100 million set up Jintai venture capital company in Shenzhen Front Sea

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Securities Code: 603000 Securities Abbreviation: The Daily Bulletin No.: Pro 2012-010

Bulletin of the establishment of Jintai Venture Capital Limited company and foreign investment

The company's board of directors and all directors guarantee that there is no false record, misleading statement or significant omission in the contents of this bulletin, and bear individual and joint liability for the authenticity, accuracy and completeness of its contents.

Important Content Tips:

Name of investment: Jintai Venture Capital Limited (the company name has been approved);

The amount and proportion of investment: the company intends to fund the money by way of RMB 100 million, accounting for Jintai Venture Capital Co., Ltd. 100%.

Overview of foreign investment

(1) The basic situation of foreign investment

The company (hereinafter referred to as "the corporation") intends to set up Jintai venture Capital limited by RMB 100 million in the former Sea development zone of Shenzhen, with a shareholding ratio of 100%. This foreign investment does not involve related transactions.

(2) Deliberations of the Board of Trustees

October 26, 2012, the company convened the first board of directors 13th meeting to consider the adoption of the "on the establishment of Jintai Venture Capital Limited" motion.

(3) The approval procedure necessary for the entry into force of the Investment Act

The amount of the foreign investment in the company's board of directors approval, no need to submit the approval of the company shareholders meeting.

II. basic information on investment targets

Company Name: Jintai Venture Capital Limited (the company name has been approved);

Registered Capital: 100 million yuan;

Registered location: Shenzhen Qian hai Development Zone;

Funding sources and ways of financing: The company's own funds, in the form of money capital;

Investment amount and proportion: RMB 100 million, accounting for 100% of registered capital;

Business scope: Direct investment, investment management and consulting.

Third, the impact of the foreign investment on the company

The purpose of this investment is to establish and maintain the competitive advantage of the network through capital operation, the main direction of investment is cultural media and Internet, this investment can broaden the company's business channels, enhance the company's future profitability.

Iv. risk analysis of the foreign investment

Jintai Venture Capital Co., Ltd. after the establishment of a short period of time can not produce obvious economic benefits, the company's current financial situation and operating results have no significant impact.

V. Documents for reference

Resolution of the first Board of Trustees at its 13th meeting.

Hereby announce.

Daily Company Limited

Board

October 30, 2012