Shandong Wanbao Group was designated as one of nation-wide 118 enterprises qualified for iron ore import by Chinese authority in 2005, evaluated as provincial “enterprise honoring contract and standing by reputation” by Shandong Province Administration of Commerce and Industry , assessed as “Grade AAA Credible Enterprise” by Agricultural Bank of China, Shandong Branch; awarded the honorable title of “Grade AAA Credible Enterprise” by Rizhao Municipal  Government, and it was designated as “Grade AA management enterprise” by Rizhao customs of the People’s Republic of China. It is the shareholder of Rizhao City Commercial Bank.