New continent realize strategic transformation and plan to build calcium carbide

On April 23, new Dazhou Holding Co., Ltd. held the second extraordinary general meeting of shareholders in 2008, which deliberated and passed the proposal on providing loan guarantee for Inner Mongolia Yakeshi Wujiu coal (Group) Co., Ltd. Inner Mongolia new Dazhou Energy Technology Co., Ltd. (hereinafter referred to as "energy technology company") is a new type of chemical enterprise established by new Dazhou Holding Co., Ltd. to realize the reorganization of the May ninth coal group. It is based on the coal resources of the May ninth group, so as to realize the development strategy of coal power industry. In the second half of 2006, with the promotion of the company's restructuring of the May 9th coal group, energy technology company also established the "PVC project of calcium carbide method" as the basic policy of business development; and on September 27, 2006, with the approval of the company's 5th and 8th board meetings, the company started to build an annual output of 80000 tons of calcium carbide project, with a total investment of 80 million yuan. In the process of project promotion, due to the change of environmental factors of the project construction, the income prospect of the project is optimistic. According to the research of the company, it is suggested to change the first phase project of energy technology company to calcium carbide project with an annual output of 200 thousand tons, and the total investment of the project is 367 million 390 thousand yuan. For a long time, the company's motorcycle industry has been facing fierce market competition and the low-income situation of the motorcycle industry, which makes the company face huge operating pressure. In order to bring better benefits to the company and satisfactory returns to the majority of shareholders. In 2006, the company implemented the strategy of purchasing Inner Mongolia Wujiu coal group, so as to enter the development of coal power industry chain. The company chooses Yakeshi in Inner Mongolia, which is rich in resources, to invest. It can take advantage of local resources and accelerate its own development through secondary entrepreneurship. In view of the global energy shortage and the increasing market space and profit space of calcium carbide products, it is in the fundamental interests of the company to accelerate the development of the company's energy industry. The company believes that the process of the project is mature, with good development prospects and investment returns. The successful implementation of the project will establish the regional competitive advantage of the new core business of the integration of coal and electricity in new continent, and repay the shareholders with rich achievements.