Jiangsu Lufa Issued A Notice Of Controlling Shareholder'S Share Pledge Repurchase Paction.

Securities code: 002394 securities short: joint stock Announcement No.: LF2015-002

Founded in 1955, Jiangsu lufa textile Limited by Share Ltd (SZ:002394) has developed into a set of spun yarns after nearly 60 years of development.

Clothing, printing and dyeing, thermoelectricity, trade, brand as one of the large high-tech enterprises.

Jiangsu Luen Fat textile Limited by Share Ltd (hereinafter referred to as "the company") received a letter from the Jiangsu controlling group shareholder of the unitedgroup Limited by Share Ltd in March 31, 2015 (hereinafter referred to as the "United Group"): the group will pledge 36000000 shares of the company's unlimited sale conditions (11.12% of the total share capital) to Ping An Securities Limited liability company (hereinafter referred to as Ping An Securities) for handling.

The repo business will be financed and the shares frozen during the period of pledge will not be pferred.

The initial trading date of this paction is March 30, 2015, and the repurchase date is March 29, 2017.

The pledge was completed in March 30, 2015 at the China Securities Depository and Clearing Co., Ltd. Shenzhen branch.

The group holds 130934100 shares of the company, all of which are tradable shares with unlimited sale conditions, accounting for 40.45% of the total share capital of the company. As of the announcement date, 75900000 shares of the group of Pledged Shares of the group, accounting for 23.45% of the total share capital of the company.

All members of the company and the board of directors shall issue this notice in order to ensure the authenticity, accuracy and completeness of the announcement, without false records, misleading statements or major omissions.