Golden Eagle Shares Were Asked: Explain The Business And Capital Increase.

Jinying shares (600232) accepted the Shanghai Stock Exchange's "post Zhejiang audit report on the 2019 semi annual report of Golden Eagle Limited by Share Ltd". The Shanghai Stock Exchange asked the company to explain the operation and management of different businesses of the company. It plans to invest in three yuan lithium battery cathode material project, the construction and operation of the new lithium ion battery lithium iron phosphate cathode material project, and matters related to the company's investment and increase in capital and so on.

The Shanghai Stock Exchange said that the operating income of the company during the reporting period was 529 million yuan, down 8.7% compared to the same period last year. The balance at the end of the inventory was 710 million yuan, an increase of 16.14% over the same period last year, accounting for 39.52% of the total assets. The company plans to invest three yuan in lithium battery cathode material projects, with a total investment of 500 million yuan, and will produce an annual output of three tons of cathode materials for lithium batteries. In the first half of 19 years, the operating income and net profit of Jinying Ruixiang company were 9 million 670 thousand yuan and -463 million yuan respectively; according to the company announcement, in August 28, 2018, the company signed an investment agreement to increase its capital to 25 million yuan and earn 55.56% of its equity. At the end of the reporting period, wal tech did not complete the registration of industrial and commercial changes.

The Shanghai stock exchange requires Jinying shares to explain: 1, the final balance, the age distribution, the turnover rate and the year-on-year change of the inventory are disclosed according to the type of business and product type; 2, the company says it intends to invest three yuan in the lithium battery cathode material project, and asks the company to disclose the investment situation of the project, and fully disclose the feasibility of the project and the investment income in combination with the market industry; 3, the company intends to build a new lithium ion battery lithium iron phosphate cathode material project with a total investment of 195 million yuan. Up to now, the total investment amount of the project is only 20 million 410 thousand yuan. Since its production in May 2017, it has been in a state of discontinued production. It is a major change. The company has not fulfilled its obligation to disclose information on the above matters. 4, the company announced that the company's seal management department had certain defects in regulating internal control. It requested the company to disclose the specific contents, duration and influence of the defects, whether the responsible persons performed diligent tasks, and 5, the company increased its investment to Wally technology by 25 million yuan. At the end of the report, the company had not yet completed the registration procedures for industrial and commercial transformation, and the company had an undisclosed external guarantee. It is necessary for the company to disclose the main provisions of the investment agreement and whether or not to maintain related transactions, which constitutes a substantial obstacle to the change of business procedures.

Please reply to the above questions by September 28, 2019.