Dalong real estate announcement

Announcement on Major Events of Beijing Dalong Yewei Real Estate Development Co., Ltd.

On February 1 2065438, Beijing Municipal Bureau of Land and Resources issued the Announcement on Cancelling the Competitive Qualification for Transferring the Right to Use State-owned Construction Land No.22, Tianzhu Development Zone, Houshayu Town, Shunyi District. Beijing Dalong Real Estate Development Co., Ltd., a holding subsidiary of the company, did not sign the Contract for Transferring the Right to Use State-owned Construction Land and the Compensation Agreement for Land Development and Construction.

The company will actively communicate with relevant departments to reduce the company's losses. At the same time, the company will pay close attention to developments and actively fulfill its information disclosure obligations. Investors are advised to pay attention to investment risks.

It is hereby announced.

Beijing Dalong Yewei Real Estate Development Co., Ltd.

Dong

20 10 February 1 day

Special report on the deposit and actual use of funds raised by the company

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy and completeness of the contents of the announcement, and shall be jointly and severally liable for the false records, misleading statements or major omissions of the contents of the announcement. I. Basic information on raised funds

With the approval of China Securities Regulatory Commission's Notice on Approving the Non-public Offering of Shares of Beijing Dalong Yewei Real Estate Development Co., Ltd. (Jian Zheng Fa Zi [2007] No.358), 65,438+065,438+000,000 RMB ordinary shares (A shares) were issued in a non-public way, with a par value of RMB 65,438+0 yuan per share and an issue price of RMB 8.00. * * * The total amount of funds raised is RMB 880 million. After deducting the underwriting fee of 6.8 million yuan, the share registration fee of 1 1000 yuan, the lawyer fee of 1000 yuan and the audit capital verification fee of 90,000 yuan, the actual net amount of funds raised is 87 1 19000 yuan. Management of Raised Funds In order to strengthen and standardize the management of raised funds, improve their efficiency and effectiveness, and effectively protect the interests of investors, the company has formulated the Measures for the Management of Raised Funds, which has made specific and clear provisions on the storage and use of raised funds, project implementation management and supervision of their use.

On June 5438+1October 65438+February, 2007, the company held a board meeting, deliberated and passed the Proposal on Setting up a Special Account for Raised Funds, and agreed to set up an account in Shunyi Branch of Industrial and Commercial Bank of China as a special account for raised funds. 10 On June 30th, 2007, the company signed the Tripartite Supervision Agreement on Raised Funds with the promoters Great Wall Securities Co., Ltd. and China Industrial and Commercial Bank Beijing Shunyi Branch. There is no significant difference between the signed tripartite supervision agreement and the Tripartite Supervision Agreement (Model) for the Special Account of Raised Funds. By the end of the reporting period, all parties to the agreement had fulfilled their relevant responsibilities in accordance with the Tripartite Supervision Agreement on Raised Funds. Actual use of funds raised this year

1. Use of raised funds by the end of the reporting period

The net fund raised by the company is 876,5438+065,438+09,000 yuan, all of which are invested in the construction of the third area of Yulong Garden. By the end of the reporting period, the net amount of funds raised was 876,5438+065,438+09,000 yuan.

2. Changes in the implementation place and implementation mode of the raised funds investment project.

As of the end of the reporting period, the implementation location and implementation method of the investment projects raised by the company have not changed.

3. Advance investment and replacement investment projects of raised funds.

The company does not use the raised funds to make up for the previous investment and replacement.

4. Temporarily use idle raised funds to supplement working capital.

The company will not use idle raised funds to supplement working capital for the time being.

See the annex for the comparison table of the use of funds raised by the company.

Change the use of funds for fundraising projects

The investment projects raised by the company have not changed.

The realization of the benefit of raising funds to invest in projects.

By the end of the reporting period, the sales revenue of Yulong Garden Area III project was 65,438+0,445,885,662.00 yuan, and the gross profit was 565,438+07,765,438+02,744.99 yuan.

Problems in the use and disclosure of raised funds

The information on the use of raised funds disclosed by the company is timely, true, accurate and complete, and there is no violation of the management of raised funds.

The sponsor's concluding comments on the special verification report.

Jiangnan Securities made the following concluding comments on the deposit and use of the funds raised by the company: As of June 65438+February 3, 20091day, the deposit of the funds raised by Dalong Real Estate's non-public offering was in compliance with relevant laws and regulations.

It is hereby announced.

Board of Directors of Beijing Dalong Yewei Real Estate Development Co., Ltd.

20 10 year 1 month 28th

Related information Dalong Real Estate plummeted. Shareholders sued the fake king and were investigated by the CSRC.

At the end of last year, Beijing Dalong Yewei Real Estate Development Co., Ltd., which set a double record for the total land transaction price and floor price in Beijing, was formally investigated by the Securities and Futures Commission for allegedly violating securities laws and regulations. However, the shares of Dalong Real Estate did not stop trading today, and the opening price plummeted by 7%. In the notice of investigation served, the company was placed on file for investigation on suspicion of violating securities laws and regulations. In June 2009, Dalong Urban and Rural Construction and Development Company, a real estate development company directly under Shunyi, won the Tianzhu plot for 5.05 billion yuan after 190 rounds of bidding. According to the calculation, the floor price in this area has reached 29,859 yuan/square meter, becoming the new king of total price and unit price in Beijing.

However, on 22 October, 2065438+001kloc-0, the website of Beijing Municipal Bureau of Land and Resources revealed that eight developers, including Dalong Real Estate, were suspended from the Beijing land exchange market because they did not pay the land price or failed to sign the land transfer contract on schedule after the auction. On February 1 2065438, the Beijing Municipal Bureau of Land and Resources announced that Dalong Real Estate decided to cancel its "land king" qualification because it failed to sign the Contract for Transferring the Right to Use State-owned Construction Land and the Compensation Agreement for Land Development and Construction on time, and the bid bond of 200 million yuan paid at the same time would not be refunded. The news that Dalong Real Estate is actually a "fake king" has caused Dalong Real Estate's share price to plummet. 65438+1 On October 22nd, the share price of Dalong Real Estate fell by 8.08%, then the decline continued to spread, and it fell for two consecutive days on February12, and never recovered. On April 14, Dalong Real Estate closed at 14.78 yuan/share, which was 32. 17% lower than that on October 2 1 day. In the process, Dalong Real Estate has always said that this matter has no impact on the company's operation, and said that the company is about to raise funds to pay the relevant funds, which has caused many investors to continue to hold the stock and suffered heavy losses. To this end, many investors have taken up the weapon of safeguarding rights. Zhang, director of Beijing Wentian Law Firm, who sued Dalong Real Estate on behalf of shareholders, said that among the complainants he represented, only one investor named Yuan was misled by the false statement of Dalong Real Estate, resulting in an investment loss of 3.78 million yuan. It is reported that these investors claim tens of millions of yuan for Dalong Real Estate. Zhang said in the morning that seeing the notice of investigation meant that the victims of Dalong Real Estate finally saw a glimmer of light. To this end, they hope that the CSRC will withstand various pressures and handle cases impartially. At the same time, I hope that the CSRC will make the results public as soon as possible.