On May 10, Angang Steel Co., Ltd. successfully issued 1.85 billion Hong Kong Dollars (equivalent to RMB 1.48 billion yuan) of H-share convertible bonds in the Stock Exchange of Hong Kong Limited. The raised funds were received on May 25. The conversion price is 9.54 Hong Kong Dollars and the interest cost averages 0.75% per year. All the target tasks of Ansteel Group were over fulfilled. This is the first time for Angang Steel Co., Ltd. in recent ten years to carry out financing in capital market and it also becomes the first listing steel company in China to issue H-share convertible bonds in overseas.