Previously, in November 2007, China Metallurgical Group had already obtained 33% of the shares of Huludao Nonferrous Group, the controlling shareholder of Zinc Industry Co., Ltd. This continued capital increase in Huludao Nonferrous Group essentially took China Metallurgical Group's restructuring of Huludao Nonferrous Group one step further. China Metallurgical Group originally held 33% of shares in Huludao Nonferrous Group. After the current capital increase of 2 billion dollars, the shareholding ratio increased to 51.06%, changing from a relative holding position to an absolute controlling position, establishing dominance over the future operation and management of the non-ferrous group. Since the non-ferrous group holds shares in the zinc industry, China Metallurgical Group has also strengthened its control over shares in the zinc industry. We believe that the acquisition of China Metallurgical Group and Zinc Industry Co., Ltd. will improve the industrial chain of China Metallurgical Group, while at the same time, the arrival of China Metallurgical Group will enhance the future development space and management level of China Metallurgical Group and Zinc Industry Co., Ltd. However, since no further details about the restructuring work have been disclosed, we are currently unable to specifically assess the impact of China Metallurgical's current investment on the value of Zinc Industry shares, but we believe that China Metallurgical Group is critical to the positioning of China Metallurgical Group and Zinc Industry Co., Ltd. in the future development plans of China Metallurgical Group. We believe that the unsuccessful private offering of zinc shares in 2007 is likely to restart in 2008. The main reason why the company's non-public offering was unsuccessful in 2007 was that it was difficult to complete certain approvals for the Mengyaa Mine, which raised capital to acquire, within the required period. After China Metallurgical joined the company's competitiveness and the strong demand for the company's development in the mine, it is likely that the increase in production and the restart of production.