The winning bid for Guangzhou auto Fiat Project

Miracle shares (002009) announcement, the company received a notice on December 23, Guangzhou Auto Fiat Automobile Co., Ltd., the company won the bid for the final assembly equipment and the welding workshop delivery system two contracts, two contract price of 222.4477 million yuan ( The contract price is 5,276,864 euros and the exchange rate is 871 percent of the current exchange rate.　　The company will sign the relevant formal business contract after the period. Company introduction, the project contract amount accounted for the company's most recent fiscal year (2009) operating income of 36.38%.　　The two project contract execution period nearly two years, has no influence to the current profit, will have the positive influence to the company 2011, 2012 profit. The announcement shows that Guangzhou auto Fiat was established in March 9, 2010, by the Guangzhou Auto Group and Fiat Group AG to 50:50 of the proportion of investment to establish a total of about 5 billion yuan, the registered capital of 1.8 billion yuan. Plant planning and layout of the first phase to form an annual output of 140,000 vehicles and an annual output of 220,000 engine production capacity, two phase of the plan to form an annual output of 250,000-300,000 vehicle size.