Huafeng Spandex Postponed Spandex Price Increase And Convened The Second Provisional Shareholders Meeting Resolution

< p > > a href= "http://sjfzxm.com/news/index_cj.as" > Hua Feng spandex < /a > Chen Zhangliang said on Wednesday that as the downstream market performance was weak, the price of the spandex that the company had planned earlier in November still needs to wait for the future performance of the market.

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< p > "at present, the downstream demand is weak, and when the price of other chemical fiber varieties decreases, the company's < a href=" http://sjfzxm.com/news/index_cj.as "> spandex < /a > product pricing plan must wait and see the future performance of the market."

Chen Zhangliang said, "in November for the spandex industry peak season, the company plans to raise prices in November."

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< p > Chen Zhangliang said that the current shipments of the company decreased by 200 tons compared with last month, but the effective stock of spandex remained within 10 days, and the operating rate was 100%.

The price of spandex has not been lowered.

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< p > > strong > Huafeng spandex: resolution of the second provisional shareholders' meeting in 2013 - the company meets the conditions of non-public offering stock < /strong > /p >

< p > important note: < /p >

< p > no increase, rejection or change of proposals during the shareholders' meeting.

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< p > < strong > 1. The meeting and attendance were < /strong > /p >

< p > > Zhejiang a href= "http://sjfzxm.com/news/index_cj.as" > Huafeng spandex Limited by Share Ltd < /a > (hereinafter referred to as "company") issued in October 25, 2013 "Zhejiang Huafeng spandex Limited by Share Ltd about the convening of the second annual general meeting of shareholders" (hereinafter referred to as "conference notice").

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< p > the board of directors of the company has informed the shareholders by announcements fifteen days before the general meeting.

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< p > the meeting was held in conjunction with on-site voting and online voting.

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< p > on-site meeting was held at the conference room on the third floor of Huafeng spandex administration building, 1788 Development Zone Road, Ruian, on the afternoon of November 14, 2013 at 2:00 p.m., and the network voting time was 14 months in November 13, 2013 -11. Among them, the voting time of the online voting system through < a href= "http://sjfzxm.com/news/ index_cj.as" > Shenzhen stock exchange < /a > trading system was: < /p >

< p > November 14, 2013 at 9:30-11:30 a.m., 13:00-15:00 p.m.

The specific time for voting through the Internet voting system of the Shenzhen stock exchange is: any time from 15:00 November 13, 2013 to 15:00 November 14, 2013.

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< p > the meeting was convened by the board of directors of the company and chaired by Mr. Yang Congdeng, chairman of the company. Some directors, supervisors and executives attended the meeting, which was in conformity with the provisions of the company law and the articles of association.

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< p > there are 56 shareholders and shareholders authorized agents who attend the on-site meetings and participate in the online voting, representing 431625377 shares, accounting for 58.45% of the total number of voting shares.

Among them: < /p >

< p > (1) there are 12 shareholders (including shareholder agents) attending the on-site meetings, representing 427417962 shares, representing 57.88% of the total number of voting shares in the company; < /p >

< p > (2) according to the online voting statistics provided by Shenzhen Securities Information Co., Ltd. after the end of the online voting of the conference, 44 shareholders participated in the online voting, representing 4207415 shares, representing 0.57% of the total number of voting shares.

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< p > < strong > two, the proposal deliberation is less than /strong > /p >

< p > voting at the general meeting of shareholders was carried out by way of on-site voting and Internet voting. The following resolutions were adopted: < /p >

< p > < strong > 1, and passed the motion on the conditions for the company to meet the requirements of the non-public development bank stock < /strong > < /p >

< p > agree to 429723546 shares, account for 99.56% of the total number of valid voting shares, oppose 804247 shares, account for 0.19% of the total number of valid voting shares, and abstain from 1097584 shares (of which 1097584 shares are not abstained by voting), accounting for 0.25% of the total number of valid voting shares.

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< p > < strong > 2, and the adoption of < a href= "http://sjfzxm.com/news/index_cj.as > < < /a > > on the company's non-public development bank stock issuance plan. The motion should be considered one by one: < /strong > /p >

< p > (1) the type and face value of the issued shares are {page_break} < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (2) issuing mode < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (3) issue quantity < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (4) the object of issue is < /p >.

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (5) pricing day, issuing price and pricing principle < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (6) the selling period is < /p >.

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (7) listing place < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (8) raise funds to invest < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (9) the profit margin arrangement before the non-public offering is < /p >.

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > (10) the validity of this issue resolution is less than /p.

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 800347 shares, account for 1.09% of the total number of valid voting shares, and abstain from 1101484 shares (of which 1101484 shares are not abstained by voting), accounting for 1.50% of the total number of valid voting shares.

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< p > < strong > 3, and adopted the "Zhejiang Huafeng spandex Limited by Share Ltd non-public Development Bank Stock Plan" < /strong > /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 763747 shares, account for 1.04% of the total number of valid voting shares, and abstain from 1138084 shares (of which 1138084 shares are not abstained by voting), accounting for 1.55% of the total number of valid voting shares.

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< p > < strong > 4, and passed the "feasibility analysis report on the use of this raised fund" < /strong > /p >

< p > agree to 429723546 shares, account for 99.56% of the total number of valid voting shares, oppose 763747 shares, account for 0.18% of the total number of valid voting shares, and abstain from 1138084 shares (of which 1138084 shares are not abstained by voting), accounting for 0.26% of the total number of valid voting shares.

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< p > < strong > 5, and passed the motion on the signing of the stock subscription contract with the Huafeng Group Co., Ltd. with the effective conditions < /strong > < /p >

< p > agree to 71752283 shares, account for 97.42% of the total number of valid voting shares, oppose 757447 shares, account for 1.03% of the total number of valid voting shares, and abstain from 1144384 shares (of which 1144384 shares are not abstained by voting), accounting for 1.55% of the total number of valid voting shares.

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< p > < strong > 6, and passed the motion on Authorizing the board of directors to authorize the board of directors to handle the related matters of this non-public Development Bank. < /strong > < /p >

< p > agree to 429723546 shares, account for 99.56% of the total number of valid voting shares, oppose 761447 shares, account for 0.18% of the total number of valid voting shares, and abstain from 1140384 shares (of which 1140384 shares are not abstained by voting), accounting for 0.26% of the total number of valid voting shares.

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< p > < strong > 7, and consider and adopt the dividend plan of Zhejiang Huafeng spandex Limited by Share Ltd in the next three years (2013-2015 years) < /strong > < /p >

< p > agree to 429723546 shares, account for 99.56% of the total number of valid voting shares, oppose 757447 shares, account for 0.18% of the total number of valid voting shares, and abstain from 1144384 shares (of which 1144384 shares are not abstained by voting), accounting for 0.27% of the total number of valid voting shares.

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< p > < strong > 8, and passed the motion on providing guarantees for wholly-owned subsidiary companies < /strong > < /p >

< p > agree to 422893546 shares, account for 99.55% of the total number of valid voting shares, oppose 757447 shares, account for 0.18% of the total number of valid voting shares, and abstain from 1144384 shares (of which 1144384 shares are not abstained by voting), accounting for 0.27% of the total number of valid voting shares.

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< p > < strong > 9, and passed the motion on the report on the use of the company's previous raised funds < /strong > < /p >

< p > agree to 429723546 shares, account for 99.56% of the total number of valid voting shares, oppose 757447 shares, account for 0.18% of the total number of valid voting shares, and abstain from 1144384 shares (of which 1144384 shares are not abstained by voting), accounting for 0.27% of the total number of valid voting shares.

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< p > < strong > 10, and passed the "motion on Amending the articles of association" < /strong > < /p >.

< p > agree to 429723546 shares, account for 99.56% of the total number of valid voting shares, oppose 757447 shares, account for 0.18% of the total number of valid voting shares, and abstain from 1144384 shares (of which 1144384 shares are not abstained by voting), accounting for 0.27% of the total number of valid voting shares.

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< p > < strong > three, legal opinions issued by lawyers < /strong > < /p >

< p > this shareholders' meeting was witnessed by the lawyer appointed by Beijing Tian Yin law firm, and witnesses were issued to believe that the convening and holding procedures of the shareholders' meeting, the qualification of attending the meeting and the voting procedure of the meeting were in conformity with the provisions of laws, regulations and articles of Association, and the resolutions made were legitimate and effective.

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< p > < strong > four, reference document < /strong > /p >

< p > 1, the company's second interim 2013 a href= "http://sjfzxm.com/news/index_cj.as" > shareholders' meeting < /a > resolution; < /p >

< p > 2, witness issued by Beijing Tian Yin law firm.

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