X0203 3 2010-11-03 0 0000710846 Fushi Copperweld, Inc. FSIN 0001439360 Yang Xiang Dong C/O ABAX GLOBAL CAPITAL (HONG KONG) LIMI SUITE 6708, 67/F, TWO INT'L. FINANCE CTR CENTRAL K3 SAR HONG KONG 0 0 0 1 Member of 10% owner group (1) 0001505554 Abax Global Capital (Hong Kong) Ltd TWO INT'L FINANCE CTR, S6708, 67/F 8 FINANCE STREET HONG KONG K3 000000 HONG KONG 0 0 0 1 Member of 10% owner group (1) 0001505552 AGC Asia 3 Ltd. WALKER HOUSE 87 MARY STREET GEORGETOWN E9 KY1-9002 CAYMAN ISLANDS 0 0 0 1 Member of 10% owner group (1) Common Stock 205050 I by AGC Asia 3 Ltd. AGC Asia 3 Ltd. directly owns 205,050 shares of Common Stock of the Issuer. The Common Stock may be deemed to be beneficially owned indirectly by Abax Global Capital (Hong Kong) Limited, which is the investment advisor to AGC Asia 3 Ltd., and by Mr. Yang, who is the ultimate controlling shareholder of Abax Global Capital (Hong Kong) Limited. Each of Abax Global Capital (Hong Kong) Limited and Mr. Yang disclaims beneficial ownership except to the extent of its or his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. By virtue of a consortium agreement (the "Consortium Agreement") and transactions described in that certain statement on Schedule 13D/A filed on November 4, 2010 by AGC Asia 3 Ltd., Abax Global Capital (Hong Kong) Limited, Mr. Yang and other reporting persons (the "Schedule 13D/A"), (Continuation of Footnote 1) the Reporting Persons may be deemed to constitute a "group" within the meaning of Rule 13d-5(b) under the Exchange Act with Mr. Li Fu and Wise Sun Investments which group may collectively be deemed to own more than 10% of the outstanding Common Stock of the Issuer. Each of AGC Asia 3 Ltd., Abax Global Capital (Hong Kong) Limited and Mr. Yang disclaims any beneficial ownership of such shares held by Mr. Fu, Wise Sun and Mr. Fu's Family as described in the Schedule 13D/A. Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference. Each of AGC Asia 3 Ltd., Abax Global Capital (Hong Kong) Limited and Mr. Yang are parties to the Consortium Agreement with certain shareholders of the Issuer, and if they are deemed to be a "group" by virtue of such arrangement, such group may be deemed a greater than 10% owner. The Reporting Persons expressly disclaim beneficial ownership of the securities of the Issuer that are owned by such shareholders. /s/ Yang Xiang Dong 2010-11-10 /s/ Yang Xiang Dong, Director of Abax Global Capital (Hong Kong) Limited 2010-11-10 /s/ Yang Xiang Dong, as Director of AGC Asia 3 Ltd. 2010-11-10