Seven Wolves Raise Funds And Sign The Three Party Regulatory Agreement Announcement.

Stock Code: 002029 securities short: seven wolves announcement number: 2012-033

Fujian

Industrial Limited by Share Ltd

Announcement on signing the three party supervision agreement on raising funds

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.

Fujian seven wolves industrial Limited by Share Ltd (hereinafter referred to as the "company") has been approved by the Securities Regulatory Commission of China in its approval of the securities and Futures Commission No. [2012]611. It has issued 78 million 200 thousand shares of Renminbi common stock (A shares) with a value of 1 yuan per share, issuing a price of RMB 23 yuan per share, with a total of RMB 1 billion 798 million 600 thousand yuan, after deducting the non-public issuance of shares to specific investors. The net amount of the net proceeds raised is RMB 1 billion 765 million 995 thousand and 600 yuan after deducting the 32 million 604 thousand and 400 yuan of issuance costs, including the underwriting fees, sponsorship fees, accounting fees and lawyers fees.

The above raised funds have been verified by Fujian Huaxing certified public accountants Co., Ltd. in June 13, 2012, "Fujian Huaxing (2012) F-002" and "capital verification report".

In order to regulate the management of fund-raising funds and protect the rights and interests of small and medium-sized investors, according to the relevant laws and regulations and the regulations on the management of raising funds of listed companies on the Shenzhen stock exchange, the Limited by Share Ltd and the sponsor ([12.69 0.71% shares of the securities exchange) of Limited by Share Ltd (hereinafter referred to as the "state gold securities") are separately listed with the [2.76 Bank of the Bank of China, the 0% Bank of the Bank of China for raising funds, the Jinjiang branch of the Limited by Share Ltd, and the [12.42 0.08% shares of the Xingye Bank.] the sales Department of the Limited by Share Ltd branch of the Beijing signed the "three party supervision agreement on the collection of funds" (hereinafter referred to as the "agreement" or "agreement"). The main contents are as follows:

I. the situation of special accounts for raising funds

1, the company has set up a special account for raising funds in the Bank of China Limited by Share Ltd Jinjiang branch, with an account number of 418262666961. As of June 29, 2012, the balance of the account was $29997259.50.

The account is only used for the storage and use of the fundraising fund of the company's marketing network optimization project, and it can not be used for other purposes.

The company raises funds in the form of a notice deposit of RMB 1138118446.70 yuan, the opening date is June 28, 2012, and the term is not fixed.

The company promises that the above deposit will be pferred to the above mentioned fund raising account and notify the state securities.

The company's notice deposit account shall not be mortgaged.

2, the company has set up a special account for raising funds in the business department of Limited by Share Ltd branch of Xingye Bank, with an account number of 321250100100139250. As of June 29, 2012, the account balance was 600 million yuan.

The account is only used for the storage and use of the fundraising fund of the company's marketing network optimization project, and it can not be used for other purposes.

Two, companies and special banks should abide by the laws, regulations and regulations of the People's Republic of China law on negotiable instruments, the payment and settlement method, and the management of Renminbi bank settlement accounts.

Three. As a sponsor company of the company, the state securities company should designate the sponsor representative or other staff to supervise the use of the company's fund-raising funds in accordance with relevant regulations.

State securities should perform its supervisory duties in accordance with the management measures for raising funds of Listed Companies in Shenzhen stock exchange and the fund raising management system formulated by the company, and may exercise its supervisory power through on-site investigation and written inquiries.

The company and the special bank should cooperate with the investigation and inquiry of the state securities company.

The state securities company should check the storage situation of the fund raising households at the same time.

Four, the company authorized country gold

The designated sponsor representative Wang Ke and Li Xiaoji can inquire and copy the information of the company's special account at any time. The special bank should provide timely, accurate and complete information to the relevant special accounts.

The sponsor representative should issue his legal identity certificate to the special bank when he inquires about the company's special account. The other staff appointed by the state securities company should issue his own legal identity certificate and letter of recommendation when he inquires about the company's special account to the special bank.

Five, the account bank will issue a statement to the company on a monthly basis (10 days before the Bank of China every month and 5 working days before the Industrial Bank), and copy it to the state securities.

The special bank shall ensure that the contents of the bill are authentic, accurate and complete.

Six, the amount that the company withdraws from the Bank of China account in one or 12 months or more than 6 million 600 thousand yuan from the account of the Bank of China will receive more than 3 million 400 thousand yuan, and the corresponding account bank should notify the state securities in a timely manner by fax, and provide a list of expenditure for the special account.

Seven, state securities has the right to change the designated sponsor representative in accordance with relevant regulations.

In case of change of sponsor representative, the relevant documents should be notified to the bank in writing, and the contact form of the sponsor representative should be notified in writing according to the requirements of this agreement.

Replacing the sponsor representative does not affect the validity of this agreement.

Eight, the three consecutive time that the account bank failed to issue the bill to the state securities or the large amount of withdrawals to the state securities company, and the situation of failing to comply with the state securities investigation account, the company or the state securities could require the company unilaterally terminate this Agreement and cancel the special account for raising funds.

Nine. This agreement is from company and account.

The three party legal representative of the state securities company or its authorized representative shall enter into force on the date of signing and affixing the official seal of their respective units, and shall cease to be effective until all the funds of the account are completed and the date of sale according to law.

The date of termination of the obligations of the state securities company to the continuing supervision period was lifted in December 31, 2013.

Notice hereby.

Fujian seven wolf industrial Limited by Share Ltd

Board of directors

July 12, 2012