Tian Yuan group 215 million capital increase river Power

Tian Yuan Group (002386) bulletin, in order to further increase the Mabian area in Sichuan Province, the integration of hydroelectric assets, the company and the holding subsidiary Ma Benchang and Power Limited liability company, Tang Juliang and other signed the "Mabian Long and Power limited liability company to increase capital expansion agreement." The agreement of the company to cash 215 million yuan, Huangtong Fu, Tang Juliang and other 4 people with its 100% unlimited mining shares to the long and electric power to increase capital.　　After the audit of unlimited mining total equity valuation of 105 million yuan, after the completion of the increase in the company and the power of the proportion of shares from 60.8% to 66%.　　The first half of this year, the river power to achieve operating income of 35.823 million yuan, net profit of 434,000 yuan. The company also announced that long and electric power and Zhongtian power shareholders in Sichuan Mabian, Sichuan Lanry Phosphate Industry Co., Ltd., Zhou Xudong and other provinces and signed the "Equity transfer agreement." Agreement: Zhongtian power of all shareholders to be audited, evaluation results as a reference to the price of 1 yuan per share of the transfer of all the shares of Zhongtian power 59 million shares. Long and electric power to 59 million yuan to buy all the power of the Zhongtian. After the acquisition is completed, long and electric power has a 100% stake in Zhongtian Power.