Lu Tai Textile Announced The Completion Of The Buy Back Part Of The B-Share Matters Announcement

< p > June 25, 2013 < a href= "http://www.91se91.com/news/index_c.asp > > Lu Tai textile > /a > Limited by Share Ltd announced the announcement of the completion of the buyback of Part B shares.

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< p > all members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the announcement, without false record, misleading statement or major omission.

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< p > < strong > 1, buyback approval: < /strong > < /p >

< p > June 25, 2012, the company held the second provisional shareholders' meeting in 2012, and deliberated and adopted the relevant motion concerning the proposal to repurchase some shares of domestic listed foreign shares (B shares) and other related bills: the company agreed that the total amount of its own funds should not exceed HK $773 million within 12 months from the date of the repurchase of shareholders, with no more than HK $7.38 / share (before adjusting HK $7.73 / share) to repurchase some domestic listed foreign shares (B shares), and repurchase the maximum number of shares 100 million shares.

As the company implemented the 2011 profit distribution plan in June 27, 2012, the B shares were paid 0.35 Hong Kong dollars for every 10 shares, so the highest repurchase price was adjusted from 7.73 HK dollars / share to 7.38 Hong Kong dollars / share.

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< p > August 23, 2012, the Zibo Municipal Central Bureau of the State Administration of foreign exchange approved the repurchase quota of a href= "http://www.91se91.com/news/index_cj.asp" B shares < /a > shares.

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< p > < strong > two, and the implementation of buyback implementation is less than /strong > /p >

< p > the company has formally implemented the buyback Part B share plan since September 10, 2012. As of June 24, 2013, the buyback period has expired in 1 years. After the repurchase is completed, the repurchase has strictly fulfilled the provisions of the repurchase report on the highest price and the limit of funds.

According to the relevant provisions of the guidelines of the Shenzhen Stock Exchange listed company in the bid to buy back shares, the announcement of the company's repurchase is as follows: < /p >

< p > as of June 24, 2013, when the buyback expires, the company repurchases 48837304 shares, accounting for 4.84% of the total share capital before the company repurchase. The highest price for repurchase is HK $6.94 / share, the lowest price is HK $6.53 / share, and the total payment is HK $334282058.52 (including taxes and fees).

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< p > the company will, according to the relevant requirements, register and change the registration of the repurchased shares and make timely implementation of information disclosure obligations.

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< p > announcement.

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< p > Lu Tai < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > Limited by Share Ltd < /p >

< p > board of directors < /p >

< p > June 25, 2013 < /p >.