Kai Yuan Holdings Limited is an investment holding company. The principal activity of the Company includes material investments in associates engaged in the steel and steel products manufacturing and trading. The Company operates in three segments: the heat energy supply segment, the property investment segment and the steel manufacturing and trading investment segment. The heat energy supply segment is engaged in the production and heat energy supply, installation, engineering and maintenance of heating systems and management of heating pipes, covering a vast area of heat energy supply within the municipality of Tianjin. The property investment segment invests in commercial offices, underground parking areas and underground shopping plazas located in Beijing and Shanghai. The steel manufacturing and trading investment segment holds interests in three associates located in Shandong Province, engaged in steel and steel product manufacturing and trading.