Ya Tai Sci-Tech Signed 1.2b Aluminum Extrusion Project Investment Framework Agreement

(China Aluminum Network) Announcement Summary

Wuxi People’s Government New District Management Council and Ya Tai Science & Technology signed Investment Framework Agreement on 4^th, March 2013; total investment reached 1.2 billion yuan. According to the agreement, the company will implement strategic development and newly extend annual production of 80 thousand tons light weight high-performance aluminum extrusion project.

Announcement Comments

Ya Tai Sci-Tech is a high and new tech enterprise contained with independent innovation capability of auto aluminum extrusions like precision tubing, special profiles and high-precision bars, and research and development, production and sales of industrial aluminum extrusions. At present, automobile and parts industry with favorable development, the rapid growth of car and other industry have brought development chances to aluminum extrusion industry. This time, the company invested light weight high-performance aluminum extrusion project in Wuxi will be another breakthrough besides main business for the company. If this project proceeded smoothly will create new growth points for the company, improve company’s whole profitability. However, whether the specific investment can put into effect still need observation since this is Investment Framework Agreement.

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