April loss of $11 million Hong Tai mining proposed 45 million shares

China Securities Regulatory Commission issued the supervision of the Ministry of the 16th announcement, the issue of the Audit committee scheduled for July 21, 2010 to audit Xinjiang Hongtai Mining Co., Ltd. starting application. Pre-disclosure data show that Xinjiang Hongtai Mining Co., Ltd. is the main business of iron ore mining and iron powder sales. Before the release of the company's total share capital 130 million shares, the proposed release of 45 million shares in circulation, issued after the company's total share capital 175 million shares, are circulating shares.　　The fund-raising funds are to be invested in three major projects: Bad Backbrack Iron 1 million t/a mining project, 600,000 t/a mining project and geological Exploration project, the total investment is 63,638.290,000 Yuan. It is worth noting that 2010 the company forecast the combined net profit of 7,161 890,000 Yuan, of which 2010 1 ~ April The number of outstanding implementation is-1,107.220,000 Yuan. The company's earnings forecasts are properly compiled by management based on basic assumptions about earnings forecasts. Because of the uncertainty on the basis of the various hypotheses, the actual operating results may be different from the predictive financial information, investors should use caution when making investment decisions.