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| Brief introduction
to Anhui Provincial State-owned Assets Operation Company |
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Anhui Provincial State-owned Assets Operation
Company was formed through approval and investment
of the provincial government. The company assumes
the investor¡¯s responsibility and exercises the
investor¡¯s right for state-owned assets authorized
by the provincial government. The company, by laws,
appoints representatives or stock right representatives
to enterprises that the company has been authorized
to govern; organizes and exercises return on state-owned
assets, various governmental production and construction
funds to conduct businesses such as investment,
stock participating, stock holding, property right
transaction and stock right purchase and transfer.
The company also develops operating activities such
as securities, funds and financing within the range
the state specifies; independently develops operating
businesses and related intermediary services with
market oriented.
The company owns two holding companies, Huaan securities
Co., Ltd and the Technological Industrial Investment
Company, respectively accounting for 52% and 67%
of their stock. The company is a No. one large shareholder
of the two companies. As a role of the provincial
government¡¯s investor the company has invested and
participated in the provincial key construction
project - international exhibition center on behalf
of the provincial government. The company has also
invested and participated in over 10 enterprises
of Hui Merchant Joint-stock Co., Ltd., such as Jiuhua
Shenjing, Feite Science and Technology and Feiya
Stock.
The company¡¯s registered capital is 1.1 billion
RMB Yuan. By the end of 2002, the actually received
capital was 673.99 million Yuan.
In accordance with requirements of the reform of
state-owned assets management system put forward
in the report of the 16th CPC National Congress,
the company will energetically perform the investor¡¯s
duty granted by the provincial government and state-owned
assets office, strengthen property right management
of holding and participating enterprises, harmonize
relations between all parts, standardize operation
and guarantee return. Strive hard fulfill the maintenance
and appreciation of state assets value; at the same
time. energetically exploit new thoughts of state-owned
assets operations in operating activities such as
investment, stock holding, stock participating,
property right transaction and stock right transfer.
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