On February 27, 2008, the Commercial Department approved to change Jiangsu Cobalt Nickel Metal Co., Ltd. (KLK) in whole to Jiangsu Cobalt & Nickel Metal Co., Ltd.. On March 20, the first meeting of the first board of directors of Jiangsu Cobalt & Nickel Metal Co., Ltd. was held in the meeting room of the company. All seven directors of the company took part in the meeting and agreed unanimously the decisions of the nomination of the chairman of the board and the general manager.