The Latest Announcement Tianshan Textile Issued Major Asset Reorganization Matters

Tianshan Mountains

Announcement on progress of major asset reorganization

Notice date: 2012-11-24

Company name: Tianshan textile stock code: 000813 Announcement No.: 2012-042

Announcement of progress on major asset reorganization of Xinjiang Tianshan wool textile Limited by Share Ltd

All members of the company and its board of Directors ensure that the contents of the information disclosure are authentic, accurate and complete, without false records, misleading statements or major omissions.

In October 17, 2011, the company received a notice of feedback from the CSRC's administrative licensing project.

For further implementation of the relevant matters in the feedback notice, we will submit the anti RA composite materials to the CSRC after the information is complete.

As of the date of the announcement, the company has not yet submitted feedback materials to the CSRC.

As of November 20, 2012, the progress of the company's asset reorganization is announced as follows:

1. Progress in the construction of copper zinc ore in the I section of the loess slope mining area

1. From October 11, 2012 to November 20, 2012, the mine is continuously mining the original ore (copper zinc ore) for trial production, and the mining capacity is close to the initial design level.

2, the environmental approvals approved for the formal production and operation of Mines (new ring evaluation letter (No. 2012) 1086) have been obtained in October 31, 2012; the sewage permit (new Harbin EIA) (0021) has been obtained in November 9, 2012; the safety production license is still in the process of handling.

Two. Trial production of copper zinc ore dressing plant in I ore section of loess slope mining area

As of November 20, 2012, the mine is actively promoting the trial production of copper concentrate and zinc concentrate. The average copper grade and copper recovery rate of the copper concentrate have basically reached the level of the initial design requirements of the selected works. The average zinc grade of zinc concentrate has reached the level of the initial design requirements. However, the recovery rate of zinc metal is affected by the continuous commissioning of the production process and the influence of human machine running in, and the fluctuation has not yet reached the level of the initial design set.

Three, restructuring related audit and assessment progress.

In the report of this reorganization

The data and evaluation reports have already been valid, and they need to make profit forecasts for the operation of mines in 2012 and 2013. At present, the company has decided to conduct an audit evaluation in October 31, 2012 on the basis of audit assessment date, and relevant audit and evaluation work is in progress.

Four, submit to the CSRC an application for postponed feedback to the CSRC.

In view of the main assets of the company's major asset reorganization, the main assets of the I mining section of the loess slope mining area, the copper zinc mine has not yet fully entered the formal production. The company submitted to the CSRC on November 2012 22 An application for remitting the feedback materials to the CSRC. After the relevant information is complete, the CSRC will be submitted to the CSRC in time, and the revised report will be submitted to the CSRC.

Five. Special tips

1. The above items related to the future plan of the mine are the result of reasonable prediction based on the useful information currently available. In view of the complexity of the mine construction, the future plans may be changed because of the actual situation. Therefore, there is uncertainty. Investors should be concerned about this risk.

For the actual implementation of the future plan, the company will fulfill the obligation of information disclosure in accordance with relevant regulations in a timely manner.

2, this major asset reorganization still needs to meet a number of conditions to complete, including, but not limited to, the approval, approval, approval, or filing of relevant matters related to this major asset reorganization by the competent authorities such as the China Securities Regulatory Commission, and whether or not it is possible and when it is possible to obtain such consent, approval, approval or filing procedures.

3, as of the date of issuance of this announcement, there will be no relevant matters that may lead to the cancellation or suspension of the major asset reorganization plan of the board of directors or the major asset reorganization of the company or substantial change of the major asset reorganization plan.

4, the board of directors of the company will announce the progress of the major asset reorganization according to the regulations, and draw the majority of investors to pay attention to investment risks carefully.

Notice hereby

Xinjiang Tianshan

Limited company

Board of directors

November 24, 2012