Deep Textile: Announcement On The Related Commitments Of Controlling Shareholders In Non-Public Offering In 2012

The Shenzhen textile (Group) Limited by Share Ltd department was reorganized in 1994 on the basis of the former state-owned enterprise, the textile industry company of Shenzhen. Its stock "Shenzhen textile A" and "Shenzhen textile B" were listed on the stock exchange of Hong Kong in August 1994.

The main business of Shenzhen Textile Group consists of three parts. The first is the high-tech industries represented by polarizer LCD, and the second is the textile and garment industry represented by overseas garment processing and high-grade seamless underwear. The third is the property leasing industry, which is based on the Shenzhen textile giant ha, located in the prosperous Business District of Huaqiang North Shenzhen.

Shenzhen textile (Group) Limited by Share Ltd announcement on 2012 related commitments of controlling shareholders of non-public offering

All members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the information disclosure, without any false record, misleading statement or major omission.

In April 2012, the Shenzhen textile (Group) Limited by Share Ltd (hereinafter referred to as "Shenzhen textile") adopted the motion on the company's 2012 specific target of non-public development stocks in 2012. The controlling shareholder Shenzhen Investment Holdings Company Limited (hereinafter referred to as "Shenzhen investment control") was no less than 300 million yuan and not more than 600 million yuan.

Subscribe to Shenzhen textile's non-public offering stock.

On the issue of non-public offering of shares in Shenzhen textiles in 2012, Shenzhen investment and control company issued a letter of commitment to avoid competition in the industry. It is announced as follows:

1. As the controlling shareholder of Shenzhen textile industry, Shenzhen investment control does not exist in the production and business activities that compete with the existing businesses of Shenzhen textile and its holding subsidiaries.

Two, Shenzhen's investment control and Shenzhen investment control holding subsidiaries or other enterprises that have actual control rights will not directly or indirectly represent any person, company or unit in any form, such as holding, equity participation, joint venture, cooperation, partnership, contract, lease, etc., in any area, engaging in the same or similar business with deep textiles and its holding subsidiaries, and ensuring that the rights and interests of deep textiles and other shareholders are not harbored by the status of controlling shareholders, nor do they take advantage of the status of controlling shareholders to gain additional benefits.

Three, if Shenzhen's investment control and Shenzhen investment control holding subsidiaries or other enterprises with actual control rights are competing in the future with deep textile industry, Shenzhen investment control will encourage relevant enterprises to avoid competition in the same industry by pferring equity, assets or businesses.

Four. The above commitments are effective and irrevocable in the Shenzhen investment control period as the controlling shareholder of deep textiles or indirect control of deep textiles.

Notice hereby.

Shenzhen City

(Group) Limited by Share Ltd

Board of directors

Two July 14th one or two