Reduction in the number of Non-public offering shares

Hua Ling Steel (000932) announced that the company will adjust the 2008 private offering of shares of the plan.　　Among them, the original plan issued no more than 600 million shares to issue no more than 550 million shares, the issuance of the original planned five uses reduced to four uses, the removal of the hualing ripple steel-product structure Adjustment blast furnace reconstruction project. In order to promote the company's sustained and steady development, the company intends to raise funds in the form of non-public offerings.　　Considering the actual situation of the company, the company intends to make adjustments to this non-public offering stock scheme. Originally planned to raise not more than 600 million shares, of which Hualing Group held its 5.48% stake in Hualing and Hualing steel 5.01% The shares were priced at RMB 1.12 billion, and the remainder was subscribed in cash by Hualing Group and ArcelorMittal, and 1.88 billion yuan was expected to be raised. Adjusted, With a circulation of not more than 550 million shares, the fund-raising use has been reduced from the planned five projects to four projects, one of hualing steel-product structure adjustment of the blast furnace reconstruction project was canceled, and the project was originally planned to invest 167,000 yuan, the use of the raise capital of 550 million yuan to China-Ling Lian Steel capital increase, by the China-Ling Lian Steel implementation of the project.