*ST China Textile: Progress Notice On Equity Pfer

A share code: 600610 A shares short: S*ST spinning number: pro 2014-067

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

China Textile Machinery Limited by Share Ltd

Progress announcement on equity pfer

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.

Under the auspices of the Supreme People's court, the dispute over the pfer of shares between the two major shareholders of China Textile Machinery Limited by Share Ltd (hereinafter referred to as "the company or company") has reached a conciliation in August 26, 2013 with the Jiangsu Nan Teng hi tech Venture Investment Co., Ltd. and signed the "mediation agreement". The Supreme People's Court issued the "civil mediation letter" in August 27, 2013 to confirm the "mediation agreement".

In accordance with the framework of the mediation agreement, the parties have negotiated the company's share pfer, asset reorganization and split share structure reform plan. At the same time, it actively promoted the plan based on the mediation agreement.

。

Recently, the company received the "executive ruling" issued by the second intermediate people's Court of Shanghai. It applied for the implementation of the National People's Congress group limited, Nanjing Hongchang Asset Management Co., Ltd., and Shanghai Qian Feng Cci Capital Ltd. It requested that the Pacific Electrical and mechanical (Group) Limited company hold the relevant shares of the company to its name.

The court of the second intermediate people's Court of Shanghai was put on record in October 27, 2014.

According to the needs of the case and in accordance with the application of the parties, the following provisions are stipulated in the 154th paragraph (eleven) and 252nd of the Civil Procedure Law of the people's Republic of China.

1. Transfer the 30 million 600 thousand shares of S*ST spinning China Pacific Electric and mechanical (Group) Co., Ltd. to the dshen Group Co., Ltd. and pfer the agreement.

It is 1.64 yuan per share.

Two, pfer the 58 million 43 thousand and 535 shares of S*ST spinning China Pacific Electric and mechanical (Group) Co., Ltd. to Nanjing Hongchang Asset Management Co., Ltd., and the pfer price is RMB 1.64 yuan per share.

Three, pfer the 28 million 280 thousand shares of S*ST spinning China Pacific Electric and mechanical (Group) Co., Ltd. to Shanghai Qian Feng Cci Capital Ltd. The price of the agreement is 1.64 yuan per share.

The ruling is legally binding upon service.

In October 29, 2014, the second intermediate people's Court of Shanghai has sealed up the 116 million 923 thousand and 535 shares of the company under the name of Pacific Electric and mechanical (Group) Co., Ltd.

Recently, the second intermediate court of Shanghai intends to pfer the 116 million 923 thousand and 535 shares of the company's shares (32.74% of the total share capital) under the name of the above-mentioned applicants.

(see the company's 2013-032, 2014-011, 036, 060, 061 announcements and related announcements June 12, 2014) about the company's pfer progress.

There are still uncertainties in the pfer of shares.

The majority of investors invest rationally and pay attention to investment risks.

The progress of related matters will be disclosed in a timely manner.

This is hereby announced.

China Textile Machinery Limited by Share Ltd

October 30, 2014