Rizhao Steel Shijian as open source holding director

Recently, Hong Kong listed companies Open source Holding (01215.　　HK) announced that Shijian, from Rizhao Steel Holding Group Limited (hereinafter "Rizhao Steel"), was the executive director of the company.　　At the same time, the company's original executive director, the Chairman of the Board of Directors Hu Yi transferred to Non-executive director, but continue to serve as Chairman of the board. Meanwhile, on December 29 last year, Hu Yi held a stake in Open source holdings that had been transferred.　　This series of changes means that the Hu Yi has faded out of open source holding company, and Rizhao Steel has further controlled the company.　　These changes to the Shandong Iron and Steel Group Co., Ltd. restructured Rizhao steel to a certain extent to solve the problem.　　According to the announcement from open source Holding, Shijian is the legal representative of Rizhao Iron and Steel Co., Ltd. and also the director and deputy general Manager of Rizhao Iron and steel Company. Since December 2008, Rizhao Iron and steel and control people Mr du involved in Open source Holdings, completed two times in the month after the purchase into the open source holding the largest shareholder.　　Shijian also served as a non-executive director of open Source holding in January 2009 as a representative of Rizhao steel. On December 9 last year, Hu Yi signed an Equity transfer agreement with a person independent of open source control to transfer its actual open source holding of 7.9% per share to HK $0.275, the announcement said recently.　　The deal was completed December 29 last year. The open source holding announcement said that at this point, Hu Yi in addition to the 2011 maturity, the face value of HK $230 million convertible bills and 94.26 million warrants, no longer have open source holding securities interests.　　Meanwhile, the chief executive of Open Source Holdings has been removed and the new chief executive is being identified. Shandong Iron and Steel Group Co., Ltd. has been trying to restructure Rizhao steel, but the Shandong Iron and Steel group in front of a "problem" is Rizhao Steel's 3 core corporate assets have been injected into the open source holding.　　The latest news that the restructuring will be completed by the end of February this year, the restructuring method for Shandong Iron and Steel group one-time acquisition of Rizhao Steel after the evaluation of net assets.　　Although Mr du last November Rizhao Iron and Steel held the relevant meeting to formulate the company's five-year plan for the release of Shandong Steel restructuring Rizhao iron and steel information, but now it seems that the restructuring process has been irreversible, Mr du game is the restructuring price. Days ago, Mr Du in Rizhao Iron and Steel 2010 Annual Work Summary conference said that the assessment of the two sides jointly selected evaluation of the number, or did not fully reflect the market value of Rizhao steel, for the lack of items and low evaluation of the problem of Rizhao Steel has been reacted, is now waiting for the final confirmation.