Inner Mongolia Eerduosi Resourses Co Ltd to Merge with Subsidiaries

Inner Mongolia Eerduosi Resourses Co Ltd announced that it will acquire a 1% stake in two Mongolia-based cashmere products companies from its wholly owned subsidiary, an Inner Mongolia-based international trade company, respectively for RMB 572,700 and RMB 60,000. After that, the Company will hold a 100% stake in both two target companies. And then the Company will merge with these two subsidiaries, as well as another two wholly owned subsidiaries, an Inner Mongolia-based cashmere apparel company and another Inner Mongolia-based cashmere products company.