SAIC Filings
The China State Administration for Industry and Commerce (“SAIC”) is the Chinese government agency responsible for issuing and renewing companies’ business licenses. Each year, Lihua electronically files its two wholly owned subsidiaries’ annual SAIC reports to a secured SAIC database, which is shared by various other tax authorities including the State Administration of Taxation (“SAT”), for annual review and inspection. Each of the Company’s wholly owned subsidiaries, Lihua Electron and Lihua Copper, makes quarterly estimated SAT tax payments throughout the year, and finalizes / trues up any additional tax payments (if needed) once the SAT performs its annual tax review and inspection based on PRC-audited financials of each subsidiary, which are a part of Lihua’s annual SAIC reports.

Lihua’s SAIC reports are prepared in accordance with Chinese accounting rules and policies, and reflect financial information relating to Lihua Electron and Lihua Copper on an unconsolidated basis. By giving effect to reconciliation adjustments, the results contained in Lihua’s SAIC reports are consistent with results reported in the Company’s audited financial statements as filed with the U.S. Securities and Exchange Commission.

2010 SAIC Annual Report:
On June 29, 2011, the Company filed the 2010 annual reports of its two Chinese operating subsidiaries (Lihua Electron and Lihua Copper) with SAIC in the People’s Republic of China.
2010 SAIC Reconciliation
Lihua Copper SAIC Report
Lihua Electron SAIC Report

2009 SAIC Annual Report:
On May 14, 2010, the Company filed the 2009 annual reports of its two Chinese operating subsidiaries (Lihua Electron and Lihua Copper) with the SAIC in the People’s Republic of China.
2009 SAIC Reconciliation
Lihua Copper SAIC Report
Lihua Electron SAIC Report

2008 SAIC Reconciliation
Lihua Electron SAIC Report