Shenzhen Textile 2010 Annual General Meeting Resolution 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.

Special note: no proposal has been added, rejected or changed during the meeting.

I. the convening of the conference

1, meeting time: December 23, 2010 (Thursday) 9:30 am

2. Venue: conference hall, six floor, Shenzhen textile tower, 3 Huaqiang North Road, Futian District, Shenzhen.

3, the convening method: on-site voting.

4. Convenor: Board of directors of the company

5. Host: Chairman Wang Bin

6. The convening of the meeting is in conformity with the provisions of the company law, the articles of association and the rules of procedure of the shareholders' meeting.

Two. Attendance at the conference

1. The general situation of attendance:

The shareholders (agents) attending the meeting represent 8 shares representing 215674048 shares, accounting for 64.09% of the total number of voting shares.

2. A shareholders' attendance:

The A shareholders (agents) attending the meeting were 5 representatives, representing 215470598 shares, accounting for 64.03% of the total number of A shares of the company's voting shares.

3. B Shareholders' attendance:

The B-share shareholders (agents) who attended the meeting represented 3 shares representing 203450 shares, accounting for 0.06% of the total number of B-share shares of the company's voting shares.

Three. Proposals for deliberation and voting.

The meeting voted on the spot by ballot and passed the following motion:

(1) the motion on Amending the articles of Association (see 2010-47 notice December 7, 2010).

Voting situation: agreed 215674048 shares (B shares, 203450 shares), accounting for 100% of the total number of voting shares at the meeting; objected to 0 shares; and abstained 0 shares.

Voting result: the bill passed.

(two) motion on recommending candidates for directors.

The meeting was elected to the East and Xu Shiying to add new directors to the Fifth Board of directors of the company. The results of the specific voting are as follows:

1, eastward:

215674048 shares (B shares, 203450 shares) were agreed to, accounting for 100% of the total number of voting shares at the meeting; 0 shares were opposed and 0 shares were waiver.

2, Xu Shiying:

215674048 shares (B shares, 203450 shares) were agreed to, accounting for 100% of the total number of voting shares at the meeting; 0 shares were opposed and 0 shares were waiver.

The above motion and the articles of association are detailed in the company's designated information disclosure website www.cninfo.com.cn.

Four. Legal advice from lawyers

(1) the name of the law firm: Beijing Tianduo (Guangzhou) law firm

(two) lawyer's name: Chen Haoxiang lawyer and Li Pengbo lawyer.

(three) concluding observations:

1. The convening and convening procedures of this provisional shareholders' meeting comply with the relevant laws and regulations of the company law and the rules of shareholders' meeting and the provisions of the articles of association.

2, the qualification to attend this provisional shareholders' meeting is in conformity with the relevant laws and regulations of the company law and the rules of shareholders' meeting and the provisions of the articles of association.

3, the qualification of convener of this provisional shareholders' meeting is in conformity with the relevant laws and regulations of the company law and the rules of shareholders' meeting and the provisions of the articles of association.

4. The motion discussed at the provisional shareholders' meeting coincide with the notice of the meeting, which is in conformity with the relevant laws and regulations of the company law and the rules of shareholders' meeting and the provisions of the articles of association.

5. The voting procedures and voting results of this provisional shareholders' meeting are consistent with the relevant laws and regulations of the company law and the rules of shareholders' meeting and the provisions of the articles of association.

In summary, lawyers believe that the convening and holding procedures of the provisional shareholders' meeting, the qualification of the attendees, the voting procedures and the results are in line with the existing laws and regulations and the provisions of the articles of association, and the resolutions formed are lawful and effective.

Five. Reference documents

1.

2. Beijing Tianduo (Guangzhou) law firm "testimony on the provisional shareholders meeting of Shenzhen textile (Group) Limited by Share Ltd 2010".

Shenzhen textile (Group) Limited by Share Ltd

Board of directors

December 24th, two