Ultra-Chinese technology issued to clarify the announcement denied the involvement of rare earths

The recent stock price continues to climb ultra-China Technology (002288) issued stock trading abnormal fluctuation self-examination and clarification bulletin, denied the company will become rare earth enterprises.　　As of March 30, 2011, ultra-Chinese science and technology stock trading price of three consecutive trading days close the value of the total deviation of the cumulative 20%, belonging to the abnormal fluctuations in stock trading. The bulletin shows that the stock forum of individual websites recently said that the super-China technology acquired 3 rare earth production licenses in Ganzhou, Jiangxi, will become a rare earth enterprise, and will invest 200 million yuan in future mining of rare earths, in addition to the purchase of graphite ore and other rumors.　　Ultra-Chinese technology said that these rumors are untrue reports, the company's main business for the printed circuit board, copper foil board and its upstream related products electrolytic copper foil, special wood pulp paper, etc., the company has no acquisition of rare earths development plans. In addition, ultra-Chinese technology said, the company is currently with the same industry in Guangzhou three-Xiang Multilayer Circuit Co., Ltd. shareholders on the acquisition of Guangzhou San Cheung not less than 50% stake in the negotiations, the current equity acquisition is in the trading negotiation stage, to sign the letter of intent, the transfer of shares in the near future, will also sign the contract of equity transfer Guangzhou three main production multilayer circuit board, Aluminum circuit board, the main customers for domestic and foreign large-scale electronic products manufacturing enterprises.　　The registered capital of Guangzhou three-Xiang is HK $20 million, the estimated net assets of 2010 are not more than 60 million yuan, the operating income does not exceed 110 million yuan, the net profit does not exceed 9 million yuan, the acquisition fund does not exceed 60 million yuan. Ultra-Chinese technology said that after the acquisition, through the infiltration of sales patterns, can further reduce the production costs of printed circuit boards and expand the market share of foreign markets, through the acquisition can not only enhance the company's market share, increase profitability, but also for the investment project product sales to provide assurance.