Chiaki Premium 40% Spin-off property Project

Chiaki Hi-Tech (000998) announced today, the company will be held in Hunan Chiaki nine-China Science and Technology Expo Park Co., Ltd. 95% of the transfer to the Hong Kong million King International Limited, the transfer price of 64.3 million yuan, more than the net Asset account value of 40.02%, access to investment income of 16.8 million yuan.　　Because the WAN Jing International Actual Control person Woonan Purple Company Chairman Wu Yue when the female, this transaction constitutes the related transaction. "This is conducive to promoting the company to hybrid Rice as the core of the main business of rapid development, focus on doing the main business, while the transfer of equity has a higher premium, the company achieved better investment income, the company's performance this year will have a greater positive impact, more importantly, in line with the company's long-term development　　"Citic Securities agriculture and forestry husbandry and fishery industry researcher Maochangqing to the asset transfer to give positive evaluation." Chiaki Chiaki High-Tech Co., Ltd. established in 2008, the holding subsidiary, the company registered capital of 50 million yuan, of which the Chiaki holds 95% equity, natural persons Jong-Myun holding 5% stake, the company is mainly engaged in conferences and exhibitions, real estate development and operation business. Chiaki in 2008, the company set up a wholly-owned subsidiary of Hunan Chiaki Jiu Hua Real Estate Development Co., Ltd., the registered capital of 10 million yuan, mainly engaged in real estate development and management, real estate project investment and other business.　　Chiaki in the Xiangtan of the nine-China economic zone to build Chiaki Modern agricultural research Demonstration Park project, the nine-China real estate in the Xiangtan of the nine-China economic zone to build Chiaki ecological residential projects. According to the introduction, because the construction of the above projects also need to invest a lot of follow-up funds, in the project demolition and infrastructure construction, there is still uncertainty, especially with Chiaki focus on the strength of the development strategy of seed industry does not match.　　In order to realize the company's main business with hybrid rice as the core of rapid development, focus on doing the main business, the company intends to work with the natural person Jong-Myun to Wanjing International transfer holds the Chiaki 100% of the equity. The company explained that the transfer of Chiaki shares to the related party million-King International, mainly considering that Wanjing international relative to other companies to understand the status of the Chiaki project, understanding of the project demolition and infrastructure supporting the construction of the uncertainty, and willing to take the risk of being let Chiaki the shares of the nine-China,　　and continue to do a good job of Xiangtan Chiaki ecological residential projects.　　Since 2004, new Daxin group became a Chiaki high-tech shareholder, Chiaki Tech Center has completed the strategic layout of seed industry in China and abroad in the past 6 years: the establishment of the seeds research and development system of listed companies, the acquisition of Yahua and Shanxi Tun Yu, and the establishment of a subsidiary for research as the main business in Indonesia and the Philippines respectively. Citic Securities believes that Chiaki has the world's best hybrid rice seeds, the country's leading hybrid maize seeds, of which the internationalization of hybrid rice seeds has been formed. The company has the best seed management team in the country, the chairman of the Wu Yue is good at formulating strategy, President Shi Shahe not only has international vision, but also familiar with the domestic seed industry situation, good at seed Business Management, vice Chairman Yen Weibin, vice President Lioting, etc.Batch of senior management personnel are domestic first-class professional management personnel. The company's core competitiveness is outstanding, is expected to become the future national species industry aircraft carrier.