Summary of Overseas Regulatory Announcement The text below is a summary of the Overseas Regulatory Announcement of Fosun International Limited dated 26 October 2007 in relation to Nanjing Iron & Steel Shareholding Company Limited. This summary is for reference only and does not cover the full text of the relevant announcement. Nanjing Iron & Steel Shareholding Co., Ltd. Summary of Routine Connected Transactions 1. Estimated happenings of routine connected transactions in 2008 （ Amount Unit： RMB10,000 yuan） Further Category of Estimated Estimated Actual Proportion Divided by Connected Connected Figures Figures happenings to the Same Products or Party Transactions in 2008 in 2007 in 2007 Category Sevices Raw Scrap Steel 3,000 3,100 2,706.53 0.13% Materials Nangang Co., Active Lime 7,500 6,500 7,306.13 0.36% Purchase Ltd. Steel 40,000 32,000 38,220.79 1.90% Oxide Scale Nanjing Iron 80,000 10,000 20,093.24 1.00% & Steel United Co., Ltd. Steel Billet Nanjing 80,000 65,000 76,107.36 3.78% Jinteng Iron Purchase of & Steel Co., Fuel and Ltd. Power such Scrap Steel Nanjing Iron 7,000 11,000 6,447.82 0.32% as Water, & Steel Electricity, Group Scrap Coal, Gas, Metal etc. Purchasing Co., Ltd. Lime Anhui 3,000 4,100 2,391.03 0.12% Eastern Calcium Co., Ltd. Imported Ore Nanjing Iron 200,000 80,000 122,978.95 6.11% & Steel Group International Economic Trading Co., Ltd. Iron Anhui Jin-an 97,000 21,000 30,278.78 1.50% Concentrate Mining Co., Ltd. Water 30,000 26,500 27,893.21 1.39% Transferring 22,000 18,000 20,458.43 1.02% Powr Supply Nanjing Iron & Steel Steam United Co., 2,000 1,650 1,958.45 0.10% Ltd. Oxygen, 28,000 21,000 25,740.45 1.28% Nitrogen, and Argon Coal Gas Nanjing Iron 18,000 21,000 17,304.82 0.79% & Steel Steam United Co., 2,000 - 1,661.20 0.08% Ltd. Steel Billet Nangang Co., 210,000 165,000 189,178.05 8.60% Ltd. Molten Iron Nanjing 100,000 147,000 88,807.41 4.04% Jinteng Iron & Steel Co., Ltd. Steel Zhangjiagang 1,000 2,600 422.02 0.02% Bonded Area Huida Selling Industry Co., Products Ltd. Steel Nangang Co., 4,000 - 4,028.49 0.18% Ltd. Steel Nanjing Iron 260,000 - 139,962.31 6.36% & Steel Group International Economic Trading Co., Ltd. Steel Billet Nanjing Iron 28,000 20,000 23,466.73 1.07% & Steel Group Wuxi Jinxin Steel Rolling Co., Ltd. Accepted Railway 8,000 8,000 6,226.24 0.31% Service Transportation Commissioned 6,500 6,500 6,123.33 0.30% Processing of Coal Gas Integrated 3,487 3,422 3,422.28 0.17% Service Commissioned 200,000 68,000 160,756.24 7.98% Processing of Nanjing Iron Molten Iron & Steel and Coke United Co., Commissioned Ltd. 11,000 12,000 10,158.69 0.50% Processing of Circulating Water Commissioned 30,000 22,000 25,895.60 1.29% Processing of Medium and Heavy Steel Plates Land Leasing 1,025 1,025 1,025.05 0.05% Commissioned 15,000 16,000 13,392.54 0.67% Processing of Mixed Materials Nangang Co., Ltd. Commissioned 45,000 27,000 42,875.64 2.13% Processing of Pellet Ore Bidding Nanjing 1,500 - 1,671.65, 0.08% Agency Xinyuan Bidding Consultanting Co., Ltd. Import and Nanjing Iron 1,000 2,150 1,136.68 0.05% Export & Steel Agency Group International Economic Trading Co., Ltd. 2. Connected Party Introduction and the Relationship A. Nanjing Iron & Steel United Co., Ltd. Registered capital: RMB2.75 billion. Address: Xiejiadian, Liuhe ditrict, Nanjing City, Jiangsu Province. Legal Representative: Xiao Tongyou. Main business: ore mining and selection, ferrous metal smelting, steel rolling, etc. The company is jointly established by Nanjing Iron & Steel Group Co., Ltd., Shanghai Fosun Hi-Tech (group) Co., Ltd., Shanghai Fosun Industrial Investment Co., Ltd. and Shanghai Guangxin Technology Development Co., Ltd. in March, 2003. The above four companies own 40%, 30%, 20%, and 10% of the shares of the Nanjing Iron & Steel United respectively. In June, 2005, the Shanghai Guangxin Technology Development Co., Ltd. transferred the 10% shares of the Nanjing Iron & Steel United it owned to Shanghai Fosun Industrial Technoloy Development Co., Ltd. Currently the Company owns 671,855,049 shares of the Nanjing Iron & Steel United, or 71.78% of its total stock capital, therefore its controlling shareholder. The company’s relationship with Nanjing Iron & Steel United conforms to the situation specified in the item 1 of the article 10.1.3 of the Stock Listing Rules. B. Nanjing Iron & Steel Co., Ltd. Registered capital: RMB1,279,637,200. Address: Xiejiadian Liuhe District. Legal representative: Xiao Tongyou. Main business: iron and steel smelting, rolling, machinary, metallurgical melting, etc. The company is a wholly owned company of its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. C. Nanjing Iron & Steel Group Wuxi Jinxin Steel Rolling Co., Ltd. Registered capital: RMB 83,500,000. Address: Huaxin Village, Huazhuang Town, Wuxi City. Legal representative: Xiao Tongyou. Main business: production and processing of steel and iron rods and bars, section steel, and metal structures; company products selling; metallurgy consultancy. The company is a subsidiary of its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. D. Nanjing Iron & Steel Group Scrap Metal Purchasing Co., Ltd. Registered Capital: RMB 1,000,000. Address: No. 48 Yangxin Road, Liuhe District, Nanjing City. Legal representative: Zhou Xiang. Main business: scrap metal recycling, cutting and processing; the recycling of steel, electromechanical equipments, non-ferrous metals, chemical products (excluding hazardous chemicals), and idle equipments, etc. The company is wholly owned by its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. E. Nanjing Jinteng Iron & Steel Co., Ltd. Registered capital: USD 11,800,000. Address: Xiejiadian, Liuhe District, Nanjing City. Legal representative: Xiao Tongyou. Main business: the production and marketing of electric furnace steel continuous casting billets, wires, angle steels, round steels and thread steels. The company is a subsidiary indirectly held by its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. F. Zhangjiagang Bonded Area Huida Industry Co., Ltd. Registered capital: RMB 12,320,500. Address: Huida building, Zhangjiagang Bonded Area. Legal Representative: Yang Siming. Main Business: Steel products wholesale, own house leasing, self-running or as an agency of the imports and exports of all sorts of products (with the exception of those goods and technologies of which the business is limited by the state to certain companies or of which the import and export are forbidden), entrepot trade, inter-enterprise trade in the state’s bonded area, trade with enterprises which are outside the bonded area but have import and export trade rights. The company is a wholly owned subsidiary of its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. G. Anhui Eastern Calcium Co., Ltd. Registered capital: RMB 36,000,000. Address: Meijie Town, Guici District, Chizhou City. Legal representative: Wang Zhenxin. Main business: nonmetallic ore exploitation and deep processing; the production and sales of modification, nanometer and ultrafine calcium carbonate; the sales of nonmetallic ore products, metallic materials (excluding precious metals), building materials, electromechanical products (excluding cars), and other products used in ore exploitation. The company is a subsidiary of its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. H. Nanjing Iron & Steel Group International Economic Trading Co., Ltd. Registered capital: RMB 20,000,000. Address: No. 288 East Zhongshan Road, Baixia District. Legal representative: Yang Siming. Main business: engage in and be an agency of the import and export of all kinds of products and technologies. The company is a wholly owned subsidiary of its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. I. Anhui Jin-an Mining Co., Ltd. Registered capital: RMB 100,000,000. Address: Fanqiao Tonw, Huoqiu County, Liuan City, Anhui Province. Legal representative: Yang Siming. Main business: exploitation and mineral processing of the Caolou iron ore in Huoqiu City, the production and sales of iron concentrate fines. The company is a subsidiary of its controlling shareholder the Nanjing Iron & Steel United Co., Ltd. The relationship conforms to the situation stipulated in the item 2 of the article 10.1.3 of the Stock Listing Rules. J. Nanjing Xinyuan Bidding Consultanting Co., Ltd. Registered capital: RMB 5,000,000. Address: Room 208, No. 1 Xingfu Road, Xiejiadian, Nanjing Yanjiang Industrial Development Zone. Legal representative: Wang Jiafu. Main business: act as bidding agency for engineering projects, procurement, transportation, labor service, large-scale machinery repairment; provide consultancy service for engineering projects, trades, technologies, enterprise information; engineering supervision, and equipment manufacturing supervision.