St FountainVest former chairman and so was publicly denounced

Due to the failure to fulfill the share reform commitment, the Shanghai 20th to St FountainVest before the actual controller and former chairman of Machong, the company's former shareholders Dongguan Tatsu Investment Management Co., Ltd., the former shareholders and former directors Xuzhi public condemnation, and publicly found that Machong, Xuzhi three years is not suitable for the listed company directors. Dongguan Lida Company and Xuzhi in the St Party Source reform Program commitment: St Square source share reform after the implementation of 2008, 2009 two years of the cumulative ownership of the St Square source ordinary shareholders of the net profit of not less than 100 million yuan　　The difference between the actual net profit and the promised net profit will be made up by the Dongguan Lida Company and Xuzhi in cash, and the specific payment time is within 10th after the 2009 annual report of the St FountainVest. Kang accounting firm Audit, St FountainVest 2009 to the owner of the parent company's net profit of 472 million yuan. 2008, 2009 two years of cumulative ownership of the St-source parent company's net profit of 427 million yuan, two-year cumulative actual net profit and promised net profit difference is 527 million yuan. Dongguan Lida Company and Xuzhi should be in the St FountainVest 2009 Annual Report after the disclosure of the difference of 527 million yuan in cash, in order to fulfill its share reform commitment. April 30, 2010, St. FountainVest disclosed 2009 Annual report, but as at July 16, 2010, the relevant obligations have not fulfilled the cash replenishment of the share reform commitment.