Antai Technology: Investment in amorphous ribbon production line technical transformation project

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.

I. Overview of investment projects

Amorphous alloy material is a new energy-efficient and energy-saving functional material. As a typical “double green” energy-saving material combined with manufacturing and application, it is widely used in the manufacture of energy-saving distribution transformers, compared with traditional silicon steel materials. Reduce the no-load loss by 60%-80%, and the energy saving effect is remarkable. In the core technologies of basic research, materials research, process equipment, test analysis and application development, Antai Technology has formed a complete set of amorphous industrialization technology systems with independent intellectual property rights.

In September 2012, in order to further implement the national strategic plan and related policies on energy conservation and environmental protection, Antai Technology Co., Ltd. (hereinafter referred to as “Antai Technology”, “Company”, “Company”) and State Grid Electric Power Research Institute jointly established a joint venture. Antai Nanrui Amorphous Technology Co., Ltd. (hereinafter referred to as “Antai Nanrui”) aims to give full play to the resource advantages of both core technology research, product development and market development, and jointly promote the use of amorphous materials for domestic power. Industrialization development.

In order to meet the growing demand for amorphous ribbons in the domestic amorphous distribution transformer market and enhance the company's comprehensive competitiveness in this business area, the Board of Directors agreed that Antai Nanrui invested RMB 95.66 million to implement amorphous ribbon production line technology in its Yanzhou branch. The project was changed to build 2 production lines in the existing plant, adding 12,000 tons of new capacity.

Second, the project implementation body

1. Company Name: Antai Nanrui Amorphous Technology Co., Ltd.

2. Registered address: No. 76, Xueyuan South Road, Haidian District, Beijing

3. Production address: Hebei Luzhou National Metallurgical Fine Variety Industrial Test Base

4. Registered capital: 1 billion yuan

5. Legal representative: Zhao Shiqian

6. Business positioning: The main business is research and development, production, sales and service of amorphous strip and related products.

7. Equity ratio: Antai Technology holds 51% of the shares.

Third, the basic situation of investment projects

1. Main contents of project construction

The project will build 2 production lines in the existing plant with an additional capacity of 12,000 tons.

2. Construction site: Antai Nanrui Zhangzhou Branch

3. Construction period: The construction period is 1 year and the production period is 2 years.

4. Investment estimate

The investment amount of the project is RMB 95.66 million, and the funds are self-financed by Antai Nanrui.

5. Income calculation

The project is expected to have a net profit margin of 18.64% after the completion of production, and the investment recovery period is 5 years.

Fourth, the purpose of project implementation and the impact on the company

1. Purpose of project implementation

(1) The products used in this project are used to manufacture amorphous distribution transformers with remarkable energy-saving effects. They are in line with the national macro-industry policy of energy conservation and emission reduction. The investment in this project can meet the continuous growth of demand for amorphous ribbons in the domestic market.

(2) The implementation of this project can further expand the production capacity, reduce production costs, and improve the company's comprehensive competitiveness in terms of product quality, supply capacity and production costs.

2. Implementation of the project will not have a significant impact on the company's operating results in the short term.

V. Risk of project implementation

This project is based on the original production technology to upgrade the technology, improve the production capacity through optimization, so there may be some uncertainty in the technical aspects.

Special announcement.

Antai Technology Co., Ltd.

January 16, 2014

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