Henan Xinye Textile Announcement on the Resolution of the First Extraordinary General Meeting of Shareholders in 2012 of the Company Limited by Shares

The Company and all members of the Board of Directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.

1、 Important tips

1. There was no rejection or modification of the proposal at this extraordinary general meeting of shareholders;

2. There is no new proposal in this extraordinary general meeting of shareholders;

3. This extraordinary general meeting of shareholders adopts on-site voting.

2、 Convening and attendance of the meeting

Henan Xinye Textile Co., Ltd. (hereinafter referred to as "the Company") issued a notice on August 22, 2012 on the first extraordinary general meeting of shareholders in 2012. The on-site meeting was held at 14:30 p.m. on September 10, 2012 in the meeting room on the third floor of the company as scheduled. A total of 17 shareholders and authorized representatives of shareholders attended the extraordinary general meeting, representing 191637182 voting shares, accounting for 36.87% of the company's total capital stock of 519758400 shares. The meeting was convened by the board of directors of the company and presided over by Mr. Wei Xuezhu, the chairman. Directors, supervisors, some senior managers and witness lawyers of the Company attended or attended the meeting as nonvoting delegates. The convening and holding of the meeting shall comply with the relevant provisions of the Company Law, the Rules for the General Meeting of Shareholders of Listed Companies and the Articles of Association.

3、 Deliberation and voting of proposals

This extraordinary general meeting of shareholders adopts the method of on-site voting, and the voting of the meeting's proposals is as follows:

1. The Proposal on Amending the Articles of Association was passed,

The voting result was: 191637182 shares were agreed, accounting for 100% of the effective voting shares attending the shareholders' meeting, 0 shares were opposed, accounting for 0% of the effective voting shares attending the shareholders' meeting, and 0 shares were abstained, accounting for 0% of the effective voting shares attending the shareholders' meeting. The resolution was passed.

2. The Company passed the Profit Distribution Management System,

The voting result was: 191637182 shares were agreed, accounting for 100% of the effective voting shares attending the shareholders' meeting, 0 shares were opposed, accounting for 0% of the effective voting shares attending the shareholders' meeting, and 0 shares were abstained, accounting for 0% of the effective voting shares attending the shareholders' meeting. The resolution was passed.

3. The Company passed the Plan for Shareholder Return in the Next Three Years (2012-2014),

The voting result was: 191637182 shares were agreed, accounting for 100% of the effective voting shares attending the shareholders' meeting, 0 shares were opposed, accounting for 0% of the effective voting shares attending the shareholders' meeting, and 0 shares were abstained, accounting for 0% of the effective voting shares attending the shareholders' meeting. The resolution was passed.

4、 Witness of lawyers

This extraordinary general meeting of shareholders was witnessed by Liu Lanyu and Zheng Ping from Beijing Tianyin Law Firm and issued the Legal Opinion. According to the legal opinion, the convening and procedures of this extraordinary general meeting of shareholders, the qualifications of the participants, the voting procedures and the voting results of the meeting comply with the relevant provisions of the Company Law, the Rules of the General Meeting of Shareholders of Listed Companies and the Articles of Association.

5、 File directory for future reference

1. Resolutions of the 2012 First Extraordinary General Meeting of Shareholders of Henan Xinye Textile Co., Ltd;

2. The Legal Opinion on the 2012 First Extraordinary General Meeting of Shareholders of Henan Xinye Textile Co., Ltd. issued by Beijing Tianyin Law Firm.

It is hereby announced.

Henan Xinye spin Board of Directors of a joint stock limited company

September 10, 2012