Sapphire Corporation Limited is principally engaged in the manufacturing of steel and vanadium products - including hot rolled coils and vanadium pentoxide (V2O5) flakes. The Group is also actively involved in the trading of minerals and investments in mining operations and resources-related businesses. Sapphire’s manufacturing operations are undertaken by its core subsidiary, Neijiang Chuanwei Special Steel Co. Ltd, which is located in Sichuan Province, China. The Group’s mineral trading arm procures strategic minerals from the global market, which is supplied to Sapphire’s steel-making business in China and other companies.The Group holds a direct interest in China Vanadium Titano-Magnetite Mining Company Limited (HK893) - an iron ore producer listed on the Hong Kong Stock Exchange - and indirect interests in both a steel and a coke manufacturer. All three businesses are located in Sichuan Province, China. The Group operates in Singapore and has associate and subsidiaries based in China, Hong Kong and Malaysia.