China Textile Investment: Major Asset Restructuring Progress Announcement

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.

In July 21, 2014, the company issued the announcement on the suspension of major asset restructuring of China Textile investment and development Limited by Share Ltd, 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, Assets The restructuring and auditing work 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.

Because the relevant procedures are still in progress. Matter There is still uncertainty. In order to 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 period of stock suspension, and release the progress of related matters every five trading days.

Notice hereby.

China Textile investment and development Limited by Share Ltd

Board of directors

October 14, 2014

　 Jilin chemical fiber: profitability before the three quarter, one hundred million

Jilin chemical fiber released the three quarter earnings forecast in the evening of October 14th, saying that the net profit attributable to shareholders of Listed Companies in the first three quarters is 95 million yuan -10500 million, a net loss of 176 million 680 thousand yuan in the same period last year, and a basic earnings per share of 0.2512 yuan to 0.2776 yuan, compared with -0.4671 yuan in the same period last year.

　　 Notice The main reason for the expected earnings of operating performance is the impact of the increase in investment income on the shares of the subsidiaries sold.

In March 7, 2014, Jilin chemical fiber was transferred to Jilin railway investment and Development Co., Ltd. by 50.33% of the 98.645% stake of Hebei Jilin Chemical Fiber Co., Ltd. and Hunan Tupu bamboo fiber Industrial Development Co., Ltd. in March 29, 2014. Hebei Jilin and Hunan Tupu company handled the business license change procedures in March 29, 2014 and March 27th respectively, and disposed of subsidiaries for investment income of 160347954.07 yuan.

　 Tianshan Textile: performance forecast for the first three quarters of 2014

Tianshan textile (000813) October 14th announcement, Tianshan textile expects the first three quarters of 2014, attributable to shareholders of listed companies net profit of about 35 million yuan -4500 million.

　　 Tianhong Textile: material profits fell significantly throughout the year

Tianhong textile surplus police expects the group's earnings as of the end of December 31, 2014 will be significantly lower than last year.

The decline in profits was mainly due to the sale of yarn sold in the Chinese market in the 9 months ended September 30th. The price of the yarn dropped somewhat compared with that of last year. Since the depreciation of the RMB against the US dollar, the exchange losses were recorded in the 9 months of September 30th, while last year it recorded a remittance gain of about 80 million coins; and last year, it bought a company's interests and recorded a one-time income of about 265 million yuan, and this year there was no relevant income.

Despite the pressure on the market, the group's yarn sales remain strong. The sales volume of the group in 2014 September is about 45 thousand tons per month.