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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of Earliest event Reported):
July 3, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CHINA PRECISION STEEL, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; font-weight: bold; text-decoration: underline; text-align: center">Delaware</TD>
    <TD STYLE="width: 34%; font-weight: bold; text-decoration: underline; text-align: center">000-23039</TD>
    <TD STYLE="width: 33%; font-weight: bold; text-decoration: underline; text-align: center">14-1623047</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of</TD>
    <TD STYLE="text-align: center">(Commission File No.)</TD>
    <TD STYLE="text-align: center">(IRS Employer ID No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">incorporation or organization)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>18th Floor, Teda Building</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>87 Wing Lok Street, Sheungwan, Hong Kong</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&rsquo;s Republic of China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>852-2543-2290</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant's Telephone Number, Including
Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<U>see </U>General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.07. Submission of Matters to a Vote of Security Holders.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">China Precision Steel, Inc. (the &ldquo;Company&rdquo;) held
its 2012 Annual Stockholders&rsquo; Meeting at 10:00 am on June 29, 2012 (10:00 pm EDT on June 28, 2012), in Hong Kong. Proxies
for the Annual Meeting were solicited pursuant to the Company's proxy statement filed on May 5, 2012 with the Securities and Exchange
Commission under Section 14(a) of the Securities Exchange Act of 1934 (the &quot;Proxy Statement&quot;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&rsquo;s Stockholders considered three proposals,
each of which is described in the Proxy Statement.&nbsp;&nbsp;A total of 26,203,001 shares were represented in person or by proxy,
or 56.3% of the total shares outstanding. The final results of votes with respect to the proposals submitted for shareholder vote
at the Annual Meeting are set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Proposal 1 - Election of Directors</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stockholders elected Hai Sheng Chen, Leada Tak Tai Li, Tung
Kuen Tsui, David Peter Wong and Che Kin Lui to serve as Directors as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">Director</TD>
    <TD STYLE="width: 34%; border: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="width: 33%; border: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">Against</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">Leada Tak Tai Li</TD>
    <TD STYLE="border: black 1.5pt solid; padding: 2.25pt; text-align: center">18,161,021</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt; text-align: center">829,340</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">Hai Sheng Chen</TD>
    <TD STYLE="border: black 1.5pt solid; padding: 2.25pt; text-align: center">18,155,547</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt; text-align: center">834,814</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">Tung Kuen Tsui</TD>
    <TD STYLE="border: black 1.5pt solid; padding: 2.25pt; text-align: center">18,112,525</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt; text-align: center">877,836</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">David Peter Wong</TD>
    <TD STYLE="border: black 1.5pt solid; padding: 2.25pt; text-align: center">18,155,064</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt; text-align: center">835,297</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt">Che Kin Lui</TD>
    <TD STYLE="border: black 1.5pt solid; padding: 2.25pt; text-align: center">18,153,064</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt; text-align: center">837,297</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Proposal 2 - Ratification of the Appointment of the Company</I>&rsquo;<I>s
Independent Registered Public Accounting Firm</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stockholders approved ratification of the appointment of Moore
Stephens as the Company&rsquo;s independent public accounting firm for the fiscal year ending June 30, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="width: 34%; border: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="width: 33%; border: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">Abstain</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 2.25pt; text-align: center">26,138,315</TD>
    <TD STYLE="border: black 1.5pt solid; padding: 2.25pt; text-align: center">49,825</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; padding: 2.25pt; text-align: center">14,861</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Proposal 3 &ndash; Amendment of Articles of Incorporation
to Effect Reverse Split</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stockholders approved the amendment of the Company's amended
and restated articles of incorporation to effect a reverse split of the Company's common stock at a ratio of between 1-for-5 and
1-for-25, to be determined by the Company's Board of Directors on or before August 31, 2012, as disclosed in the Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border-top: black 1.5pt outset; border-bottom: black 1.5pt solid; border-left: black 1.5pt outset; padding: 2.25pt; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="width: 34%; border: black 1.5pt solid; padding: 2.25pt; border-top-color: black; border-top-style: outset; border-top-width: 1.5pt; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="width: 33%; border-top: black 1.5pt outset; border-right: black 1.5pt outset; border-bottom: black 1.5pt solid; padding: 2.25pt; font-weight: bold; text-align: center">Abstain</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="border-bottom: black 1.5pt outset; border-left: black 1.5pt outset; padding: 2.25pt; text-align: center">25,068,148</TD>
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt outset; border-left: black 1.5pt solid; padding: 2.25pt; text-align: center">1,103,622</TD>
    <TD STYLE="border-right: black 1.5pt outset; border-bottom: black 1.5pt outset; padding: 2.25pt; text-align: center">31,231</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There were no broker non-votes for any of the proposals submitted
for Stockholder vote at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A copy of the Company&rsquo;s press release
regarding the results of the 2012 Annual Stockholders&rsquo; Meeting is attached as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 9.01. Financial Statements And
Exhibits. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 14%; padding-top: 5pt; padding-bottom: 5pt; font-weight: bold; text-decoration: underline">Exhibit No.</TD>
    <TD STYLE="width: 86%; padding-top: 5pt; padding-bottom: 5pt; font-weight: bold; text-decoration: underline">Description</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-bottom: 5pt; text-decoration: none">99.1</TD>
    <TD STYLE="padding-bottom: 5pt; text-decoration: none">Press release, dated July 3, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">Date: July 3, 2012</TD>
    <TD STYLE="width: 50%; font-weight: bold">CHINA PRECISION STEEL, INC.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid">By: /s/ Leada Tak Tai Li</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leada Tak Tai Li</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 14%; font-weight: bold; text-decoration: underline">Exhibit No.</TD>
    <TD STYLE="width: 86%; font-weight: bold; text-decoration: underline">Description</TD></TR>
<TR STYLE="background-color: white">
    <TD>99.1</TD>
    <TD>Press release, dated July 3, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "China Precision Steel, Inc.", "cik": "0001044577", "assigned-sic": "3312", "irs-number": "141623047", "state-of-incorporation": "CO", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23039", "film-number": "12942193"}, "business-address": {"street1": "8TH FLOOR, TEDA BUILDING", "street2": "87 WING LOK STREET, SHEUNGWAN", "city": "HONG KONG", "state": "K3", "zip": "000", "phone": "86 21 5994 8500"}, "mail-address": {"street1": "8TH FLOOR, TEDA BUILDING", "street2": "87 WING LOK STREET, SHEUNGWAN", "city": "HONG KONG", "state": "K3", "zip": "000"}, "former-company": {"former-conformed-name": "ORALABS HOLDING CORP", "date-changed": "19970815"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest event Reported):
July 3, 2012
CHINA PRECISION STEEL, INC.
(Exact name of registrant as specified in
its charter)
Delaware
000-23039
14-1623047
(State or other jurisdiction of
(Commission File No.)
(IRS Employer ID No.)
incorporation or organization)
18th Floor, Teda Building
87 Wing Lok Street, Sheungwan, Hong Kong
People's Republic of China
(Address of Principal Executive Offices)
852-2543-2290
(Registrant's Telephone Number, Including
Area Code)
_____________________________
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction
A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
China Precision Steel, Inc. (the "Company") held
its 2012 Annual Stockholders' Meeting at 10:00 am on June 29, 2012 (10:00 pm EDT on June 28, 2012), in Hong Kong. Proxies
for the Annual Meeting were solicited pursuant to the Company's proxy statement filed on May 5, 2012 with the Securities and Exchange
Commission under Section 14(a) of the Securities Exchange Act of 1934 (the "Proxy Statement").
The Company's Stockholders considered three proposals,
each of which is described in the Proxy Statement.  A total of 26,203,001 shares were represented in person or by proxy,
or 56.3% of the total shares outstanding. The final results of votes with respect to the proposals submitted for shareholder vote
at the Annual Meeting are set forth below.
Proposal 1 - Election of Directors
Stockholders elected Hai Sheng Chen, Leada Tak Tai Li, Tung
Kuen Tsui, David Peter Wong and Che Kin Lui to serve as Directors as follows:
Director
For
Against
Leada Tak Tai Li
18,161,021
829,340
Hai Sheng Chen
18,155,547
834,814
Tung Kuen Tsui
18,112,525
877,836
David Peter Wong
18,155,064
835,297
Che Kin Lui
18,153,064
837,297
Proposal 2 - Ratification of the Appointment of the Company
'
s
Independent Registered Public Accounting Firm
Stockholders approved ratification of the appointment of Moore
Stephens as the Company's independent public accounting firm for the fiscal year ending June 30, 2012.
For
Against
Abstain
26,138,315
49,825
14,861
Proposal 3 – Amendment of Articles of Incorporation
to Effect Reverse Split
Stockholders approved the amendment of the Company's amended
and restated articles of incorporation to effect a reverse split of the Company's common stock at a ratio of between 1-for-5 and
1-for-25, to be determined by the Company's Board of Directors on or before August 31, 2012, as disclosed in the Proxy Statement.
For
Against
Abstain
25,068,148
1,103,622
31,231
There were no broker non-votes for any of the proposals submitted
for Stockholder vote at the Annual Meeting.
A copy of the Company's press release
regarding the results of the 2012 Annual Stockholders' Meeting is attached as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.
Item 9.01. Financial Statements And
Exhibits.
Exhibit No.
Description
99.1
Press release, dated July 3, 2012
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 3, 2012
CHINA PRECISION STEEL, INC.
By: /s/ Leada Tak Tai Li
Leada Tak Tai Li
Chief Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press release, dated July 3, 2012