjin. Given the increasing demand for heat supply in China and the unique nature of the heat supply business, expanding the heat supply business will surely generate sustainable and long-term revenue and growth for the company. In May 2009, the Group further expanded its business portfolio by successfully acquiring 25% to 30% of the interests of three major steel companies under Rizhao Steel Holding Group Co., Ltd., one of the major steel manufacturers in the Chinese market. In total, these steel companies produce more than 12 million tons per year.