Suspension of major asset reorganization due to drop in asset performance

NetEase Finance August 2 News at the beginning of the restructuring program was not after the "Higen" of your shares in the evening announced the announcement, due to injection of property companies continued decline in performance, your shares decided to suspend major asset restructuring, and promised that three months from the announcement date will no longer plan major assets reorganization matters.　　Injected assets The company's performance slipped on January 14 this year after the restart of the major asset restructuring, and ultimately by your shares in today's third board of directors of the 38th meeting resolution to suspend the reorganization of assets.　　The shares of your airline said that, at the end of 2009, after receiving the decision and feedback from the SFC, the company will organize the intermediary agencies to conduct the audit and evaluation of the marked enterprises due to the expiry date of the financial data and the assessment data quoted in the company's declaration materials. "As a result of the transaction of the underlying assets of Guizhou Tianyi Electrical Appliance Co., Ltd. continued to decline in the first half of 2010 by the market impact has not changed the trend of performance, its operating uncertainty, resulting in the company can not continue to carry out the original restructuring program to promote major asset restructuring work",　　The reason for the suspension was explained in the announcement of the company's shares late tonight.　　According to public information, Guizhou Tianyi Electrical Appliance Co., Ltd. realized net profit of more than 3 million yuan in 2008, and only 600,000 yuan in the first half of 2009.　　To this end, your company said that in order to ensure the overall quality of the assets loaded and the interests of small and medium-sized shareholders, the company and the transaction of your group, Gekko electromechanical research decided to suspend the reorganization.　　The restructuring of twists, which began in 2009, is "twists". As early as February 2009, your shares issued a major asset plan, according to this plan, your shares to the 8.03 yuan price to your group, Guizhou Gekko Aviation electromechanical directional additional 91.19 million shares, for the acquisition of your airline holdings of the Thunder company 100% Equity and Tianyi Electric Company 100%　　Equity and China Aviation industry standard parts Manufacturing company 100% of the equity assets of the total estimated to be 768 million yuan.　　However, by December 29, 2009, near the CSRC Reorganization Committee review, the scheme has not been approved, January 12, 2010, the shares of your airline received the SFC does not approve the company issued shares to purchase assets of the decision.　　However, the two decisions did not alter the decision to restructure the assets of your airline, and the board of Directors decided January 14, 2010 to move ahead with the major asset reorganization.　　Affected by this restructuring, the company's shares in the two-tier market performance quite a reorganization of the program through, according to NetEase Financial statistics, from January 1, 2010, your shares rose to 21.67%, the cumulative turnover of 11.469 billion shares. Moreover, a quarterly report from your shares, the reorganization of the subject attracted the fund "latent", of which, a substantial increase in the theme of the portfolio 6.6384 million shares, accounting for 4.72% of the circulation ratio, the National Social Security Fund 110 combination, 160 combination, 604 combination in the first quarter, respectively, newly 5.9446 million, 4.5527 million and 3.5 millionUnit。