Crown Hao High-tech directional additional 120 million shares investment special paper

Crown Hao High-tech (600433) 15th announcement, the company intends to include the company's controlling shareholder of China Paper Investment Corporation, including not more than 10 investors targeted more than 120 million shares, the issue price of 10.16 yuan/share.　　This non-public offering will not exceed 1.3 billion yuan in total, will be used in Zhanjiang Donghai Island Special Paper industry base project (phase one). Donghai Island Project Total investment of about 1.541 billion yuan, to be in the East China Sea Island new special paper production line and coating paper processing production line, relocation company is located in four coating production lines, the development of special paper fields of carbonless paper and heat-sensitive papers business.　　After the project is put into production, the new output value is 1.27 billion yuan each year, and the total profit is 170 million yuan. This non-public offering, the company's controlling shareholder in China Paper will be a cash subscription of no less than 20 million shares. No more than 40 million shares shall be subscribed to by other issuers and concerted action persons. All issuers subscribe to the shares in cash.　　The part of the subscription of China paper shall not be transferred within 36 months from the date of the end of the issue, and the other issuer may not transfer the subscription for 12 months. According to the company's actual control of People Cheng Tong Group Board of Directors of the paper Development requirements, China paper in the past five years to implement a series of mergers and acquisitions, developed into more than 8.6 billion yuan assets, annual paper production capacity of more than 900,000 tons of paper enterprises Investment Company.