American Wenshen Steel Group, Inc., a wholly owned subsidiary of the Company, was incorporated on August 29, 2006 in the state of Delaware. On Nov 14, 2006, the Company re-domiciled from Canada to Delaware. American Wenshen owns all of the registered capital of Liaoning Wenshen Steel Mold Co. Ltd. Liaoning Wenshen is a wholly owned foreign entity incorporated in Shenyang, Liaoning Province, China in January, 2007. On July 30, 2007 the Company acquired 100% of the equity in American Wenshen. American Wenshen became a wholly owned subsidiary of China Software.
On October 9, 2007, the Company changed its name to American Wenshen Steel Group, Inc. On August 19, 2005, the Company acquired the shares of common stock, of HXT Holdings, Inc., formally know as China International Enterprises Inc., representing 100% of the issued and outstanding capital stock of HXT under a share exchange agreement. Heng Xing Technology Group Development Limited is a British Virgin Islands Corporation, incorporated on May 28, 2004. The company is a non-operative holding company of Shenzhen Hengtaifeng Technology Co. Ltd.. On January 31, 2005, HXT acquired 100% outstanding shares of XHT from its three shareholders in exchange of some shares of common stock of HXT. On August 16, 2006, the Company changed its name to HXT Holdings, Inc. HTC was founded in Hi-tech Technology Industrial Park in the city of Shenzhen, Guangdong Province of People's Republic of China in July 1995, under the name Shenzhen Guangba Trade Development Co., Ltd. HTC amended its name to Shenzhen Hengtaifeng Technology Co. Ltd. on May 12, 2000.
HTC is engaged in developing and distributing software and hardware systems on housing fund, guarantee information management, and home plan management in the People's Republic of China. American Wenshen Steel Group, Inc., formally known as China Software Technology Group Co. Ltd., is engaged in two business segments. Through its operating subsidiary, Chaoyang Liaogang Special Steel Co., Ltd., a corporation organized under the laws of The People's Republic of China, the Company is engaged in the business of manufacturing tungsten carbide steel, stainless steel, and die steel. All of Chaoyang Liaogang's business is currently in China.
Tungsten Carbide Steel is a quality, super-hard steel, possessing a texture and a degree of purity. Tungsten carbide steel has a bending strength that exceeds 280 kg/mm2. It is used for tools, dies and precision measuring instruments, as well as gears and bearings. Its products are free of toxins, and contain microelements that to provides health benefits. Chaoyang Liaogang's SRM-1 hot die steel and its SLM-2 cold die steel both possess a tensile hardening layer that enables the die cavity to resist compressive stress and aid durability. The steels are used to produce precision punch dies, coining dies, cold extrusion dies, etc. In addition, Chaoyang Liaogang produces steel dies and forged pieces used for tools, dies and measuring instruments in a variety of industries, including aviation, automobile, machine tool, and defense. Through its other operating subsidiary, Shenzhen Hengtaifeng Technology Co. Ltd., the Company is engaged in developing and distributing software and hardware systems on housing fund, guarantee information management, and home plan management in the People's Republic of China. Chaoyang Liaogang has obtained five national patents for its steel production methods. The facilities of Chaoyang Liaogang are operated in compliance with all the national and provincial regulations relating to the environment.