Roley Home Textiles Announced Three Capital Raising Supervision Agreement Announcement

Announcement date 2012-07-19

Referred to as: Luo Lai home textile stock code: 002293

Roley home textiles Roley home textiles Limited by Share Ltd announcement (2012)

Stock Code: 002293 securities short: Luo Lai home textile announcement number: 2012-027

Roley home textiles Limited by Share Ltd

Announcement on signing the three party supervision agreement on raising funds

The company and all members of the board guarantee the authenticity, accuracy and completeness of the information disclosure.

There are no false statements, misleading statements or major omissions.

Roley home textile Limited by Share Ltd (hereinafter referred to as the "company") held the eighteenth meeting of the second board of directors in April 23, 2012. In May 8, 2012, the company held its annual shareholders' meeting in 2011. All of them passed the "motion on investment agreement with the Tianjin Binhai New Area light and Textile Economic Zone Management Committee" and the first phase project investment of the northern headquarters. The decision to use the super raised fund 100 million yuan to invest in the establishment of a wholly owned subsidiary of Tianjin, Roley home textile (Tianjin) Co., Ltd. (hereinafter referred to as "Tianjin Corporation"), Tianjin Corporation has completed the registration form of industrial and commercial registration.

According to the relevant regulations on the storage and use of the raised funds, the Tianjin Corporation has applied for increasing the special account for raising funds, and has signed the three party supervision agreement with the Bank of China, Nantong branch of the Limited by Share Ltd economic and Technological Development Zone (hereinafter referred to as "bank") and the sponsor's Ping An Securities Limited liability company (hereinafter referred to as "Ping An Securities").

The main contents of the agreement are as follows:

1. The Tianjin Corporation has set up a special management account for raising funds in the depository bank of the reserve fund (hereinafter referred to as "special account"), with an account number of 548260655936. As of July 3, 2012, the balance of the account was RMB 100017446.17 yuan.

The account is only used for the storage and use of the funds raised in the first phase project of the North headquarters of the company and shall not be used for other purposes.

Two, the Tianjin Corporation and the depository bank should raise the requirements of the relevant laws, regulations and normative documents such as the People's Republic of China law of negotiable instruments, the payment and settlement method, and the management of RMB bank settlement accounts.

Three, Ping An Securities, as a sponsor of the company, should be nominated by the sponsor representative or other staff according to the relevant regulations to supervise the use of the company's raised funds.

Four. Tianjin Corporation authorized Cui Ling, the sponsor representative designated by Ping An Securities, and Feng Fu can collect the information of the bank from the reserve fund at any time, and copy the information of the company's special account.

Roley home textiles Roley home textiles Limited by Share Ltd announcement (2012)

Five, raise funds to store accounts on a monthly basis (10 days before each month) to issue a statement to Tianjin Corporation, and send it to Ping An Securities.

The depository bank should ensure the authenticity, accuracy and completeness of the contents of bank statements.

Six. The total amount of Tianjin Corporation's 1 or 12 months accumulated from a special account is more than RMB 10 million yuan.

5% of the net amount after deducting the issuance cost (whichever is lower), the depository bank should notify the Ping An Securities by fax in time, and provide a list of expenditure for the special account.

Seven, Ping An Securities has the right to change the designated sponsor representative in accordance with relevant regulations.

Ping An Securities should replace the sponsor representative in writing. The relevant documents should be notified to the bank in writing, and written to the Tianjin Corporation and the bank should inform the sponsor representative after the change.

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

Eight. If the bank fails to issue a large account of the account or notice to the Ping An Securities for three consecutive times, and if there is any information that does not comply with the information of Ping An Securities enquiry and investigation account, Tianjin Corporation has the right to terminate this agreement unilaterally and cancel the special account for raising funds.

Nine. This Agreement shall come into force on the date of signing and affixing the official seal of each unit of the Tianjin Corporation, bank, Ping An Securities, the three party's legal representative or its authorized representative, and shall be invalid after the completion of all the funds of the account and the end of the continuous supervision period of Ping An Securities.

Reference documents:

Three party supervision agreement on raising funds

This is hereby announced.

Luo Lai

Limited by Share Ltd board of directors

Two July 19th one or two