Shell Wright: Asset restructuring will be resumed no later than September 13

On September 1, Snow Wright (002076) temporarily suspended trading on the June 10, 2014, from 13:00 on June 10, 2014 due to major events. On June 11, 2014, the company published the Announcement on Suspension of Major Events (Announcement No.: 2014-017). After further understanding and verification, the plan was to purchase assets for the issuance of shares. After the company applied for, the company's shares will continue to be suspended from the market opening on June 17, 2014, and on June 17, 2014, the company will publish the purchase of shares. Notice of Suspension of Assets (Announcement No.: 2014-021).

On June 23, 2014, the company held the sixth meeting of the fourth board of directors, reviewed and approved the “Proposal on Planning the Issuance of Shares to Purchase Assets”, and agreed to the company's plan to issue shares to purchase assets. On June 24, July 1, and July 8, 2014, the company published the Announcement on the Progress of the Issuance of Shares to Purchase Assets (Announcement No.: 2014-023, 2014-027, 2014-030). On July 15, 2014, the company published the “Notice on Deferred Resumption and Progress of Issues Concerning the Issuance of Shares to Purchase Assets” (Announcement No.: 2014-031). On July 22, July 29, August 5, August 12, August 19, and August 26, 2014, the company published the Announcement on the Progress of the Issuance of Shares to Purchase Assets (Announcement No.: 2014 -032, 2014-034, 2014-035, 2014-036, 2014-037, 2014-041).

The company has hired independent financial consultants, legal consultants, auditing agencies and evaluation agencies. The parties concerned are taking the time to promote the due diligence, auditing, evaluation and profit forecasting audits involved in the purchase of assets. The work is progressing smoothly. In order to ensure the interests of all shareholders, the specific plan for issuing shares to purchase assets is still under discussion. The board of directors of the company will hold a meeting in time after the completion of the relevant work to review the relevant proposals for the issuance of assets for the issuance of shares.

According to the "Administrative Measures on Major Assets Restructuring of Listed Companies" and the relevant regulations of Shenzhen Stock Exchange, the company's stock will continue to be suspended (no later than September 13, 2014), and the issuance of shares will be issued every 5 trading days. Announcement of progress, there is still uncertainty in this matter, investors are advised to pay attention to investment risks.

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