51 million joint venture to establish new company

NetEase Finance May 28 May 20, 2010, the company and the days of rich group signed the establishment of Xinjiang Tian Fu Energy Investment Co., Ltd., the new company registered capital of 100 million yuan, of which the days of the rich and thermoelectric capital of 51 million yuan, accounting for 51% of the registered assets, the days of the rich group of RMB 4　　, 9 million yuan, accounting for 49% of registered capital.　　Tian Fu Thermoelectricity said in the announcement that after the establishment of the new company will expand the days of cogeneration electricity, heat business, improve the company's future investment income and sustainable development capacity, and can raise part of the development of funds to reduce corporate financial pressure, while improving social energy efficiency, reduce environmental pollution, and effectively protect the interests of investors.　　Days Fu Thermoelectricity said in the announcement, Days Fu group for the days of the rich thermoelectric holding shareholders, according to the Shanghai Stock Exchange "stock listing Rules", the transaction is related to transactions. As of December 31, 2009, Tian Fu Power (Group) Co., Ltd. total assets of 7,685,988,795 11 yuan, net assets of 2,198,763,614, 17 Yuan, 2009 annual net profit of 45,106,915 yuan. Xinjiang Tian Fu Power (Group) Co., Ltd. holds a 46.96% per cent stake in cogeneration, which is a controlling shareholder of the days of thermoelectricity.