*ST Zhong Rong (000982): Beijing Yan Han Is Set Up To Focus On Bio Pharmaceutical, Aerospace And Military Technology.

*ST 000982.SZ announced that in order to enhance the company's profitability, expand the company's profit space and achieve long-term strategic objectives, the company intends to invest in the establishment of Beijing Yan Han technology investment management partnership (limited partnership). The size of the partnership is RMB 201 million yuan. As a limited partner, the company intends to invest 200 million yuan in its own capital with a contribution ratio of 99.5%, while authorizing the chairman to sign relevant documents.

The partnership focuses on the fields of Biopharmaceutics, aerospace, military technology and so on. It chooses the industry with rich experience in technology and investment as the technical investment adviser of the partnership.

The company will carry out the reorganization in 2019. After reorganization, the company will deepen its business and rebuild its core competitiveness in the strategic fulcrum of the main business of Cashmere Based on its historical resources, channels and the core strengths of the management team.

However, in recent years, the downward pressure on China's economy has been increasing, the cashmere industry is not booming, the export is not smooth, the cost is rising, and the profits are decreasing. The demand for investment and financing of cashmere enterprises needs to be restored and guided. In the short term, it is difficult to form enough business volume to support the cashmere supply chain service that the company has developed, which restricts the development of the company to a certain extent, and will also cause the reorganization fund to be large. With the volume of idle and difficult to increase the profits of the company, the company urgently needs to develop new business to seek new business and profit growth point.

The cashmere industry is going to build a "double cashmere supply chain service + project investment" comprehensive holding group, which is based on the stable development of the cashmere trade business and the development of cashmere supply chain service business, so as to expand the source of profit and improve the sustainable development ability, so as to improve the profitability of listed companies and safeguard the interests of small investors. Purpose of profit. At the same time, we should actively pay attention to, promote and implement the opportunities of mergers and acquisitions within and outside the industry, that is, the implementation of the "double cashmere supply chain service + project investment" double main business operation, carrying out the project investment business while developing the cashmere supply chain business, in order to expand the new profit growth point while optimizing the main asset structure of the company, and continuously enhance the company's profitability.

Through this investment, the company will take advantage of the professional ability, experience and resources of the investment management institutions to give full play to its geopolitical advantages and market operation advantages, expand investment channels, improve the efficiency of capital use, fully reflect the role of investment platform, reduce the financial risks of the company's external investment, and enhance the overall competitiveness of the company.