550 million yuan to build three cement production line

Horse racing Industry (600449) notice, the company intends to Yinchuan Helan Mountain in Ningxia Company's existing factory site using a new dry-process precalciner production process to build a 4500t/d cement clinker production line and supporting 9MW pure low-temperature heat Power generation project, the project is expected to invest 391.46 million yuan, construction period of 1 years,　　After the completion of the project estimated annual output of 1.395 million tons of clinker, annual power generation 53.56 Million-kilowatt. At the same time, agreed to the company's holding subsidiary of Ningxia Qingtongxia Cement Co., Ltd. in Wuzhong Sun Hill Investment construction 2X2000T/D New dry oil well cement production line and matching 2X4.5MW pure low-temperature heat Power generation project follow-up project. The follow-up project is expected to invest 256.8642 million yuan, construction period of 1 years.　　After the completion of the project, is expected to produce 800,000 tons of cement, annual output of 31.03 Million-kilowatt. In addition, the company in cash to the wholly-owned subsidiary Wuhai Race Cement Co., Ltd. to increase the capital of 10.66 million yuan, for the company a 2500T/D new dry cement production line and supporting the construction of pure low-temperature heat power generation project. After the completion of this replenishment, the registered capital of Wuhai Racing Cement Co., Ltd. will be increased from 115.65 million yuan to 126.31 million yuan.