China Precision Steel, Inc. (CPSL) is a steel processing company engaged in the manufacturing and selling of precision cold-rolled steel products and in the provision of heat treatment and cutting of medium and high carbon hot-rolled steel strips. The Company produces and sells ultra-thin and cold-rolled steel products with thicknesses ranging from 7.5 millimeters to 0.03 millimeters. It also provides heat treatment and cutting and slitting of medium and high-carbon hot-rolled steel strips not exceeding 7.5 mm thickness. The Company conduct its operations principally in China through its wholly owned operating subsidiaries, Chengtong and Shanghai Blessford, which are wholly owned subsidiaries of its direct subsidiary, Partner Success Holdings Limited. During the fiscal year ended June 30, 2011 (fiscal 2011), the Company sold 175,328 tons of high precision steel products with over one hundred specifications.