Chunhui Shares: Planning Major Asset Reorganization 8 Days Suspension

Chunhui shares announced on the evening of October 7th, the company is planning a major asset reorganization matters, because of the uncertainty of the relevant matters. After application, the company's securities began to stop trading since October 8, 2014.

In addition, in September 29th, the company received a written letter from Kaiping industrial asset management company "letter of agreement on the transfer of 12.61% shares of Chunhui shares". The letter said that in September 26th, the Kaiping industrial material company, Kaiping Industrial Industrial Development Company and Guangzhou Hongfeng Industrial Limited authorized the management of industrial assets, signed the "equity transfer agreement". The share shares involved in the share transfer were 73 million 943 thousand and 880 shares of Chunhui shares, which accounted for 12.61% of the total share capital of Chunhui, which were 41 million 400 thousand shares of Chunhui shares, accounting for 7.06% of the total share capital of Chunhui group, and the holding company holding 32 million 543 thousand and 880 shares of Chunhui shares, accounting for 5.55% of the total share capital of Chunhui group.

After the completion of the equity transfer, the Kaiping asset management committee authorized the total number of Chunhui shares owned by industrial assets to be 1885320 shares (of which the material companies no longer hold Chunhui shares, the development company holds 1056120 shares of Chunhui shares, Kaiping decoration engineering company holds Chunhui 255500 shares, Kaiping industrial assets management company holds Chunhui 573700 shares), accounts for 0.32% of Chunhui shares, and Guangzhou Hongfeng Industrial Co., Ltd. will hold Chunhui shares of 73943880 shares, accounting for 12.61% of the total number of Chunhui shares.

　　 Hung Feng The industrial controlling shareholder is Jiang Feng Kang. Chunhui shareholder Guangzhou Honghui Investment Co., Ltd. (Honghui investment) holds 71290632 shares of Chunhui shares, accounting for 12.15% of the total share capital of the company. The real controller of Honghui investment is Jiang Feng Kang and Jiang Feng Kang are brothers. Honghui investment and Hongfeng Industry are acting in concert. Jiang Feng Chan and Jiang Feng Kai jointly become the actual controllers of Chunhui shares. After the completion of the equity transfer, the controlling shareholders and actual controllers of Chunhui share will change.

China Textile Investment: major asset restructuring progress announcement

Securities code: 600061 securities abbreviation: China Textile investment Bulletin No.: pro 2014-026

China Textile investment and development Limited by Share Ltd

Progress announcement on major asset reorganization

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

book company In July 21, 2014, the announcement of "major asset restructuring and suspension of China Textile investment and development Limited by Share Ltd" was released in July 21, 2014, announcements that State Development Investment Corp is planning a major asset reorganization event involving the company, and the company's stock has been suspended for 30 days since July 22, 2014. In August 19, 2014 and September 17, 2014, the company issued separately the announcement on the progress of major asset restructuring and the continued suspension of stocks of China Textile investment and development Limited by Share Ltd. After application, the company's stock continued to stop trading for more than 30 days from September 20, 2014.

As of the date of this announcement, the audit and evaluation work on the major asset reorganization has basically ended. The reorganization plan has been preliminarily completed and needs to be further refined, revised and perfected. The State Development Investment Corp is continuing to study and improve the major asset reorganization plan with the parties concerned. The specific content of the reorganization plan is based on the plan considered and announced by the board of directors of the company.

As the relevant procedures are still in progress, uncertainties still exist in the relevant matters. In order to earnestly safeguard the interests of investors, the company will carry out the obligation of information disclosure in a timely manner in accordance with the progress of major asset reorganization during the suspension period of stocks, and release the progress of relevant matters every five trading days.

hereby Notice 。

China Textile investment and development board of directors of Limited by Share Ltd

September 30, 2014