X0203 3 2008-12-31 0 0001410711 China Armco Metals, Inc. CNAM 0001088787 China Direct Industries, Inc. 431 FAIRWAY DRIVE SUITE 200 DEERFIELD BEACH FL 33441 0 0 1 0 0001448788 China Direct Investments, Inc. 431 FAIRWAY DRIVE, SUITE 200 DEERFIELD BEACH FL 33441 0 0 1 0 0001471069 Capital One Resource Co., Ltd. ROOM 804, SINO CENTRE, 582-592 NATHAN RD HONG KONG F4 CHINA 0 0 1 0 Common Stock 1289800 I Held by China Direct Investments and Capital One Warrants 5.00 2008-08-08 2014-08-08 Common Stock 90281 I Held by Capital One 448,100 shares are owned directly by China Direct Investments, Inc. (?China Direct Investments?) and 841,700 shares are owned directly by Capital One Resource Co., Ltd. (?Capital One?). China Direct Investments and Capital One are wholly owned subsidiaries of China Direct Industries, Inc. (?China Direct?). China Direct is an indirect beneficial owner of the reported securities. The Warants were issued to Capital One on August 8, 2008 for due diligence fees in connection with the Issuer?s July 2008 private offering of its common stock and warrants. The Warrants are owned directly by Capital One. /s/ Yuejian (James) Wang 2009-08-28 (See signatures of other Reporting Persons on the attached Exhibit 99.1) 2009-08-28