Jingwei Textile Machinery Limited By Share Ltd Announcement

Stock Code: 000666 securities short: Jingwei Textile Machinery announcement number: 2011-3

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

The company held the sixth annual meeting of the board of directors in January 26, 2011. The meeting was chaired by Chairman Ye Maoxin.

Should be 8 directors, the actual attendance of 8 directors, in line with the company law and the provisions of the company's articles of association.

After full discussion, the conference adopted the following 8 votes, 0 votes against and 0 abstentions.

The company agreed to provide joint and several liability guarantee for Tianjin Hongda to apply to the [12.71 0.63%] Tianjin waterway branch of China Merchants Bank for RMB 20 million yuan, with a limit of 1 years.

(result of the vote: 8 votes in favour, 0 votes against, 0 abstentions).

This is hereby announced.

Jingwei Textile Machinery Limited by Share Ltd

Board of directors

January 26, 2011

Stock Code: 000666 securities short: Jingwei Textile Machinery announcement number: 2011-4

Jingwei Textile Machinery Limited by Share Ltd

A notice of guarantee for a subsidiary

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

I. summary of guarantee situation

Jingwei Textile Machinery Limited by Share Ltd (hereinafter referred to as the "company") signed the "maximum guarantee contract" with China Merchants Bank Tianjin waterway branch in January 26, 2011, providing joint and several liability guarantee to the subsidiary Tianjin Hongda Textile Machinery Co., Ltd. (hereinafter referred to as "Tianjin Hongda") for the comprehensive credit line of RMB 20 million yuan applied to Tianjin branch of Tianjin branch of China Merchants Bank.

The company held the sixth annual meeting of the board of directors in January 26, 2011. The meeting was chaired by Chairman Ye Maoxin.

Should be 8 directors, the actual attendance of 8 directors, in line with the company law and the provisions of the company's articles of association.

After full discussion, the conference adopted the following 8 votes, 0 votes against and 0 abstentions, and agreed that the company will provide joint and several liability guarantee for Tianjin Hongda to apply to the Tianjin branch of the Shanghai Branch of China Merchants Bank for RMB 20 million yuan, with a limit of 1 years.

This guarantee is not subject to the approval of the shareholders' meeting.

Two, the basic situation of the guarantor

The guarantor Tianjin Hongda, a wholly-owned subsidiary of the company, was founded in August 17, 1999. Its registered residence is block 05 of Tianjin Huayuan Industrial Zone (part outside the ring). The legal representative is Zhang Jianguo, whose registered capital is RMB 78 million 500 thousand yuan. The company's business scope includes: Technology Development, consultation, service and pfer; special equipment for textile industry, switch control equipment, photocopying, agricultural machinery, steam fittings manufacturing, etc.

According to the unaudited financial statements of Tianjin, as of December 31, 2010, the total assets of Tianjin's grand assets amounted to 379629298 yuan, the total liabilities amounted to 264584383.11 yuan, the net assets were RMB 115044914.89 yuan, the operating income was RMB 339097247.82 yuan, the total profit was RMB 11506448.34 yuan, and the net profit was RMB 11506448.34 yuan.

{page_break}

Three. Main contents of the guarantee agreement

According to the highest guarantee contract signed by our company and China Merchants Bank Tianjin waterway branch, the company's comprehensive credit limit for Tianjin Hongda to China Merchants Bank Tianjin waterway branch is 20 million yuan, with a term of 1 years. It is a joint and several liability guarantee.

Tianjin Hong Da will use the land value of RMB 22804061.80 as the object of counter guarantee.

Four. Board opinion

Tianjin Hongda is a wholly owned subsidiary of the company. The company provides joint and several liability guarantee for its comprehensive credit line applied to the bank to ensure its normal operation.

After careful consideration and deliberation by the board of directors of the company, it is believed that this guarantee for Tianjin Hongda is conducive to its financial support for production and operation. The assets of the company are of excellent quality, good operation and strong solvency, and Tianjin Hongda has provided counter guarantee for the guarantee. The financial risk is within the control of the company. There is no violation of the notice of the China Securities Regulatory Commission on certain issues concerning Regulating the financial pactions between listed companies and related parties and the external guarantee of listed companies, and the notice of the CSRC and the CBRC on standardizing the external guarantee activities of listed companies. The guarantee agreement will not harm the interests of the company.

Five. The total number of external guarantees.

After the implementation of the above guarantee, the total guarantee amount of the company is 315 million yuan (of which the company's external guarantee amount is 150 million yuan, and the guarantee amount for the subsidiary is RMB 165 million yuan), accounting for 10.77% of the company's latest audited net assets.

I hereby inform you.

Warp and weft textile machinery Limited by Share Ltd

Board of directors

January 26, 2011 Jingwei Textile Machinery Limited by Share Ltd Bulletin (Series)