Announcement on the Postponement of the Disclosure of the 2001 Annual Report
Stock Abbreviation: ST Yanshan
Stock Code: 000675
Announcement No.: 2002-008
Sichuan Yanshan Chemical (Group) Co., Ltd. was originally scheduled to publish its 2001 annual report on April 16, 2002. Due to the inability to complete the annual audit as expected, the company has decided to postpone the disclosure of the 2001 annual report to April 24, 2002. The board of directors apologizes to all investors for this delay.
Sichuan Yanshan Chemical (Group) Co., Ltd.
Board of Directors
April 11, 2002
Announcement on the Progress of Debt Restructuring
Stock Abbreviation: ST Yanshan
Stock Code: 000675
Announcement No.: 2002-009
Sichuan Yanshan Chemical (Group) Co., Ltd. published the announcement regarding the sale of assets and transfer of controlling subsidiary equity on March 19, 2002, in the "China Securities Journal" and "Securities Times." Since the transferees of this transaction will pay the price by assuming debts, the transfer of debts requires the consent of creditors. As of April 14, 2002, the company has obtained creditor consent for a cumulative debt transfer amounting to 302,004,200 yuan (including the agreement from creditor banks—Agricultural Bank of China, Neijiang Branch, China Construction Bank, Zizhong County Branch, and Zizhong County Rural Credit Cooperative Union regarding the company's asset debt restructuring plan, which was announced on April 4, 2002, in the "China Securities Journal" and "Securities Times"). The company hereby announces the following regarding the debt transfer involved in this asset restructuring: