苏威孚B(200581)公告正文

苏威孚B:2013年第三季度报告正文(英文版)

公告日期:2013-10-24

    Stock Code: 000581, 200581                                                                 Notice No.: 2013-023Short Form of the Stock: Weifu High-Tech, Su Weifu-B
         WEIFU HIGH-TECHNOLOGY GROUP CO., LTD.
            THE THIRD QUARTERLY REPORT 2013(Text)
                                      Section I. Important NotesBoard of Directors and the Supervisory Committee of Weifu High-Technology Group Co., Ltd. (hereinafterreferred to as the Company) and its directors, supervisors and senior executives hereby confirm that there are noany fictitious statements, misleading statements, or important omissions carried in this report, and shall take allresponsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.All directors of the Company are attended the Meeting for quarterly report deliberation.Chen Xuejun, Principal of the Company; Ou Jinbin, Person in Charge of Accounting Work; Ou Jianbin, Person inCharge of Accounting Organization (Accounting Officer) hereby confirm that the Financial Report of the ThirdQuarterly Report is authentic, accurate and complete.
                                                                            无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
        Section II. Main accounting data and changes of shareholdersI. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accountingerror correction or not
    □Yes   √ No
                                                    Current period-end            Period-end of last year             Increase/decrease (%)
    Total assets(RMB)                                       12,794,726,345.80                 11,055,973,932.34                               15.73%Net assets attributable to shareholders
                                                          9,321,346,673.32                  8,655,980,755.24                                 7.69%of listed company (RMB)
                                                                                                                            Increase/decrease in
                                                                            Increase/decrease in
                                                                                                                             comparison with
                                                                             comparison with        Year-begin to end
                                                    Current period                                                             year-begin to
                                                                            same period of last       of the Period
                                                                                                                         Period-end of last year
                                                                                 year (%)
                                                                                                                                    (%)
    Operating revenue (RMB)                               1,351,928,410.89                    29.81%     4,230,893,417.07                     15.47%Net profit attributable to shareholders of
                                                        270,275,167.36                    66.13%       802,229,001.58                     31.74%the listed company (RMB)Net profit attributable to shareholders of
    the listed company after deducting                      259,688,583.05                    75.87%       769,781,137.28                     30.12%non-recurring gains and losses(RMB)Net cash flow arising from operating
                                                          --                         --                544,425,265.95                     -43.06%activities(RMB)
    Basic earnings per share (RMB/Share)                                 0.26                 62.5%                   0.79                    27.42%
    Diluted earnings per share (RMB/Share)                               0.26                 62.5%                   0.79                    27.42%
    Weighted average ROE (%)                                        2.94%                     0.98%                 8.89%                        0.81%Items and amount of extraordinary profit (gains)/losses
    √Applicable      □Not applicable
                                                                                                                                   In RMB
                                                                                                   Amount from year-begin
                                             Item                                                                                     Note
                                                                                                     to end of the PeriodGains/losses from the disposal of non-current asset (including the write-off that
                                                                                                               3,305,153.27accrued for impairment of assets)Governmental subsidy reckoned into current gains/losses (not including the subsidy
    enjoyed in quota or ration according to national standards, which are closely relevant                         1,119,233.00to enterprise’s business)
                                                                     无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
    Gains/losses from entrusted investment or assets management                                           35,116,639.83
    Other non-operating income and expenditure except for the aforementioned items                           759,062.64
    Less: impact on income tax                                                                             6,503,802.84
    Impact on minority shareholders’ equity (post-tax)                                                    1,348,421.60
    Total                                                                                                 32,447,864.30              --Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
    □ Applicable    √ Not applicableII. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
                                                                                                                                  In Share
    Total shareholders at period-end                                                                                                      36,522
                                                  Shares-held of top ten shareholders
                                                                                                                      Number of share
                                                                    Proportion                      Amount of
                                                       Nature of                  Amount of                            pledged/frozen
                   Shareholders                                     of shares                     restricted shares
                                                      shareholder                 shares held                         State of
                                                                    held (%)                            held                      Amount
                                                                                                                       share
    WUXI INDUSTRY DEVELOPMENT GROUP                       State-owned
                                                                           20%     204,059,398        118,967,998
    CO., LTD.                                             corporate
                                                      Foreign
    ROBERT BOSCH GMBH                                                          14%     142,841,400        115,260,600
                                                      corporateChina Construction Bank-Fullgoal Tianbo
    Innovation Theme Stock Securities Investment          Other               2.23%     22,800,000FundBBH BOS S/A FIDELITY FD - CHINA FOCUS Foreign
                                                                          1.58%      16,111,179
    FD                                                    corporateBank of Communications – Fullgoal Tianyi Value
                                                      Other               1.32%     13,445,322Securities Investment FundNew China Life Insurance Co., Ltd. –
    Dividend—Individual dividend -018L-FH002             Other               1.11%     11,287,656ShenCCB—Yinhua Core Value Selected Securities
                                                      Other               1.08%      11,026,311Investment FundABC—Changsheng Tongde Theme Growth Stock
                                                      Other               1.08%     11,000,969Securities Investment Fund
                                                                    无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文China Merchants Bank Co., Ltd. –Fullgoal Tianhe
                                                    Other             0.99%        10,145,640Stable Selected Securities Investment FundZhongrong International Trust Co., Ltd. – Huixin
                                                    Other             0.88%          9,010,368No.1 Securities Investment Sheet—trust capital
                                  Particular about top ten shareholders with un-restrict shares held
                                                                        Amount of un-restrict                Type of shares
                             Shareholders
                                                                              shares held                 Type           Amount
                                                                                                 RMB common
    WUXI INDUSTRY DEVELOPMENT GROUP CO., LTD.                                           85,091,400                                85,091,400
                                                                                                 shares
                                                                                                 Domestically
    ROBERT BOSCH GMBH                                                                   27,580,800 listed foreign                 27,580,800
                                                                                                 shares
    China Construction Bank-Fullgoal Tianbo Innovation Theme Stock                                  RMB common
                                                                                    22,800,000                                22,800,000
    Securities Investment Fund                                                                       shares
                                                                                                 Domestically
    BBH BOS S/A FIDELITY FD - CHINA FOCUS FD                                            16,111,179 listed foreign                 16,111,179
                                                                                                 shares
    Bank of Communications – Fullgoal Tianyi Value Securities                                       RMB common
                                                                                    13,445,322                                13,445,322
    Investment Fund                                                                                  shares
    New China Life Insurance Co., Ltd. – Dividend—Individual dividend                              RMB common
                                                                                    11,287,656                                11,287,656
    -018L-FH002 Shen                                                                                 shares
                                                                                                 RMB common
    CCB—Yinhua Core Value Selected Securities Investment Fund                          11,026,311                                11,026,311
                                                                                                 shares
    ABC—Changsheng Tongde Theme Growth Stock Securities                                             RMB common
                                                                                    11,000,969                                11,000,969
    Investment Fund                                                                                  shares
    China Merchants Bank Co., Ltd. –Fullgoal Tianhe Stable Selected                                 RMB common
                                                                                    10,145,640                                10,145,640
    Securities Investment Fund                                                                       shares
    Zhongrong International Trust Co., Ltd. – Huixin No.1 Securities                                RMB common
                                                                                     9,010,368                                 9,010,368
    Investment Sheet—trust capital                                                                  shares
                                                                       Among the top ten shareholders, there has no associated
                                                                       relationship between Wuxi Industry Development Group
                                                                       Co., Ltd. and other shareholders, the first largest shareholder
                                                                       of the Company; and they do not belong to the consistent
                                                                       actionist regulated by the Management Measure ofExplanation on related relationship or concerted action among the
                                                                       Information Disclosure on Change of Shareholding forabovementioned shareholders
                                                                       Listed Company.
                                                                       Fullgoal    Tianbo   Innovation      Theme   Stock      Securities
                                                                       Investment Fund, Fullgoal Tianyi Value Security Investment
                                                                       Fund and Fullgoal Tianhe Stable Selected Securities
                                                                       Investment Fund shares the same fund manager –Fullgoal
                                                               无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
                                                                 Fund Management Co., Ltd.Explanation on shareholders involving margin business (if
                                                                 N/Aapplicable)Whether has an agreed-to-buyback dealing in reporting period
    □Yes   √No
                                                         无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
                                 Section III. Important eventsI. Particular about major changes from items of main accounting statements and financialindexes as well as reasons1. Note receivables: Increased RMB 279.8177 million over that of yera-begin at end of the Period with 31.14percent up, mainly due to the gwoth of sales;2. Account paid in advance: Increased RMB 124.2756 million over that of yera-begin at end of the Period with86.60 percent up, mainly because the constuction equipment were paid in advance;3. Other current assets: Increased RMB 304.8176 million over that of yera-begin at end of the Period with 60.95percent up, mainly because more bank financial products purchased;4. Financial assets avialble for sale: Increased RMB 148.3634 million over that of yera-begin at end of the Periodwith 55.84 percent up, mainly because private placements of Miracle Logistics subscribed;5. Investment held-to-maturity: Increased RMB 198 million over that of yera-begin at end of the Period with30.51 percent up, mainly because more bank financial products purchased;6. Short-term loans: Increased RMB 334 million over that of yera-begin at end of the Period mainly because bankborrowings increased;7. Note payable: Increased RMB 229.1368 million over that of yera-begin at end of the Period with 82.37 percentup, mainly because the settlement busienss for note payable increased;8. Taxes payable: Increased RMB 25.8003 million over that of yera-begin at end of the Period with 93.92 percentup, mainly because affected by the market, VAT and enterprise income tax paid at period-end increased;9. Other current liabilities: Increased RMB 12.6015 million over that of yera-begin at end of the Period with57.01 percent up, mainly because vary expenses payable increased;10. Deferred income tax liability: Increased RMB 11.7715 million over that of yera-begin at end of the Periodwith 93.79 percent up, mainly due to the recognition of deferred income tax liability that according to thevariation of fair value of financial assets avialbel for sale at end of the Period;11. Share capital: Increased RMB 340.067 million over that of yera-begin at end of the Period mainly due to theimplementation of profit distribution plan for yer aof 2012 (sending 5 bonus shares for every 10 shares, and RMB3.00 in cash (tax included) distributed);12. Fianncial expenses: Decreased RMB 13.4694 million over same period of last year at reporting Period,mainly because the interest income increased;13. Investment income: Increased RMB 196.3921 million over same period of last year at reporting Period with73.66 percent up, mainly because profit from stock joitly enterprise growth and the income from financialproducts increased;14. Non-operating revenue: Increased RMB 3.4841 million over same period of last year at reporting Period with67.88 percent up, mainly because income from disposal of fixed assets growth;15. Non-operating expenditure: Increased RMB 2.8835 million over same period of last year at reporting Period
                                                          无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文with 56.63 percent up, mainly because relvant taxes with revenue concerned and disposal losses for the fixedassets increased;16. Net profit: Increased RMB 193.7561 million over same period of last year at reporting Period with 30.07percent up, mainly because more earns from investment obtained;17. Net profit attributable to owners’ of parent company: Increased RMB 193.2625 million over same period oflast year at reporting Period with 31.74 percent up, mainly because more earns from investment obtained;18. Cash received related with other operation activities: Increased RMB 49.3692 million over same period of lastyear at reporting Period with 103.91 percent up, mainly because the interest income and vary subsidies increased;19. Net cash flow arising from operation activities: Decreased RMB 411.6726 million over same period of lastyear at reporting Period with 43.06 percent down, mainly due to the increase of account receivable and notereceivable that resutlted from the growth of sales;20. Cash recived from investment: Increased RMB 1196.6843 million over same period of last year at reportingPeriod, mainly because the invetstment financial products expired;21. Net cash received from disposal of fixed assets, intangible assets and other long-term assets: Increased RMB6.9453 million over same period of last year at reporting Period, mainly because more fixed assets diposed in thePeriod;22. Cash paid for purchasing fixed assets, intangible assets and other long-term assets: Increased RMB 101.8468million over same period of last year at reporting Period with 82.53 percent up, mainly because the constuctionequipment were paid;23. Cash paid for investment: Increased RMB 606.1085 million over same period of last year at reporting Periodwith 51.77 percent up, mainly because more investment in bank financial products;24. Net cash flow arising from investment activities: RMB 503.405 million expenditure decreased over sameperiod of last year at reporting Period, mainly because at same period of last yera, there were investment inprivate placement of SDEC and more investment in Bosch Diesel System;25. Net cash flow arising from fianncing activities: Decreased RMB 2043.628 million over same period of lastyear at reporting Period with 95.37 percent down, mainly because there were private placement at same period oflast yera.II. Progress of significant events, their influences, and analysis and explanation of theirsolutions1.Progress of part of the projects with fund raised:Construction project of Industry Park: officially started in April, and is now well under way.Industrialization project of automotive post-processing system products: foundation-stone of the manufacturingbase in new factory district2. Progress of implementation of ‖Retreat from the urban area and shift to industry zones‖ in Period:In line with the general city planning of Wuxi City, the proposal of implementaiton of ‖Retreat from the urbanarea and shift to industry zones‖ was deliberated and approved by 12th meeting of 6th session of the Board held on9 August 2010. On 26 September 2013, the propodal of ―State-owned land use right Purchase Agreement of WuxiCity ‖ was deliberated and approved by 12th meeting of 7th session of the Board. The Company entered into the
                                                                        无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文―State-owned land use right Purchase Agreement of Wuxi City‖ with Land Reserved Center of Wuxi City, and therelocation compensation RMB 503.8116 million obtained by the Company.
                                                                                 Disclosure
                                   Overview                                                          Query index for interim notice
                                                                                    date
    Being approved by CSRC on 21 January 2012, the private placement of                           The ‖Feasibility Analysis Report for the
    the Company was 112,858,000 shares at most, net amount of RMB 2.85                            Raised       Proceeds       from       Private
                                                                                2011-09-27
    billion was raised for the followed projects: R&D of WAPS,                                    Placement(Revised)‖ published on Juchao
    industrialization, productivity expansion of diesel common rail system                        Website
    parts, industrialization of tail treatment system, research institution                       The ‖Report on Private Placement and
    project, construction project in industrial zone, battery material of engines                 Announcement of Listing (Summary)‖
                                                                                2012-02-28
    and R&D of battery, equity acquisition project and, liquid assets                             (Notice No.: 2012-12) published on Juchao
    supplementation.                                                                              WebsiteBeing deliberated and approved on 9th meeting of 7th session of the Board
                                                                                              The ―Proposal of Changing the Investmentheld on 26 March 2013 and annual shareholders’’ general meeting of
                                                                                2013-03-28 Plan with Raised Proceeds‖ published on2012 held on 23 May 2013, the original investment plan of
                                                                                              Juchao Website (Notice No.: 2013-007)―Industrialization of tail treatment system‖ was changed.
                                                                                              The ―Special Report of Deposit of Raised
    Deposit of raised proceeds and utilization for fist half year of 2013           2013-08-27 Proceeds and Utilization for fist half year
                                                                                              of 2013‖ published on Juchao Website
                                                                                              The ―Implementation of Retreat from the
                                                                                              urban area and shift to industry zones ――‖
                                                                                2010-08-11
                                                                                              (Notice No.: 2010-23) published on Juchao
    ‖Retreat from the urban area and shift to industry zones‖                                   Website
                                                                                              The ― State-owned land use right Purchase
                                                                                2013-09-28 Agreement of Wuxi City ‖ (Notice No.:
                                                                                              2010-22) published on Juchao WebsiteIII. Commitments made by the Company or shareholders holding above 5% shares of theCompany in reporting period or made in previous period and extending to reporting period.
                                                                                                                Commit
                      Commitment                                                                  Dated for
    Commitments                                                 Contents                                           ment      Implementation
                           party                                                                commitment
                                                                                                                  term
                                       Non-circulating shares of Weifu Hi-tech held by
                                       Weifu Group could not listed or transferred within
                                       60 months since possessing of listing right. After
                    WUXI
                                       the expiry of the commitment period, original                                      Implementing
                    INDUSTRY
    Share Merger                           non-circulating shares would be listed for sale in                                 without
                    DEVELOPMEN                                                                  2006-04-05
    Reform                                 Shenzhen Stock Exchange, the proportion of sales                                   holdings-reduci
                    T GROUP CO.,
                                       volume to total share equity of Weifu Hi-tech could                                ng shares.
                    LTD.
                                       not exceed 5% within 12 months as well as 10%
                                       within 24 months, and sales price ought not to less
                                       than RMB 10 per share (the lowest impairment
                                                                      无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
                                       price of shares holding would be calculated ex-right
                                       at the same time if share price ought to ex-right
                                       according to regulation).
                                       In order to promote the listed company’s steady and
                                       healthy   development,      fully   mobilize   senior
                                       executives so as to ensure to combine the interests
                      WUXI             of the governance and shareholders of the
                      INDUSTRY         Company, Weifu Industry Group committed: after                        Implemented
                      DEVELOPMEN Weifu High-tech finishing Share Merger Reform, 2006-04-05                   after related
                      T GROUP CO., under related regulations of the state and Wuxi                           policy released
                      LTD.             government in terms of governance encouragement
                                       system of listed company, the Group would the
                                       stock incentive plan for management level of Weifu
                                       High-tech.Commitments inreport ofacquisition orequity changeCommitments inassetsreorganization
                      WUXI
                                       The privately offering of the Company totally issue
                      INDUSTRY
    Commitments in                         112,858,000 A-shares to substantial shareholder
                      DEVELOPMEN
    initial public                         Wuxi Industry Group and foreign strategy investor
                      T GROUP CO.,                                                                           Implementing
    offering or                            ROBERT BOSCH GMBH. The above said shares
                      LTD. and
    refinancing                            are listed for trading in Shenzhen Stock Exchange
                      ROBERT
                                       since 29 February 2012 with 36-month restriction
                      BOSCH GMBHOthercommitments tominorityshareholders ofthe CompanyCompleted on
                      Yestime or notDetail reasons forun-complement
                      Not applicableand further plan(ifapplicable)
                                                                           无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文IV. Estimation of operation performance for year of 2013Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation of reason
    □Applicable                 √Not applicableV. Particular about security investment
                                                               Proporti
                                                                                       Proport
                                                                on of
                                                                                       ion of
                                                   Amount of stock-h
                      Short                                             Amount of      stock-h
    Variet                                             stock-holdin olding stock-holdi               Book value at    Gains and     Accou Sour
          Code of form               Initial                                           olding
    y of                                                 g at the   at the  ng at the               the end of the   loss in the   nting ce of
          securitie        of      investment                                          at the
    securit                                                                 end of the
                                   cost(RMB)        beginning beginni                               period        reporting     subjec stoc
             s        securit                                              period      end of
    ies                                              of the period ng of                              (RMB)          (RMB)              t      k
                           ies                                            (Share)
                                                                                         the
                                                      (Share)     the
                                                                                       period
                                                               period
                                                                                        (%)
                                                                 (%
                                                                                                                                Financ
                                                                                                                                ial
                                                                                                                                           Subs
                                                                                                                                assets
    Stock 600841          SDEC 199,208,000.00 23,680,000            2.72% 23,680,000 2.72% 303,104,000.00 1,681,280.00                         cript
                                                                                                                                availa
                                                                                                                                           ion
                                                                                                                                ble for
                                                                                                                                sales
                                                                                                                                Financ
                      Miracl                                                                                                    ial
                                                                                                                                           Subs
                      e                                                                                                         assets
    Stock 002009                      69,331,500.00                            9,300,000     2.9% 110,949,000.00                               cript
                      Logisti                                                                                                   availa
                                                                                                                                           ion
                      cs                                                                                                        ble for
                                                                                                                                salesOther securities
    investment held at                          0.00                  --                     --                                           --    --period-end
    Total                            268,539,500.00 23,680,000        --      32,980,000     --      414,053,000.00 1,681,280.00          --    --
    Disclosure date of               2012-03-24securities investment
                                 2013-06-04approval from the BoardDisclosure date ofsecurities investmentapproval fromShareholders’ Meeting(if applicable)Explanation on equity of other listed company held
                                                                      无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
    √Applicable          □Not applicableIn March 2012, the ―Proposal of External Investment‖ was deliberated and approved in 23th meeting of 6th session of the Board, theCompany subscribe 14,800,000 private placement of A-share from SDEC with RMB 13.46 per share, a 2.72 percent in total sharecapital of SDEC after placement. (restricted term from 23 March 2012 to 22 March 2013). SDEC implemented the plan of annualprofit distribution and converting capital reserve into share capital for 2011 in June 2012. (Sending cash of RMB 0.5(tax included)per every 10 shares, converting 6 shares per every 10 shares, the Company holds 23,680,000 shares of SDEC after distribution
    completed.    In the reporting, the company held SDEC 23.68 million shares. And in August 2013, SDEC carried out the profitdistribution plan for year of 2012 (that is sending RMB 0.71 in cash for every 10 shares (tax included))In May 2013, in line with the define authority in ―Desicion-making System of Major Investment and Financial‖, and being discussedby the management and approved from the Chairman, the Company decide to subscribe 9,300,000 private placement shares fromMiracle Logistics with RMB 7.455 per share, a 2.9 percent in total share capital of Miracle Logistics after placement. Restrictedterms from 4 June 2013 to 3 June 2014)VI. Particulars about derivatives investment
                                                                                                                    In ten thousand Yuan
                                                                                                                        Ratio of
                                                                                                                        investmen
                                                                                               Amount
                                                                                                                        t amount
                                                                                              of reserve
                                                                                                                           at
                                                                                 Investme        for        Investme
                       Whether                                                                                          period-en     Actual
             Related                                                             nt amount devaluati nt amount
                           related              Initial                                                                  d in net gains/loss
    Operator relationsh                 Type                     Start                 at          on of          at
                       trade or              investment               End date                                          assets of     es in
                  ip                                          date               period-be withdrawi period-en
                            not                                                                                            the        period
                                                                                    gin        ng (if          d
                                                                                                                        Company
                                                                                              applicable
                                                                                                                           at
                                                                                                  )
                                                                                                                        period-en
                                                                                                                          d (%)
    Total                                                     0    --        --               0             0           0            0%            0
    Capital resource                             Not applicable
    Lawsuits (if applicable)                     Not applicableDisclosure date of derivative investmentapproval from the Board (if applicable)Disclosure date of derivative investmentapproval from the Shareholders’ Meeting(if applicable)VII. Registration form of receiving research, communication and interview in the reportperiod
                                                                    无锡威孚高科技集团股份有限公司 2013 年第三季度报告正文
    Time                Place            Way      Type               Reception           Contents discussed and material provided
    From July to                      Telephone                                             Basic condition of the Company,
               Office of the
    September                         communicat Individual Public investor                 implementation of Standard IV and views
                Board
    of 2013                           ion                                                   on market in 2013
               Network platform
               offered by
    From July to                                                                            Answer investors on-line via interactive
               Shenzhen           Written
    September                                     Individual Public investor                platform for investors
               Securities         inquiry
    of 2013                                                                                 (http://irm.p5w.net/dqhd/sichuan/)
               Information Co.,
               Ltd.
                                                           Teleconference, institute
                                  Telephone
               Office of the                               investor, and 81 person      Performance communication of
    2013-08-27                        communicat Institution
                Board                                      on-line for the meeting at   semi-annual report of the Company
                                  ion
                                                           most
                                                           Researcher of automobile
                                                           industry from Huatai         Semi-annual report of the Company and
               Office of the      Field
    2013-08-28                                    Institution Securities Yao Hongguang, communication with the Company for
               Board              research
                                                           Ding Yunbo and other six     future development act.
                                                           person
                                                                                     Board of Directors of
                                                                           Weifu High-Technology Group Co., Ltd.
                                                                                                 24 October 2013