Subsidiary obtaining of financial products

Subject: Subsidiary,Hon Xun Electrical Industry (Hangzhou)CO.,LTD.,

announces obtaining of financial products

Date of events: 2014/07/11

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):

Agricultural Bank of China, "Hui Li Feng" 2014 Section RMB Financial Products

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

RMB 100,000,000

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):

AGRICULTURAL BANK OF CHINA XIASHA BRANCH;None

4. Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g. pledges):RMB100,000,000