Iron ore 100,000 mt trial, up to 200,000 mt/m

First trial order: 100,000 Wet MT（ /- 10%）in August 2019,

After the trial order is successfully completed, the second shipment of 100,000 WMt would be in November 2019

Beginning 2020, the target will be 100,000 WMt monthly, gradually increasing to 150,000 and 200,000 Wet Mt（ /- 10%）monthly. Estimated Annual Shipment Quantity Targets are as follows:

2020: 200,000 WMt monthly

2021: 300,000 WMt monthly

2022: 400,000 WMt monthly

The term of this contract is 3 years, renewable.