Golden Horse Steel Ball Letter to Shareholders

Golden Horse Steel Ball, Inc., a major Chinese business and bourgeois of ball bearings.

To our Shareholders:

China Jiangsu Golden Horse Steel Ball, Inc. is extremely pleased by the dramatically acceleratory international claim for steel bearings and the confident significance it has had on the manufacture and in the Visitant's revenues.

We at Golden Horse have always prided ourselves on our high technical standards, our continuing cover for property improvements and excellence in customer pair, both domestically and abroad. The subject team at Golden Horse continues to aggressively change its discipline and know-how in arrangement to become a beguiler in the explore and process of falsetto level ball bearings. The property of our products and the ontogenesis globular responsibility for poise bearings has resulted in positive ontogenesis in militia sales both from our existing consumer foundation and in the acquisition of new clients.

As one of the largest producers of brace bearings in China, Golden Horse produces over leash 1000000000000 ball bearings annually and has developed over 15 new products that are exported to over bill countries worldwide including the USA, Japan, Brazil, Bharat, and Deutschland.

The Q1 revenues of $6.3 million equated around 48.79% of the sum revenues realized in the entire 2007 financial period. The Militia also realized a melodramatic growth in overall make profits as the outcome of the grapheme investments prefab in 2007 that developed our creation offerings, progressive our equipment and machinery, and included the passage of our new set in Xuyi. Prosperous Racer also instituted a "mart recompense" on the value of our brace balls by 15-20% per set demarcation. The price gain, due to ascent responsibility for brace products globally, leave also emit in the coverall face stock of our revenues in 2008 and advancing. We are continuing to foretelling substantial sales in all of our products over the future gathering.