On January 29, 2010, the company (000151) and McGonagall Industries of Canada signed the "Framework for the Development of the Mongo Potash Project in the Republic of the Congo" in accordance with the framework agreement. McGonagall designated the company (000151) as the contractor under the design, procurement and construction (EPC) contract for the project. At the same time, the company (000151) undertakes the financing needed to complete the EPC construction of the project, which is expected to be no more than 1.2 billion US dollars. The framework points out that the future cooperation covers the principles that should be followed in several important parts, such as EPC general contract, financing agreement, product compensation and sharing agreement and project equity acquisition option, but the specific content has not yet been reached. Therefore, the actual development progress of the project and the benefits that the project brings to the company are still difficult to predict and there is uncertainty.

Through its subsidiary (MPC), McGonagall Industries of Canada has obtained a license to develop a large area of potash resources (Mongo Mining Certificate) in Quiru province of the Republic of the Congo. The company (000151) and McGonagall Industries of Canada plan to develop a potash solution mining and processing plant in the Mongo Development license in the Republic of the Congo to build a potash plant with an annual capacity of 1.2 million tons (600000 tons each) to produce granular or standard potash fertilizer (KCL). The company (000151) also acquired a share purchase option in McGonagall Mining Potash Congo (MPC). If exercised, the company (000151) will directly or indirectly own 50% of the common shares of MPC + 1 common share, and the option price will be determined by reference to the price assessed by an independent, qualified third party appraiser agreed by both McGonagall and Zhongcheng. The term of the option is twelve months from the effective date of the EPC contract.

Salt Lake Potash Fertilizer (000792) produced 2.0946 million tons of KCL products and sold 1.246 million tons in 2008, with the latest market capitalization of 42 billion yuan. According to the output and market value as parameters, if the future cooperation is smooth, the company (000151) exercises the share purchase option to (MPC), the market value may reach 12 billion yuan.