De Cotton Shares: Acquisition And Integration Of Yongxing Technology

In October 7th evening announcement, the company signed a share pfer agreement with two shareholders of Beijing hehe Yongxing Technology Co., Ltd. (hereinafter referred to as "hehe Yongxing science and technology"), and Tang Hui signed a share pfer agreement. The company intends to purchase 100% yuan with the Yongxing technology 100% for 27 million yuan.

According to the briefing, hehe Yongxing science and technology is a company that is committed to paperless lottery business. It has been established by people with rich experience in the lottery industry. The company has signed a cooperation agreement with Baidu and Beijing lottery, and has established a strategic cooperation relationship.

The company has officially authorized the sale of Heilongjiang lottery tickets without paper, and has set up a ticket base in Heilongjiang. The base has 30 tickets machines.

At the end of 2014, the company will launch its own lottery website, mobile phone sales lottery client and O2O business platform. With the full spread of the company's business, the company's performance will be improved rapidly in the next few years.

Financial data show that compared with last year, Yongxing's technology performance has entered a growth stage this year.

As of July this year, the total assets of the target company amounted to 14 million 192 thousand and 600 yuan, with net assets of 10 million 11 thousand and 600 yuan, with a profit of 939 thousand and 400 yuan and a net profit of 109 thousand and 900 yuan.

The total assets assets in 2013 were 10 million 38 thousand and 900 yuan, net assets of 9 million 901 thousand and 600 yuan, revenue of 30 thousand yuan, and annual loss of 98 thousand yuan.

The company said that the domestic lottery industry has great potential in the market and development, and is in a period of pition, and there are many opportunities.

To foster a new profit growth point, the company has entered the lottery industry through the acquisition and integration of Yongxing. As an important part of the company's diversification strategy, the acquisition will help the company quickly enter the lottery area such as the mobile Internet and improve the overall profitability of the company.

*ST China Textile: Announcement on the reform of non tradable shares approved by the Ministry of Commerce

A share securities

: 600610 A share securities short: S*ST spinning number: pro 2014-063

B share code: 900906 B share securities short: *ST China spinning B

China Textile Machinery Limited by Share Ltd

Announcement on the reform of non tradable shares approved by the Ministry of Commerce

All members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the announcement, and are jointly and severally liable for false statements, misleading statements or major omissions of the announcement.

In July 3, 2014, the company held the first provisional shareholders' meeting in 2014 and the relevant shareholders' meeting on the reform of split share structure, and passed the reform plan of split share structure of China Textile Machinery Limited by Share Ltd.

The relevant provisions of the notice of the Ministry of Commerce and the securities and Futures Commission on the reform of the share splitting reform of listed companies involving foreign capital management are issued by [2005]565.

The company has recently received the document issued by the Ministry of Commerce on the approval of the pfer of shares of China Textile Machinery Limited by Share Ltd by the Ministry of Commerce ([2014]883).

The Commerce Commission's request for instructions on the implementation of the split share structure reform of the China Textile Machinery Limited by Share Ltd ([2014]2683) and related materials have been received as follows:

China's textile machinery Limited by Share Ltd (hereinafter referred to as the company) adopted the shareholding reform plan adopted by the relevant shareholders' meeting in July 3, 2014, and agreed that the company's non tradable shareholder dash Shen group limited gave the company free 100% stake in the limited company of environmental engineering in Xiamen, as part of the cost of all the non tradable shareholders to pay the share reform consideration. The capital surplus formed by the company's contribution to the above assets was pferred to all shareholders according to the proportion of 20 shares per 10 shares. After the capital capital was converted into equity capital, the large Shen group limited company delivered shares to the company's all A share circulation shareholders according to the proportion of 4 shares donated per 10 shares, and the public offering legal person shares did not pay the consideration, nor did they accept the consideration. First, according to

Two. After the share reform is completed, the total share capital of the company increased from 357 million 91 thousand and 535 shares to 1 billion 71 million 274 thousand and 605 shares, and the registered capital increased from 357 million 91 thousand and 535 yuan to 1 billion 71 million 274 thousand and 605 yuan RMB.

Among them: Dachen Group Co., Ltd. holds 276 million 912 thousand shares, accounting for 25.85% of the total capital stock; Nanjing Hongchang Asset Management Co., Ltd. holds 174 million 130 thousand and 605 shares, accounting for 16.25% of the total shares; Shanghai Qian Feng Cci Capital Ltd holds 84 million 840 thousand shares, accounting for 7.92% of the total share capital; 66 million 924 thousand other shares of the public offering legal person shares, 6.25% of the total share capital; 108 million 108 thousand shares of the public stock (A shares), accounting for 10.09% of the total share capital; and 108 million 108 thousand shares of domestic listed foreign shares (shares), accounting for the total share capital.

Three, the pfer of shares of the company shall be handled according to the regulations issued by the SFC, the SASAC, the Ministry of finance, the people's Bank of China and the Ministry of Commerce on the reform of the split share structure of listed companies and the regulations governing the split share structure of listed companies issued by the China Securities Regulatory Commission.

Four, the disposal of shareholders' equity and related matters should be handled according to the provisions on the relevant issues concerning the management of foreign capital in the reform of equity splitting of listed companies.

Five, the company's amended articles are submitted to our department for archival filing within ten days after the adoption of the general meeting of shareholders.

With this approval, the company handles the relevant procedures of split share structure reform.

Notice hereby.

China Textile Machinery Limited by Share Ltd

October 8, 2014