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Announcement Of The Fifth Meeting Of The Second Board Of Directors Of Jiangsu Textile Co., Ltd.

2011/9/27 8:52:00 27

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete, and there are no false statements, misleading statements or major omissions.

Jiangsu joint development

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The fifth meeting of the second board of directors of Limited by Share Ltd (hereinafter referred to as the "company") was held in the conference room of the two floor of the company on the afternoon of September 25, 2011. The notice and document of the conference were delivered to the directors in written and e-mail in September 14, 2011.

All members of the board attended the meeting, and all supervisors and executives attended the meeting.

The meeting was presided over by Kong Xiangjun, chairman of the board.

After careful consideration, the following motion was considered by the conference:

I. motions concerning the appointment of directors of the company's internal audit department

The outcome of the deliberations: the board of Directors voted 9 votes in favour, 0 votes against, 0 abstentions, and agreed to appoint Ms. Wang Meiling as the head of the company's internal audit. The term of office is the same as that of the current board of directors.

(see resume for details)

Two. A motion to consider the implementation of the company's internal control rules.

The result of the deliberations: the board of directors agreed on the motion with 9 votes in favour, 0 votes against it and 0 abstentions. The contents are detailed in the www.cninfo.com.cn.

Three, about the "strengthening of small and medium enterprise board listed companies internal control rules implementation" special rectification plan.

The result of the deliberations: the board of directors agreed on the motion with 9 votes in favour, 0 votes against it and 0 abstentions. The contents are detailed in the www.cninfo.com.cn.

Notice hereby!

Jiangsu Luen Fat textile Limited by Share Ltd

Board of directors

Two O September 26th

Annex: resume of head of internal audit department

Ms. Wang Meiling, Chinese nationality, 52 years old, technical secondary school education, accountant.

He served as chief financial officer of Haian County electronic instrument factory, treasurer of Haian Lian FA dyeing and finishing plant and chief financial officer of Nantong Lian FA Thermal Power Co., Ltd.

Ms. Wang Meiling did not hold shares in the company, and had no relationship with the shareholders and actual controllers, other directors, supervisors and senior managers of the company holding more than 5% shares of the company. Without the punishment of the CSRC and other relevant departments and the disciplinary actions of the stock exchange, there was no condition for the company to prohibit its employment and the punishment imposed by the CSRC on the securities market.

Jiangsu Luen Fat textile Limited by Share Ltd

About "strengthening SME board"

list

Implementation of internal control rules

Rectification plan for special events

Jiangsu Luen Fat textile Limited by Share Ltd (hereinafter referred to as "the company"), according to the relevant requirements of the Shenzhen stock exchange's "notice on strengthening the implementation of the internal control rules for small and medium-sized enterprise board listed companies", and implementing the self checking table of the internal control regulations of the SME board listed companies, has launched a careful self-examination of the internal control rules.

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After careful verification, the company found that there are still some deficiencies in the implementation of the internal control rules:

1, there are problems:

(1) the head of the company's internal audit department has not been appointed or dismissed by the board of directors.

2. The company has not yet engaged in the pfer of shares.

business

The qualified securities company signed the "entrusted agency pfer agreement".

2, rectification measures:

The head of the company's internal audit department has been nominated by the board of auditors, and has been considered and approved by the fifth meeting of the second board of directors of the company. Ms. Wang Meiling has been appointed as the head of the company's internal audit department.

(2) according to the contents of the "notice on strengthening the implementation of the internal control rules for small and medium enterprises listed companies" and the contents of the securities listing agreement of the SME Board of the Shenzhen stock exchange, we will sign the "agreement on share pfer agreement" with the securities company that has the qualification to act as an agent for the share pfer brokerage business as soon as possible.

3. Responsible person:

The Secretary of the board of directors

4, the deadline for rectification is:

It was completed by the end of November 2011.

Jiangsu Luen Fat textile Limited by Share Ltd

Board of directors

September 26, 2011