Chairman of CHNR meets with James Dan Quayle, former Vice President of the United States

Mr. Li Feilie, Chairman of CHNR and Feishang Group, and Mr. Rao Chenghui, Senior Vice President of Feishang Group met with James Danforth Quayle, Former Vice President of the United States, in Hong Kong in the afternoon. Both parties had expressed strong willing of cooperation during the friendly discussion.

Dan Quayle was the 44th vice president of the United States under President George Bush from 1989-1993. He has visited 47 countries as the Vice President of the United States. Dan Quayle graduated from DePauw University in 1969 and received his J.D. from Indiana University School of Law at Indianapolis in 1974. Dan Quayle was elected to the United States Congress in 1976 at age 29. He was elected to the United States Senate at age 33. On January 20, 1989 he took the oath of office as the 44th Vice President of the United States at age 41. 
Dan Quayle joined the Cerberus Advisory Board in 2000, and currently serves as Chairman of Cerberus Global Investments, LLC, a subsidiary company of Cerberus Capital Management, L.P.

Established in 1992, Cerberus Capital Management, L.P. is one of the world’s leading private investment firms with approximately $25 billion under management in funds and accounts.  Through its team of more than 275 investment and operations professionals, Cerberus specializes in providing both financial resources and operational expertise to help transform undervalued companies into industry leaders for long-term success and value creation.  Cerberus is headquartered in New York City, with affiliate and/or advisory offices in Atlanta, Chicago, Los Angeles, London, Baarn, Frankfurt, Tokyo, Osaka and Taipei. In 2006, Cerberus Capital Management, L.P., bought 51%t controlling interest in General Motors Acceptance Corp. (GMAC) with an estimated $10 billion by closing. And in 2007, Cerberus Capital Management LP paid $7.4 billion bought 81% of Daimler Chrysler AG's Chrysler Group. Which have made Cerberus a magnate leader of international automotive industry.

During the meeting, Li Feilie presented Dan Quayle the development status and strategies of Feishang group. Dan Quayle expressed great appreciation on Feishang’s copper smelting technology and copper industry chain, and expressed strong willing of cooperation.

After the meeting, Li Feilie attended the dinner party held by Dan Quayle. Other Hong Kong worthies invited to the dinner party including Mr. Li Sze Lim, the Chairman of R&F Properties Co.; Mr. Ma Haonian, the chairman of Platinum Holdings Company Limited.

Also, Mr. Li Feilie has met with the chairman of Cerberus Capital Management, L.P. in Shanghai on March 17, 2007.