Shanghai Daoqin Plastics Co., Ltd.

         Shenma corporation 10 month 11 day announcement, through corporation and 支付现金, 购买控股 shareholder China Shenma group has nylon chemical industry company 37.72%股权. meanwhile, company 拟募集配 sleeve/set 资金. 本次交 easy formed rear, upper company will nylon chemical industry company, 进一步拓展 company industry chain, combined nylon 66 salt and adipic acid, hexamethylenediamine and other product production and sales business. company toward upper 交 申请, company stock will 于10 month 14 day 复牌.

         Shenma corporation main/primary from nylon 66 industrial filament, 帘子布, sheet/slice and other product production and sales. its in nylon 66 industrial filament main applications 于轮胎帘子布 and other, nylon 66 帘子布 main applications semi 钢子午胎, in 斜交轮胎 upper main applications engineering machine 械轮胎 and machine and other specialty 轮胎方面.

         due to history causes, shareholder China Shenma group lower nylon 66 salt industry related assets can achieve overall upper 市, make Shenma corporation and shareholder and lower company nylon chemical industry company between in large 额关联交 easy. is 此, in 2010 year 5 month, China Shenma group 就承诺: Shenma corporation according to its business development need, Shenma corporation selection combined 适 时 machine has acquisition, toward increase or other methods, combined nylon chemical industry industry, 构建完整 nylon chemical industry industry chain.

        此 rear in 2014 year 11 month 19 day, Shenma corporation shareholder large 会审议 through 《 about/regarding specification company shareholder 承诺事项 议案》, China Shenma group 承诺: in future year inner solution nylon chemical industry company history issues, upper company 采取适当 methods, selection 适当时 machine formed for nylon chemical industry company acquisition. 2016 year 11 month 14 day, China Shenma group and heavy large assets heavy 组, through 股权委托 tube/pipe methods, will nylon chemical industry company upper company.

         Shenma corporation in announcement in table/sheet 示, in 此期间因 nylon chemical industry company in 锅炉排放不达标, and versus enterprise anti 火间距不足 and other 事项, heavy method 实施, make Shenma group method formed toward company nylon chemical industry assets 承诺. currently, 经各方共同努 force, upper issues already to solution, 本次交 easy 也 以继续进行.

         announcement 显示, 本次交 easy company nylon chemical industry company nylon 66 salt production capacity 位居亚洲第一, world 第四, tool has relatively strong/high competition advantages and can force.

         Shenma corporation table/sheet 示, through 本次交 easy has decrease/reduce 关联交 easy, maintain upper company assets property, 进一步 improve/increase upper company company water and 经营 独立 property. 本次交 easy formed rear, has upper company 构建完整 nylon chemical industry industry chain, combined group nylon chemical industry industry. introduction, 本次交 easy formed rear, Shenma corporation will formed is inner nylon 66 industry in tool 备规模化 production capacity and upper Raw Materials 一体化 enterprise, is inner nylon 66 salt and nylon 66 industrial filament market leading enterprise.

        不 Shenma corporation 也提示, high tube/pipe by 行政处罚 can can effect/influence 本次交 easy solution/scheme. announcement 显示, 2016 year 12 month, upper company to 河南证监局《行政处罚决定书》, for company long 王良(already 离任) to 予警告, 并处以5 10,000 yuan 罚款; for company general manager (现任 company general manager)段文亮, 时任财务总监赵运通(already 离职) to 予警告, separation 别处以3 10,000 yuan 罚款. 本次交 easy solution/scheme non development corporation or can 转债募集配 sleeve/set 资金, according to 《 upper company 证券发行 tube/pipe method 》 规定, 董事, high grade tube/pipe 理人员36 month inner to China 证监会 行政处罚, or 者12 month inner to 证券交 easy 公开谴责 不 non development stock.