High-hung shares change the location and manner of the project

2010, the one or two-line city real estate prices rose sharply, resulting in a large increase in operating costs, so that some listed companies have to make corresponding adjustments to the business activities. Today, High-hung shares (000851) announced that the company proposed to change part of the 2009 fund-raising project "It chain store Expansion" project implementation location and implementation of the site by the opening of the chain from around the change for the Yantai development Zone Bai and Digital Plaza set up a large-scale chain sales shop Group, The mode of implementation shall be changed from renting the premises to the computer city property to the purchase of its own property. Announcement disclosed that the company raises the capital project, proposed to the IT chain store expansion business investment is 194 million yuan, the project main implementation place is in north China, east China, South China, central China, southwest, northwest and so on to the computer city rents the business place to carry on the IT chain sale business.　　As of December 31, 2010, the company invested 86 million yuan in the operation of the project chain, which is in line with the project implementation progress. High-hung shares said that the company's existing IT chain sales shop layout all in the north-canton and other first-line cities such as Zhengzhou, Nanjing, Shenyang and other second-tier cities. As a result of the 2010 real estate prices rose sharply, by the first-tier cities and second-tier urban housing prices, the computer City store property rentals are rising year in, the operating costs of a sharp rise in the company's operating costs, continue to be in the one or two-line urban layout is facing greater cost pressures. And Yantai is located in Shandong Province, is one of the first batch of coastal open cities, is the Bohai Economic Circle and East Asia International Port city, mall, hydrate, location is very advantageous, industry supporting complete, economic, transportation, information developed, the surrounding hardware facilities, the company abandoned to continue in the one or two-line city layout,　　In turn in the Yantai development Zone Bai and Digital Plaza set up a large-scale chain sales shop, store concentration conducive to corporate governance. At the same time, the Company believes that the current Chinese computer City property requirements of the annual rent, higher costs, and by the computer city property side-led store adjustment and store decoration. The company's existing IT chain business is all to the Computer City property rental business site, is the computer city rent prices increased substantially, the cost of rent is higher, and the annual rental is not conducive to the company sustainable Development, the company in the IT chain sales business to promote the face of great pressure, the purchase of its own property to