55% equity of the transferring State Yuan futures

National Yuan Securities (000728) announced that the company intends to Anhui province grain and oil food import and Export (group) company transfer of the National Yuan Futures 55% Equity, the total price of transfer is 62.42 million yuan.　　The group holds 15.12% per cent of the company and this transaction constitutes an associated transaction. As at December 31, 2009, Yuan futures assets amounted to 404 million yuan, the total liabilities amounted to 292 million yuan, net assets amounted to 113 million yuan.　　2009 Yuan futures to achieve operating income of 49.7879 million yuan, net profit of 12.2462 million yuan. The company said that April 22, 2010, the company to 222 million yuan under the five ore Mining Logistics Futures Co., Ltd. 100% equity. According to the SFC, the number of the same subject holding and equity futures companies shall not exceed 2, of which the number of holding futures companies shall not exceed one. Due to the good quality of Hai Qin futures assets, the Financial futures qualification approved by the SFC and the trade settlement membership approved by the China Financial exchange have been obtained, and the information technology management has reached two kinds of requirements after the Supervision Department acceptance. And national Yuan futures can not obtain financial futures business qualification before June 29, 2011, can not participate in financial futures. Therefore, the company in the holding of marine service futures, we must transfer the State Yuan futures of the holding power.