St Kelon 100 million yuan to increase the capital Hisense Yangzhou

St Kelon (000921) announcement, the company intends to work with the wholly-owned subsidiary Kelon Development Co., Ltd., according to the proportion of shareholding to Hisense Acoustic (Yangzhou) Refrigerator Co., Ltd. to increase capital, the total amount of 100 million yuan, the source of funds for the distribution of Hisense Yangzhou profits. Hisense Yangzhou was founded on July 3, 2003, the registered capital of 24,134.850,000 Yuan. St Kelon directly hold Hisense Yangzhou 74.33% stake, St Kelon through a wholly-owned subsidiary Kelon Development indirectly hold its 25.67% equity.　　In order to further enlarge and strengthen Hisense Yangzhou, the development of St Kelon and Kelon will be divided into the profits of 100 million yuan in accordance with the proportion of all investment in Hisense Yangzhou, the relevant funds are mainly used in Hisense Yangzhou new production lines and other production lines of the renovation project. After the completion, the total investment of St Kelon in Hisense Yangzhou registered capital of 25,235.930,000 Yuan, the registered capital of Hisense Yangzhou increased to 34,134.850,000 Yuan. As of March 31, 2010, Hisense Yangzhou total assets of 882 million yuan, the total liabilities of 474 million yuan, net assets of 408 million yuan; 2009, Hisense Yangzhou realized operating income of 1.516 billion yuan, net profit of 176 million yuan.