Jiangsu Xinmin Textile Polytron Technologies Inc Initial Public Offerings And Equity

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

Special note:

New people in Jiangsu Spin Polytron Technologies Inc (hereinafter referred to as "company", "our company", "Xinmin Technology (6.08,0.00, 0%)") has a circulation of 124141002 shares, and the date of circulation is May 20, 2014.

I. initial public offerings and equity

After approval by the Securities Regulatory Commission of China Securities Regulatory Commission [micro-blog] [2007]60, the company publicly issued 28 million shares of RMB ordinary shares (A shares) to the society and traded on the "micro-blog] small and medium board in the Shenzhen Stock Exchange in April 18, 2007. The total share capital of the company was 108 million 787 thousand shares after the first public issue.

In May 19, 2008, the company implemented the plan of profit distribution and capital reserve capital conversion in 2007, and spanferred 4 shares to every shareholder in every 10 shares. The total share capital increased from 108 million 787 thousand shares to 152 million 301 thousand and 800 shares after the equity capital was increased.

In June 22, 2009, the company implemented the plan of profit distribution and capital reserve capital conversion in 2008, and spanferred 2 shares to every shareholder in every 10 shares. The total share capital increased from 152 million 301 thousand and 800 shares to 182 million 762 thousand and 160 shares after the equity capital was increased.

In May 5, 2010, the company implemented the plan of profit distribution and capital reserve capital conversion in 2009, and spanferred 6 shares to every shareholder in every 10 shares. The total share capital increased from 182 million 762 thousand and 160 shares to 292 million 419 thousand and 456 shares after the equity capital was increased.

In July 9, 2010, the company issued 79629629 shares of common stock (A shares) to 6 specific investors in the form of non-public offering of shares. The total share capital increased from 292 million 419 thousand and 456 shares to 372 million 49 thousand and 85 shares.

In August 10, 2011, the company implemented the plan of profit distribution and capital reserve capital conversion in 2010, and spanferred 2 shares to every shareholder in every 10 shares. The total share capital increased from 372 million 49 thousand and 85 shares to 446 million 458 thousand and 902 shares after the equity capital was increased.

As of the date of this announcement, the total share capital of the company is 446458902 shares, and the restricted shares are 145530650 shares, accounting for 32.60% of the total share capital of the company. Among them, Wujiang Xinmin Industrial Investment Co., Ltd. (hereinafter referred to as "Xinmin Industrial") holds 124141002 shares.

Two, the application to lift shares, restricted shareholders to fulfill their commitments

All shareholders and actual controllers before the initial public offering of the company, Mr. Lyubit, promise not to spanfer or entrust others to manage the shares held by the company within thirty-six months from the date of the listing of the company's shares, nor to repurchase the shares held by the company.

As of the date of promulgation of this announcement, Xinmin industries, the shareholder of this application to terminate the sale of shares, has strictly fulfilled the above commitments, and there is no case of non operational appropriation of listed companies' funds.

As of the date of the announcement, Xinmin technology has been issuing initial public offerings for more than thirty-six months. Xinmin industries holds the restricted shares of the company. According to its commitment at the time of issuing the company, the lock up period is full.

Three. The listing and distribution of the restricted shares.

1, the release of restricted shares is available for circulation in May 20, 2014.

2, the lifting of the number of restricted shares is 124141002 shares, accounting for 27.8057% of the total share capital of the company.

3, the 1 shareholders of this application to terminate the sale of shares are Xinmin industries.

4, the lifting of shares and restricted sale and listing are as follows

Unit: stock

Serial number

Full name of shareholders

Total number of restricted shares

The lifting of the number of restricted sales

One

Wujiang Xinmin Industrial Investment Co., Ltd.

One hundred and twenty-four million one hundred and forty-one thousand and two

One hundred and twenty-four million one hundred and forty-one thousand and two

Total

One hundred and twenty-four million one hundred and forty-one thousand and two

One hundred and twenty-four million one hundred and forty-one thousand and two

And senior management commitment: within twelve months from the date of the listing of the company's stock, the company shall not assign or entrust others to manage the shares held by the company indirectly, and undertake to declare to the company the shares held by the company indirectly and their changes. During the term of office of the company, the shares spanferred annually shall not exceed twenty-five percent of the total shares held by the company indirectly; the shares held by the company indirectly shall not be spanferred within half a year after leaving the office; after the listing of Xinmin technology stock, the above-mentioned persons promise: the proportion of the total number of shares sold by the company in the twelve months after its departure from the stock exchange and the total number of shares held by the company, including the limited sale conditions and the unlimited sale conditions, shall not exceed 50%. 5. When Xinmin technology first issues public offerings, its directors and supervisors indirectly hold the company's shares through holding shares of Xinmin industries of our shareholders. Within half a year after leaving office, the shares held by the company shall not be spanferred.

The board of directors of the company promises to supervise the above personnel strictly abide by their commitments in the sale of shares, and to disclose the fulfillment of commitments by shareholders in regular reports.

Four. Counsel's legal advice:

Anhui Chengyi law firm issued a legal opinion on the issue of the issue of shares issued before the first public offering of Xinmin technology. For details, see the May 19, 2014 www.cninfo.com.cn.

Five. Reference documents

1. Application for listing of restricted shares;

2. The application form for the listing of restricted shares;

3, the stock structure table and the restricted stock list.

4. Lawyer's legal opinion.

Notice hereby.

　　 Jiangsu Xinmin textile Polytron Technologies Inc

Board of directors

Two May 19th 14