Announcement Of Progress On Major Asset Reorganization Of Xinjiang Tianshan Wool Textile Industry

Company name: Tianshan textile stock code: 000813 Announcement No.: 2012-030

　　 Xinjiang Announcement of major asset reorganization of 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 feedback response materials to the CSRC when the information is complete. As of the date of the announcement, the company has not yet submitted feedback materials to the CSRC.

As of July 10, 2012, the company's major asset restructuring will be injected into the progress of assets announcement as follows:

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

1. Since mid June 2012, the mining area of the loess slope has gradually acquired the conditions for producing the original ore (copper and zinc ore), and has begun to pick up the original ore (copper zinc ore). However, it is still a while before the mining conditions and mining capacity meet the initial design requirements.

2, after the completion of related supporting systems and pipeline installation work, the mine will submit an application to the environmental protection department and the safety supervision department in time, and strive for the relevant departments to check and accept as soon as possible, and obtain the necessary qualifications for the production and operation of the relevant environmental approvals, official sewage permits and production safety licenses.

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

1, as stated in the June 6, 2012 announcement on the progress of major asset reorganization issues (Bulletin number: 2012-014): the mine has entered the formal trial production stage at the end of January 2012, and has been engaged in the pilot production of mineral processing. Due to the influence of ore quantity and adjustment of mineral processing technology, the concentrator has been shut down since March 10, 2012, and rectification, process optimization and equipment maintenance work have been carried out in the process of mineral processing trial production. In mid June 2012, the mine started production again according to the plan. At present, the ore used in mine dressing is part of the engineering ore, which is a by-product ore produced during the tunneling process of the mine. It is a single copper ore with low metal grade.

2. During the trial production period of July 10, 2012, the average copper grade and the copper recovery rate of the copper concentrate produced basically reached the level of the initial design requirements of the selected works. However, as the ore used for ore dressing is a single copper ore at present, the trial production of zinc concentrate has not been started yet. In the later stage, the mine will gradually produce zinc concentrate with the original ore (copper and zinc ore) being gradually put into trial production. However, there is uncertainty in the zinc grade and the zinc recovery rate of zinc concentrate and when it reaches the level of the initial design requirements of the selected works.

Three. 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 this major asset reorganization according to the regulations. The company designated the information disclosure media as "Securities Times" and "flood tide information network".

Notice hereby.

Xinjiang Tianshan Wool textile Limited company

Board of directors

July 18, 2012