Shijiazhuang Changshan Textile Limited By Share Ltd Major Asset Restructuring Progress Announcement

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.

Shijiazhuang Changshan textile Limited by Share Ltd (hereinafter referred to as "company") has been suspended since June 26, 2014 because of major issues.

After the company's research confirmed that the matter constitutes a major asset reorganization, the company's stock has continued to suspend business on major asset reorganization issues since its opening in July 10, 2014, and the announcement on the progress of major asset reorganization in July 17th, July 24th and July 31st.

After the company's application and approval by the Shenzhen Stock Exchange [micro-blog], the company issued the announcement on the suspension of the application for the renewal of the suspension period in August 7, 2014, and announced the basic situation of the major asset reorganization. In August 14th, August 21st, August 28th, September 4th, September 12th, September 12th, and 2014 issued the announcement on the progress of major asset reorganization, and issued the announcement of "issuing shares to buy assets and raising matching funds and related party pactions".

On the date of this announcement, the audit and evaluation of the underlying assets involved in the reorganization have been basically completed. After the relevant documents and evaluation results are obtained from the authorized state asset management department, the company will hold the second board of directors of this major asset reorganization.

Recently, the media reported the related financial data disclosed by the company's pre announcement announcement. At present, the company is communicating and verifying with the underlying assets, and it will be announced after the completion of the relevant verification work.

During this period, the company will pay close attention to the progress of this major asset reorganization and actively fulfill its obligation to disclose information. At least every thirty days, it will issue a notice on progress of related matters.

The information released is based on the notice published in the specified information disclosure media.

There is still uncertainty in the matter of major asset reorganization.

Investors pay attention to investment risk.

This is hereby announced.

Shijiazhuang Changshan textile Limited by Share Ltd board of directors

October 29, 2014