SHANGHAI, Feb. 9 /PRNewswire-Asia/ -- China Precision Steel, Inc. (NASDAQ: CPSL) ("China Precision Steel" or the "Company"), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Tuesday, February 16, 2010 to discuss the second quarter fiscal 2010 results. Joining Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be Dan Carlson, Non-Executive Director. To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-339-2688, international callers should dial 617-847-3007; conference passcode is 493 644 31. If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, February 16, 2010 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 20808534. International callers should dial 617-801-6888 and enter the same passcode. This conference call will be broadcast live over the Internet and may be accessed by clicking on http://www.chinaprecisionsteelinc.com/ . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link. About China Precision Steel, Inc. China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com/ . For more information, please contact: China Precision Steel Dan Carlson Email: Elite IR Leslie J. Richardson, Partner Tel: +852-3183-0283 Email: DATASOURCE: China Precision Steel, Inc. CONTACT: Dan Carlson of China Precision Steel, ; or at Elite IR, Leslie J. Richardson, Partner, +852-3183-0283, or , for CPSL Web Site: http://www.chinaprecisionsteelinc.com/

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