Nanjing Chemical Fiber Major Asset Restructuring Progress Announcement

The board of directors of the company and all the Directors ensure that there is no false record, misleading statement or major omission in the contents of the notice. content The authenticity, accuracy and completeness bear individual and joint liabilities.

The third meeting of the eighth board of directors and the sixth meeting of the eighth board of directors of the company considered and approved the sale of major assets of the company, and agreed that the company could transfer the 70% equity interest of Nanjing Jinling Real Estate Development Co., Ltd. (hereinafter referred to as "Jinling land") through the publicly listing of state-owned property rights.

From 09 to 17 2014, the company held 70% stake in Jinling real estate and 30% stake in Jinling real estate in Nanjing Huafang Real Estate Development Co., Ltd., which was publicly listed on the Nanjing property rights trading center. The reference price for the listing of the 70% stake in Jinling real estate is RMB 842 million 231 thousand and 100 yuan. The reference price of the transfer has been put on record by the Nanjing municipal SASAC. The reference price of the combined listing of Jinling real estate shares between the company and Nanjing Huafang Real Estate Development Co., Ltd. is RMB 1 billion 203 million 187 thousand and 300 yuan.

In October 20, 2014, the company received the letter of the Nanjing property rights trading center about the application of the property rights transaction project transferee. (No. 2014159): my center accepted your company's Commission and issued the NC2014014 information from Nanjing September 17, 2014 Jinling Real Estate Development Co., Ltd. 70% from September 17, 2014 to October 17, 2014. It is not intended to register with the transferee within the specified time limit.

The board of directors of the company will meet in the near future to consider the disposition of 70% stake in Jinling real estate. The company will fulfill the obligation of information disclosure in accordance with the progress and related requirements.

　　 Notice hereby 。

Nanjing chemical fiber Limited by Share Ltd board of directors

October 21, 2014

　　 Yizheng chemical fiber The restructuring and financing plan was approved by the SASAC.

Yizheng chemical fiber announced that the company's actual controller Sinopec Group received the approval of the SASAC on Sinopec (600028) Yizheng chemical fiber Limited by Share Ltd asset restructuring and related financing issues on the 17 th of this month. The main content of the reply is the principle of approving the overall plan of the company's asset restructuring and supporting financing.

The company also said that after the completion of the asset restructuring and supporting financing scheme, the total share capital of the company does not exceed 15 billion 108 million shares, of which Sinopec Group holds about 9 billion 224 million shares, representing a ratio of less than 61.06% of the total share capital.

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China Textile shares: free transfer of shares held by state-owned shareholders.

In October 20th evening announcement of Hua Fang shares, the company received the notice from the first largest shareholder of Shandong Binzhou printing and dyeing Refco Group Ltd in October 17th. It received the notice of the Binzhou SASAC [micro-blog] transferred to Shandong SASAC about the transfer of the shares held by the state-owned shareholders of the China spinning and weaving company, and the approval of the State Council SASAC on the issue of free transfer of shares held by the state-owned shareholders of Huafang, and approved by the SASAC of the State Council, agreed to transfer the 87 million 651 thousand and 441 shares of the China Textile shares to the Binzhou state owned Assets Management Limited company.

After the completion of the share transfer, binyin group no longer holds shares of China Textile shares, and Binzhou state owned company holds 87 million 651 thousand and 441 shares of the company, accounting for 20.75% of the total share capital of the company. Binzhou state owned company has become the largest shareholder of the company, and the company's ultimate controller is still the Binzhou municipal SASAC.