Nanning Sugar Board agrees with Martin Gurie Court and

NetEase Finance July 14 news nanning Sugar Thursday Evening issued a notice, the company's board July 15 to consider the adoption of the company and Martin Gurie Investment Management Co., Ltd. and other out-of-court settlement of the motion, agreed with the company and Martin Gurie Investment Management Co., Ltd., Martin Gurie and Martin Gurie Co., Ltd. (hereinafter referred to as "Martin Gurie"　　) settled an out-of-court settlement in the case of a stock exchange dispute. Nanning Sugar said that Martin Gurie agreed to pay the equivalent of 40 million yuan in a lump sum as a settlement. At present, the settlement agreement is still required by the Nanning Sugar shareholders Meeting and Martin Gurie the approval of the Board of Directors of the company can be effective.　　If the conciliation agreement is effectively implemented, the settlement amount of 40 million yuan will be counted as non-operating income into the company's accounting statement, affecting the company's net profit of about 25 million yuan this year. In addition, Nanning Sugar released the performance of the revised bulletin said the first half of the net profit from the previous forecast growth of 100% to 150% year-on-year growth of 75%-125%. Company said that the company's holding subsidiaries in the second quarter of 2010, the price of raw materials rose, sales costs have increased, paper-type subsidiary of the benefits of a sharp decline.