Reorganization and Listing of xd Group Company in China

With the consent of the State Council, the State-owned Assets Supervision and Administration Commission of the State Council approved the overall restructuring and listing of Xi 'an Electric Machinery Manufacturing Company (later renamed China xd group Company) in the Reply on the Overall Restructuring and Listing in China (No.298 [2008] of the State-owned Assets Supervision and Administration Commission). The State-owned Assets Supervision and Administration Commission of the State Council issued the Reply on the Establishment of china xd Co., Ltd. (No.414 of State-owned Assets Reform [2008]), and approved xd group to join Shaanxi Investment Company, Cinda Company and Huarong Company as sponsors to establish the company. Accordingly, xd group invested its equity/rights in 65,438+06 subordinate secondary companies/enterprises engaged in R&D, design, manufacturing, sales, testing, technical research, service and engineering contracting of related complete sets of equipment, transmission and distribution and control equipment. Shaanxi Investment Company, Cinda Company and Huarong Company all invested in cash. On June 30th, 2007, Beijing Zhongqihua Assets Appraisal Co., Ltd. issued the General Report on Assets Appraisal of Xi 'an Electric Power Machinery Manufacturing Company's Overall Restructuring and Listing Project (Zhongqihua Pingbao Zi (2008) No.030), and appraised the equity/rights of the secondary companies/enterprises under xd Group 16. The State-owned Assets Supervision and Administration Commission (SASAC) of the State Council approved and confirmed the assets appraisal results with the Reply on Approving the Assets Appraisal Results of Xi 'an Electric Power Machinery Manufacturing Company's Overall Restructuring and Listing Project (Guo Zi Fa [2008] No.389). According to the report, as of June 30, 20 07, the equity/equity of the secondary company/enterprise under xd Group 65,438+06, with an estimated net asset value of 3,665,438+0,658, 600 yuan. According to the Reply of the State-owned Assets Supervision and Administration Commission of the State Council on Relevant Issues Concerning the Management of State-owned Equity of china xd Co., Ltd. (Guo Zi Han [2008] No.409), the total capital invested by the promoters is 465,438+06,878.13,000 yuan, according to the ratio of 65,438+0: 0.7365,438. Shaanxi Investment Company contributed 333,502,500 yuan, equivalent to 244 million shares, accounting for 8.00% of the total share capital; Cinda Company contributed RMB 65,438+03,66814,000, which is equivalent to 65,438+000,000 shares, accounting for 3.28% of the total share capital; Huarong Company contributed 82,008,800 yuan, equivalent to 60 million shares, accounting for 1.97% of the total share capital. All promoters are state-owned shareholders. On April 30, 2008, the company completed the establishment registration in Xi Administration for Industry and Commerce.