Guangdong Hongyuan a clarifies media coverage

Guangdong Hongyuan A today to the media on the company "real estate business facing the test, the company aimed at the coal industry" to clarify the report. Media reports say, "The company seeks new development by entering other industries, and last year acquired a 60% per cent stake in Weining County Coking Co., Ltd;" The next year or two, the coal industry has become a focus of the development of the company "; the company's acquisition of coal production capacity is only 150,000 tons/year, Plans to reach 1 million tonnes in the future. "The takeover has been disclosed," the company announced, admitting that it sought new developments by entering other industries.　　At the same time, the company in the next year or two to enter the coal industry is also the focus of development, the company will be based on its own actual situation, prudent expansion of business scale, this year in the annual report to make a statement. But for future capacity, the company clarified that the coking company is currently in the normal production phase, the authorized capacity of 150,000 tons/year. Companies in the production of safety, and so on, on the basis of technical transformation to expand capacity, as soon as possible from the annual output of 150,000 tons to 300,000 tons, rather than 1 million tons.