Special Explanation on the Occupation of Funds by Controlling Shareholders and Other Related Parties for the Year 2010
To all shareholders of Qinghai Salt Lake Industry Group Co., Ltd.:
We audited the balance sheet and consolidated balance sheet of Qinghai Salt Lake Industry Group Co., Ltd. (hereinafter referred to as "Salt Lake Group") as of December 31, 2010, as well as the profit and loss statement and consolidated profit and loss statement, statement of changes in shareholders' equity and consolidated statement of changes in shareholders' equity, cash flow statement and consolidated cash flow statement, along with the notes to the financial statements. On March 6, 2011, we issued the standard unqualified audit report No. 135 [2011] from Guohao.