The impact of end-of-life assets on the profit and loss near 50 million yuan

Hing Fat Group (600141) announced that due to engineering projects, product structure and production process technology adjustment needs, the company and its subsidiaries to dismantle and replace some of the outdated and obsolete housing equipment.　　Therefore, the company intends to scrap the above related fixed assets in 2010, the original value of about 100 million yuan, net worth of 47.59 million yuan. No consideration will be recoverable residual value and related clean-up costs, the estimated scrap fixed assets will affect the 2010 profit and loss of about 47.37 million yuan.　　The company will be in accordance with the relevant provisions of accounting standards for account processing. In addition, the company's subsidiary Xingshan County Prosperous Minerals Co., Ltd. decided to invest 45.94 million yuan in the four Ore section of tile Prospecting project. At present, the prospecting project is progressing smoothly with a total investment of 45.6979 million yuan. With the further development of prospecting, the original prospecting investment budget is insufficient and further investment is needed. In order to complete the prospecting project as soon as possible and achieve the expected target, the Board agreed to increase the authorization of 55 million yuan to continue the investment in prospecting for the four-ore section of the Xingshan County.