Concept content of Inner Mongolia Guyuanxing Energy Co., Ltd.

(1) Equity transfer: 20 10 65438+ 10 2 1 The company plans to transfer 52% equity of Xilin Gol Su Nite Alkali Industry Co., Ltd. to Henan Zhongyuan Chemical Co., Ltd. for 230 million yuan. After the transfer, the company no longer holds the equity of Xilin Gol Su Nite Alkali Industry Co., Ltd. It is understood that during the company's non-public offering in 2007, Yuan Bo Group, the company's major shareholder, promised to replace the equity of Xilin Gol Su Nite Alkali Industry Co., Ltd. out of the listed company before the end of 2009, so as to completely eliminate the same business between the two parties. This equity transfer is Yuan Bo Group's commitment to eliminate the risk of horizontal competition. According to the announcement, the equity transfer money will be used to supplement the company's liquidity and project construction needs; The transfer of the equity of Su Nite Company is beneficial to reduce the daily related transactions between the company and the major shareholders, improve the corporate governance level, and conform to the development strategy of the company's transformation to the energy industry; The equity transfer is expected to generate a profit of 23 million yuan, affecting the net profit of 20 10 by about 23 million yuan.

(2) Nalinhe-Coal Mine Project: In August 2009, the company plans to cooperate with China Coal Energy to build a 600,000-ton/year coal-to-methanol project under construction in Mengda New Energy and a 5,000,000-ton/year coal mine project in Nalinhe No.2 Mine, Dongsheng Coalfield, which belongs to Mengda Mining. The Company is funded by the appraised equity assets of Mengda New Energy and Inner Mongolia Sulige Natural Gas Chemical Co., Ltd. (the Company holds 60% of the shares of the Company). Mengda new energy 600,000 tons/year coal-to-methanol project started in June 2008. According to the feasibility study report of the project, the total investment of the project is estimated to be 3,223.85 million yuan. As of June 30, 2009, the owner's equity of Mengda New Energy was 457.33 million yuan, and its net profit was-6.5438+0.7 million yuan. The estimated total investment of 5 million tons/year coal mine project is 2,076.32 million yuan. As of June 30, 2009, the owner's equity of Mengda mining industry was 6,543,807,400 yuan, and the net profit was-6,543,800 yuan+0,024,500 yuan.

(3) Wantugou Coal Mine Project: In March 2009, the National Development and Reform Commission approved the construction of Wantugou Coal Mine and Coal Preparation Plant by Inner Mongolia Yuan Bo Coal Chemical Company, a holding subsidiary of the Company (the Company holds 34.9% of the shares). The mine construction scale is 3 million tons/year, and a coal preparation plant of the same scale will be built. Coal products are digested in situ and are mainly used to produce chemical raw materials and fuels such as methanol. The total investment of the project is 65.438+0.8 billion yuan. The project capital is 390 million yuan, accounting for 36% of the total project investment, which is solved by the company with its own funds; 690 million yuan of extra funds, apply for bank loans. The construction period of this project is expected to be 1.5 years, and there is a risk of delay. Wantugou coalfield of Yuan Bo Coal Chemical Company covers an area of 21847km2, with a total resource reserve of about 283.86 million tons. (In September 2009, the shareholders' meeting agreed that the company would acquire 65,438+04.5% and 65,438+07.6% shares of Guboyuan Coal Chemical Company held by Yuan Bo Holding Group and Shanghai Zendai Investment respectively for 364.8 million yuan. After the acquisition, the company holds 67% of the shares of coal chemical company. )