Chiho-Tiande Group Limited is an investment holding company. It is principally engaged in processing and sales of metal scrap. It has three business segments: metal recycling business, foundry business and wholesale business. Metal recycling business involves the breaking-down, demolition and separation of mixed metal scrap, such as motor scrap, electric wire and cable scrap into their respective metal constituents, comprising copper scrap, steel scrap, aluminum scrap and iron scrap. Foundry business involves the manufacture and sale of aluminum-alloy ingots and copper rods and wires, which have a range of applications, including automobile and electronic accessories. Wholesale business involves the procurement of metal scrap without processing and on-selling them to the customers. Effective from January 1, 2010, the Company has acquired Delco Europe B.V. Its subsidiaries include Chiho-Tiande International Limited, Hefast Holding Corporation and Chiho-Tiande (HK) Limited.