Two stake in the shares of the company's trust financing invested 200 million projects in the substrate

Guiyang industrial investment company will hold all your shares (600523 shares) shares pledged to Huarong Trust, a trust company issued a trust plan. It is understood that the Guiyang industrial investment company trust financing funds will be used to invest in its subsidiaries, an annual output of 25 million led substrate material project.

In June 22nd, your shares announcement that industrial investment in Guiyang City, the second largest shareholder of the company (Group) Co., the company will hold all the shares of 17 million 950 thousand and 566 shares (accounting for 6.22% of the total share capital) pledge procedures, a period not exceeding 12 months. According to the recently released Huarong Trust Trust Plan, the trust company will raise about 200 million yuan for Guiyang industry investment holdings of the subscription shares, the proceeds will be used to Guiyang subsidiary Guiyang Hao Tian Optoelectronics Technology Co., Ltd. invested in the construction of an annual output of 25 million pieces of LED substrate material project.

The trust plan for a period of 12 months, after a full 6 months in advance to buy back, the expected rate of return of investment of $9% or $9.5%. According to the company's share price as of May 16, 2011, the average price of 30 days, the rate of about 50%. The main source of repayment of these plans for the Guiyang industrial investment company operating income. After calculation, the trust plan period, Guiyang industrial investment through the LED phase of the project proceeds, their operating income and subsequent financing, is expected to achieve at least 657 million 460 thousand yuan of cash inflows.

According to previously disclosed, your shares two shareholders of state owned assets investment management company, Guiyang city in October last year, which will be held by your shares all of the shares transferred to the Guiyang industrial investment holdings in February this year, the company completed the transfer registration.