Notice Of Huafang Textile On Progress Of Foreign Investment

　　 Negotiable securities Code: 600273 stock abbreviation: Huafang textile (4.95,0.00,0.00%) serial number: 2012-018

Huafang textile Limited by Share Ltd

Suggestive announcements on progress in foreign investment

All members of the company and the board of directors guarantee that there are no false statements, misleading statements or major omissions in the contents of the announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.

The company has recently received the approval document of the Anhui Supervision Bureau of the China Securities Regulatory Commission (Anhui Securities Regulatory Commission 2012 (168)) on Approving the change of the registered capital of Huaan securities limited liability company.

That is, the fifth session of the eighteen board of directors deliberated on the increase of "Huaan securities limited liability company 40 million shares" matters effective (for details, see the Shanghai stock exchange 2012-008, 009 announcement) its holdings price of 1.78 yuan / share, the amount of investment is 71 million 200 thousand yuan, after the equity interest is completed, the company holds a total of 60 million shares of Huaan securities limited liability company, accounting for the company. registered capital 2.12%.

Notice hereby.

Huafang textile Limited by Share Ltd July 17, 2012

Stock Code: 600273 securities short: Hua Fang textile Bulletin No.: 2012-019

Huafang textile Limited by Share Ltd on loan lawsuits

Suggestive announcement of court decision results

All members of the company and the board of directors guarantee that there are no false statements, misleading statements or major omissions in the contents of the announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.

About the plaintiff Huafang textile Limited by Share Ltd v. defendant Zhangjiagang Hua Tian Xin Mstar Technology Ltd, defendant Xiao Zhao Asia enterprise loan contract dispute case. For details of the lawsuit, please refer to the Shanghai stock exchange website (Hua Fang textile 2011-032 announcement).

The company has recently received the civil judgment of the Zhangjiagang people's court, (2011) No. 762nd of Zhang Shang Chu. According to the fifty-second articles (five), fifty-eighth articles of the Chinese name contract law of the Republic of China, and second provisions of the Supreme People's Court on the evidence of civil litigation, the following judgments are as follows:

The defendant, Zhangjiagang Hutian Mstar Technology Ltd, shall return the plaintiff's 12014291.74 yuan loan principal and the yield of 303426.13 yuan (as the plaintiff is a non-financial institution), so the plaintiff in the case does not claim to exceed the annual interest rate of 4% of the same period of the bank's loan, that is, the prosecution. interest rate 10% the amount calculated is 758565.32 yuan * 0.4. Within 10 days after the judgment is effective.

Two, dismiss the plaintiff Huafang textile Limited by Share Ltd's other litigant claims.

If the obligation of paying money is not fulfilled according to the period specified in this judgment, the debt interest of the period of delay in performance shall be doubled according to the 229th provision of the Civil Procedure Law of the people's Republic of China.

The acceptance fee is 98588 yuan, the property preservation fee is 5000 yuan, the total amount of 103588 yuan is 6343 yuan borne by the plaintiff, and the defendant is 97245 yuan. The defendant pays part of the defendant's direct payment to the plaintiff in fulfilling this judgment.

If he is not satisfied with this judgment, he may submit his petition to the court within fifteen days from the date of the judgment, and submit a copy according to the number of the other party, and appeal to the intermediate people's Court of Suzhou, Jiangsu.

Notice hereby.

hfang Spin Limited company

July 17, 2012