The chairman of Lu Xiang shares sold over 8% shares in one months

Lu Xiang shares (002192. SZ) today issued a notice, Chairman Corong on December 27, 2010 by the average price of 26.4 yuan per share by the total reduction of 4 million shares, accounting for 3.29% of the company, currently Corong still hold 24.91%　　Or 30.2357 million shares, Corong has been reduced by 8.27% in December.　　December 4, the company issued a notice, Corong proposed to reduce the shareholding of more than 5%, is to free interest to the company to provide financial support, so as to improve the company's capital structure, support the company long-term investment, on the other hand, the reduction is also out of Corong personal financial needs.　　December 18, the company announced that Corong from December 13, 2010 to December 16, 2010 cumulative reduction of the company 6.05 million shares, accounting for the company's total share capital of 4.98%, the average price of 28.58 yuan. Corong's reduction is not lonely, Lu Xiang shares November 10 announced that the company's director Zheng on October 20 illegal reduction of its holdings of the company's shares 296,400 shares, accounting for the company's total equity of 0.24%,　　The transaction amount is about 10.5782 million yuan; due to the company on October 27, 2010 disclosed three quarterly, Zheng's reduction behavior violates the relevant regulations, the company decided to impose a fine of 1.1 million yuan. Lu Xiang shares announced on September 16 that its holding subsidiary in Ganzi Prefecture, Sichuan province, Rong da Lithium Industry Co., Ltd. (hereinafter referred to as "Rong Li Industry"), its kangding SIP base card Rong Li Pyroxene mine project through the completion of the acceptance, to achieve large-scale production; Lu Xiang shares in September 2009, the capital of 73.1 million Yuan Holdings Rong Li, accounted for 51%　　Stake, the plan to open up lithium mining, lithium salt, lithium-ion battery integrated industry chain.　　At a news conference September 15 this year, Corong said that the company is working to plan related projects, and to enlist the support of the country, the future Rong Li will strive for the annual output value of billions of yuan or even higher; on the September 17, the shares of Lu Xiang share price touched a record high of 45.77 yuan. Some private-equity researchers believe that the Chairman of the generous reduction of the company's Lithium mine project prospects produced a certain doubt, coupled with the original valuation is too high, resulting in a recent sell-off of investors.