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.