Announcement of Company Name Alteration


Stock code:002378            Short name for Securities: ZhangyuanTungsten                       Number:2012-010

    Chongyi Zhangyuan Tungsten Co., Ltd.
    Announcement for renaming wholly-owned subsidiary
    The company and the board ensure the announcement content is true, accurate, complete, and without fake records, misleading statements or major omissions.
    Chongyi Zhangyuan Tungsten Co., Ltd. wholly-owned subsidiary –Ganzhou Zhangyuan Tungsten Advanced Materials Co., Ltd. has been decided to change to Ganzhou Achteck Tool Technology Co., Ltd. (Ganzhou Achteck for short).
    Currently, Ganzhou Achteck has completed the industrial and commercial registration of name alteration, and obtained the license of Business Corporation by Ganzhou Industrial and Commercial Administration. The basic information is as follows:
    Business license registration number: 360703110000037
    Legal representative: Huang Shichun
    Registered capital: 408.12 million Yuan
    Paid-in capital: 408.12 million Yuan
    Location: Ganzhou Economic Development Area No.3 Industry Road
    Scope of business: processing, selling and exporting cemented carbide and its cutting tools, hard-facing materials, ceramic fiber composites; importing raw materials needed for production, mechanical equipments, instruments and gages, accessories and related techniques (except the national limited or prohibited goods or techniques)
    Notice is hereby given.
    Board of Chongyi Zhangyuan Tungsten Co., Ltd.
    April 6th, 2012