Announcement of 76.47% Property Rights Transfer of Zhengzhou Railway Industry Corporation Minshan Abrasive Factory

Yucai Jiaogong [2012] No. 45 was entrusted by the relevant unit, and 76.47% of the property rights of Zhengzhou Railway Industry Corporation Lushan Abrasive Factory (hereinafter referred to as the plant) was publicly listed and transferred through Henan Property Rights Exchange Center (hereinafter referred to as the center). The listing price is RMB. 1,351,200 yuan. 1. The factory is located in Wangjiazhuang, Daye Town, Dengfeng City. The registered capital is 1.7 million yuan. The business scope includes sales of brown corundum, refractory materials, coated abrasives, boron carbide and boron carbide products. 2. The transfer of property rights has been approved by the property rights holder of the factory and approved by the State-owned Assets Management Office of Zhengzhou Railway Administration. 3. As of August 31, 2011, the total assets of the plant were estimated to be 2,545,400 yuan, the total liabilities were 2,48.36 million yuan, and the net assets were 1,767,000 yuan. The results of this assessment have been filed by the Ministry of Railways. 4. The basic conditions that the intended transferee should have: (1) have good financial status and ability to pay; (2) have good commercial credit; (3) if the transferee is a natural person, it should have full capacity for civil conduct; (4) Other conditions stipulated by national laws and administrative regulations. 5. The announcement period shall be 20 working days from the date of publication of the announcement, and the deadline is 18:00 on August 31, 2012. If two or more eligible transferees are recruited during the announcement period, the transferee will be determined by auction. Interested parties (including those who have the right of first refusal), please submit a transfer application to the center during the announcement period, submit relevant materials and pay a deposit of 400,000 yuan to the center (subject to bank receipt). Applications, failure to submit relevant materials and failure to pay a deposit shall be deemed as a waiver of intentional transfer and purchase. If the transfer is successful, the deposit will be converted into transaction fee and transaction price. If the transfer is unsuccessful, the full amount will be refunded. Contact: Ms. Lu Contact Phone Henan Property Rights Exchange Center August 4, 2012

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