Jinrui Technology directional Additional manganese ore

Jinrui Technology (600390) bulletin, the company intends to the holding shareholder Changsha Mining and Metallurgy Institute, such as not more than 10 specific objects targeted additional, to raise funds to invest in the Jinfeng manganese industry annual output of 30,000 tons of electrolytic manganese metal technology expansion project and the acquisition of Taojiang Manganese Ore and its technical renovation expansion project.　　The number of non-public offerings does not exceed 23.36 million shares, the issue price is not less than 18.27 yuan/share, to raise funds not more than 426.7872 million yuan, of which the company's controlling shareholder Changsha Mining and Metallurgy Institute will be 50 million yuan cash to subscribe to the issue of shares. For the acquisition of Taojiang Manganese Ore and its technical renovation expansion project, the company's board of Directors has decided to be established by the new wholly-owned subsidiary of Hunan Taojiang Manganese Co., Ltd. implementation. The Taojiang manganese industry is to obtain the original mining right of Taojiang manganese mine in the former Hunan province by means of agreement transfer, and the price is based on the evaluation value of the appraisal report, and the transfer price of the agreement is 27.3503 million yuan. After the completion of the acquisition, Taojiang Manganese will be the expansion of its technical transformation, the design of the expansion of the production capacity of manganese carbonate ore 220,000 tons, mine service life of 23 years (including 2 years of infrastructure).　　The total project investment is 103.4181 million yuan. The company said that after the project was put into production, the annual average sales income of 116.6 million yuan, annual average profit of 34.9393 million yuan, the annual average after-tax net profit of 26.2045 million yuan.　　The total investment yield of the project is 33.78%, the financial internal rate of return is 35.13% before the tax is 29.04%. For the acquisition of Taojiang Manganese Ore and its technical renovation expansion project and the new Hunan Taojiang Manganese Industry Limited liability company registered capital of 30 million yuan. The company's business scope for manganese ore mining and processing, electrolytic manganese metal and other manganese products production and processing.