China Gerui Advanced Materials Group Limited is a non state-owned contract manufacturer of cold-rolled high precision narrow strip steel products. It converts steel manufactured by third parties into thin steel sheets and strips according to the customer’s specifications. It sells the products to the domestic Chinese customers who primarily operate in the food and packaging, construction materials, telecommunications cable and equipment and electrical appliances industries. As of December 31, 2009, the Company operated six sets of cold-rolled steel production lines with an annual steel processing capacity of approximately 250,000 metric tons and a chromium coating production line with an annual capacity of approximately 50,000 metric tons. On March 17, 2009, the Company completed a business combination transaction with China Opportunity Acquisition Corp. (COAC).