Prospect of non-public offering and investment projects

On the Sky (600096) July 16, the first meeting of the provisional General Meeting held in 2010 to consider and adopted, including the "on the company to meet the conditions of non-public issues of the shares of the bill," the company to a specific object of the private issue of a A-shares program of the bill, including six bills. According to the introduction, the chemical fertilizer industry is currently the most prominent situation for the rise in natural gas prices caused by the general rise in production costs, industry overcapacity, some of the backward production capacity of the industry reshuffle is also quietly carried out.　　At the same time, the glass fiber industry ushered in the boom cycle, electronic yarn and electronic cloth into the situation of supply, prices than the same period last year doubled.　　The company said that in this context, the company's non-public offering to raise funds for the Shuifu coal gas Technical renovation project, Hulunbeier Gold New Chemical, Zhuhai Fuhua and alkali-free glass fiber Production Technical transformation project has important strategic significance. First, the shortage of gas to be replenished by coal, effectively reduce the company's cost pressures; Secondly, the company grasp the glass fiber industry opportunities, regional integration, to enhance the overall profitability; third, these fund-raising projects will jointly promote the company to "oriented, related to the diversification of" the transformation goal of a big step forward. According to the announcement, all the investment projects to the postpartum, each year will generate 2.4 billion yuan income and 630 million yuan net profit.