About major asset restructuring of Beiren Printing

Beiren Printing Machinery Co., Ltd. announcement on major asset restructuring plan

the board of directors and all directors of the company guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents

Beijing Jingcheng electromechanical Holding Co., Ltd., the actual controller of the company, received the reply of the state owned assets supervision and Administration Commission of the Beijing Municipal People's Government on Approving the major asset restructuring of Beiren Printing Machinery Co., Ltd. (Jing Guo Zi Quan Quan Quan [2012] No. 245) on November 29, 2012. The reply approved the major asset restructuring plan of Beiren Printing Machinery Co., Ltd. in principle

it is hereby announced

board of directors of Beiren Printing Machinery Co., Ltd.

November 30, 2012

Stock Code: 600860 stock abbreviation: beiren stock No.: Lin

Beiren Printing Machinery Co., Ltd.

(a joint stock limited company incorporated in the people's Republic of China)

announcement on the approval of the evaluation results of major asset restructuring by the state owned assets supervision and Administration Commission of the Beijing Municipal People's Government

the board of directors and all directors of the company guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents

the actual controller of the company, Beijing Jingcheng electromechanical Holding Co., Ltd. (hereinafter referred to as Jingcheng holding) turned the impossibility into possibility on November 29, 2012 and received the reply to approve the asset appraisal report issued by Beijing Guoyou Dazheng Asset Appraisal Co., Ltd., the asset appraisal institution of this major asset restructuring, issued by the state owned assets supervision and Administration Commission of the Beijing Municipal People's Government (hereinafter referred to as Beijing SASAC) (jgzc [2012] No. 241, jgzc [2012] No. 242, jgzc [2012] No. 243, jgzc [2012] No. 244). The differences between the assets appraisal results approved by Beijing SASAC and the original assets appraisal results are as follows:

unit: 10000 yuan

Company Name

net assets

original appraisal value

net assets

approved appraisal value

changes

original appraisal

value-added rate

approved appraisal value-added rate

Beiren Printing Machinery Co., Ltd

118486.96

118486.96

0.00

46.20%

46.20%

Beijing Tianhai Industry Co., Ltd.

65901.68

65953.01

51.33

74.54%

74.67%

Altair also produced a set of "experience legs"

Capital Holdings (Hong Kong) Ltd.

22220.91

22246.45

25.54

64.09%

64.28%

Beijing Jingcheng Compressor Co., Ltd.

22493.25

22493.25

0.00

53.91%

53.91%

in the above evaluation results, Beijing Tianhai Industry Co., Ltd. and Jingcheng Holdings (Hong kong(2) the net assets of the company increased by 513300 yuan and 255400 yuan respectively after the approval of Beijing SASAC. Accordingly, as of the benchmark date of March 31st, 2012, The evaluation of the underlying assets of this major asset restructuring is as follows:

unit: 10000 yuan

underlying assets

net assets

book value

net assets

evaluation value

appreciation rate

proposed assets

all assets and liabilities of beiren shares

81047.15

118486.96

46.20%

assets to be placed

71.56% equity of Tianhai industry

27019.31

47195.97

74.67%

100% equity of Beijing Hong Kong

13542.20

22246.45

64.28%

100% equity of Beijing compressor

14614.82

22493.25

53.91%

total

91935.67

it is hereby announced

board of directors of Beiren Printing Machinery Co., Ltd