Subsidiary disposal of financial products

Subject: Subsidiary, FUTAIHUA INDUSTRY (SHENZHEN) CO., LTD.,announces disposal of financial products

Date of events: 2014/07/16

Contents:

1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):

The RMB financial products,the Bank of Shanghai "the winner" WG14103S

2.Volume, unit price, and total monetary amount of the transaction:

RMB 1,000,000,000

3.Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

The Bank Of Shanghai Shenzhen Branch ; None

4.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained): RMB4,746,575.34