Boulder Group plans to build a production line with an annual output of 100,000 tons of unsaturated polyester resin, which is expected to start by the end of 2016.

Recently, the board of directors of China Stone Co., Ltd. (the "Company") announced that its wholly-owned subsidiary Stone Group Co., Ltd. (hereinafter referred to as "Stone Group") intends to build an annual output of 100,000 tons of unsaturated polyester resin production line, with a total investment of 18.64175 million yuan. Construction of the project is scheduled to begin by the end of 2016 with a one-year construction period.
the project is located in tongxiang City Economic Development Zone, a total investment of 186.4175 million yuan, will be resolved through enterprise-owned funds and bank loans. After the completion of the project, it is expected to achieve annual sales revenue of 92.82051 million yuan, the average annual profit of 37.0294 million yuan. After the implementation of the project will achieve energy-saving goals, reduce pollutant emissions, the project construction in line with the "standard emissions, clean production, total control" principle, from the perspective of environmental protection is feasible. The project accelerates the company's pace of industrial clustering and further improves market share.
Boulder Group registered capital of 5255.313 million yuan, located in the Yangtze River Delta economic circle of the Zhejiang North Plain, with a unique location advantage, won China's economic development opportunities. Stone Group is a professional manufacturer of fiberglass, mainly engaged in fiberglass, composite products manufacturing and sales. As of December 31, 2015, Stone Group's total book assets amounted to RMB2002,165.33 million, total liabilities amounted to RMB133,553.05 million, net assets were RMB66,663.483 million, net profit for 2015 was RMB99,799.64 million, and the asset-liability ratio was RMB66.70%.