Joint Venture Shares (002394) Annual:2018 Rights Allocation Announcement

Jiangsu Unicom's annual Limited by Share Ltd rights and interests allocation announcement 2018

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.

The annual rights and interests allocation scheme of Jiangsu Lian FA textile Limited by Share Ltd in 2018 has been examined and approved by the annual general meeting of shareholders in May 13, 2019. The distribution of rights and interests is hereby announced as follows:

First, the shareholders' meeting deliberated on the profit distribution plan.

The annual rights and interests allocation scheme of Jiangsu Lian FA textile Limited by Share Ltd (hereinafter referred to as "the company") in 2018 has been considered and approved by the annual general meeting of shareholders held in May 13, 2019 in May 13, 2019. The resolution of shareholders' meeting was published in the May 13, 2019 securities times and www.cninfo.com.cn.

Explain:

1. The total share capital of the company has not changed during the period from the disclosure of the self allocation scheme to the implementation period.

2, the implementation of the allocation plan is consistent with the distribution plan approved by the annual general meeting of shareholders in 2018.

3, the implementation of the allocation scheme is not more than two months from the shareholders' meeting.

Two. Equity allocation scheme

Shareholders of every 10 shares send 3 yuan in cash (including tax, after deducting tax), QFII, RQFII, and the holding of the pre sale restricted stock of the individual and the securities investment fund 2.700000 yuan per 10 shares; after the initial sale of restricted stock, the stock incentive limited sale stock and the unlimited sale of the shares, the dividend tax is subject to a differential tax rate. The company withholds the personal income tax temporarily. When the individual pfers the stock, the tax payable shall be calculated according to the duration of its shareholding. Note that the red interest tax on the securities investment fund holding the initial restricted stock, equity incentive restricted stock and the unlimited sale of circulating stocks shall be levied on 10% of the fund shares held by Hongkong investors, and the differential tax rate shall be imposed on the mainland investors holding part of the fund shares. The company's annual equity allocation scheme in 2018 is based on the total share capital of 336648000 shares of the company as the base.

Note: according to the principle of first in first out, the duration of stock holding is calculated on the basis of investor's securities account. Within 1 months (including 1 months), every 10 shares are paid 0.600000 yuan in tax, and 10 shares are held for more than 1 months to 1 years (including 1 years).

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Three, the date of registration and the ex dividend date.

The date of registration is: May 27, 2019, the ex dividend date is: May 28, 2019.

Four. Rights and interests assigned objects

The assignment is: as of the end of the afternoon of May 27, 2019, after the closing of the Shenzhen stock exchange, all shareholders of the company will be registered in the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as "China settlement Shenzhen branch").

Five. Equity allocation method

1, the cash dividends of the A shareholders of the company entrusted to the Shenzhen branch of the China Clearing Company will be directly allocated to its capital account in May 28, 2019 by the shareholder trustee securities company (or other trusteeship institution).

2. The cash dividends of the following A shareholders shall be distributed by the company itself:

During the period of application for distribution of rights and interests (application date: May 20, 2019 to the date of stock registration: May 27, 2019), if the cash dividends from the Shenzhen branch of the Chinese settlement company are insufficient due to the decrease of the shares in the securities account of the shareholders, all legal liabilities and consequences shall be borne by the company itself.

Six. Advisory bodies

Address: Secretary of the board of directors, No. 88 Heng Lian Road, Chengdong Town, Haian County, Jiangsu Province

Advisory Contact: Pan Zhigang

Telephone: 0513-88869069

Fax: 0513-88869069

Seven. Reference documents

1. the registration company confirms the specific time schedule for dividend payment and capital increase.

2. the board of directors deliberated on the resolution of profit distribution and capital reserve fund's conversion to capital stock.

3. the general meeting of shareholders will deliberate on the resolution of the adoption of profit distribution and capital reserve fund for capital increase.

Notice hereby.

Board of directors of Jiangsu Luen Fat textile Limited by Share Ltd

Two May 21st 19