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Haiyou Wei involved in litigation notice

All members of the Company and the Board of Directors hereby guarantee that the contents of the announcement are true, accurate and complete, that there are no false records, misleading statements or material omissions and shall individually and jointly accept legal liability for the truthfulness, accuracy and completeness of the contents of the announcement. I. Basic Information about the Acceptance of Major Litigation or Arbitration I. Date of Acceptance: January 26, 2015 (II) Name of Accepting Agent: Court (III) Location of Receiving Agent: Shanghai No. 1 Intermediate People's Court 2. Relevant Basic information on major lawsuits or arbitrations (I) Basic information of the plaintiff or applicant: 1. Name or company name: Shanghai Haiwei Chemical Co., Ltd. 2. Legal representative / legal representative: Li Min 3. Litigation representative And their respective affiliates: Yang Yongfa Shanghai Cathay Law Firm 4. Other Information: (2) Basic Information of the Defendant or Respondent: 1. Name or Company Name: Shanghai Wanglan Trade Co., Ltd. 2. Legal Representative / Legal Representative : Liu Chao 3. Litigation Attorney and its Affiliates: Sun Weibin 4. Other Information: Announcement No .: 2015 010 cartier ring imitation gold 3. Information on Third Parties or Other Stakeholders 1. Name or Company Name: None 2. Legal Representative Person / legal representative: None 3. Litigation agents and their respective affiliates: None 4. Other information: (IV) Basic facts: Shanghai Wang Lan Trading Co., Ltd., in April 2013, Company (Department of Shanghai Hai Wei Granville New Materials Co., Ltd. controlled subsidiaries, hereinafter referred to as Haiyou Wei chemical) signed a contract of carriage, due to the existence of both transport settlement disputes, Shanghai Wang Blue Trade Co., Ltd. Jinshan District People's Court prosecution Haiyou Granville chemicals. Haiyou Wei chemical submitted to the court during the submission of objections to the jurisdiction, that the contract of carriage of Article VII of the first paragraph of 'any implementation of this contract or any dispute relating to this contract, the two sides through friendly consultations to resolve and solve If not, then submitted to the Shanghai Pudong New Area People's Court jurisdiction, litigation settlement. ' Jinshan District People's Court held that: the contract of carriage in the jurisdiction of the agreement even if the true meaning of both parties that the agreement for the jurisdiction of the court, beyond the scope of the law, as invalid. Issued a civil ruling on September 3, 2014, ruled that Jinshan District People's Court has jurisdiction over the case and rejected the objection raised by Haiyouwei Chemicals to the jurisdiction of the case. Haiyou Wei chemical refused to accept the ruling, submitted to the Jinshan cartier love ring white gold copy District Court of Appeal, appealed to the Shanghai No. 1 Intermediate People's Court. Shanghai No.1 Intermediate People's Court accepted the case on January 26, 2015 and conducted a public hearing on February 10, 2015. (E) litigation or arbitration request and basis: Notice number: 2015 010 The original contractual terms of the contract effective, the case by the Shanghai First Intermediate People's Court. (Vi) other need to explain the situation: None. III. RULES OR RULES (APPLICABLE TO JUDGMENT OR DETERMINATION STAGE) Shanghai 2015 (No. 1) Si Min (Nan) Zi No. 306 made by Shanghai No. 1 Intermediate People's Court on 11 February cartier replica ring diamond 2015, the result of which is as follows: The court presided over the mediation and the parties voluntarily agreed as follows: 1. Haiyouwei Chemicals paid RMB 377,090 to the appellee Shanghai Wang Lan Trading Co., Ltd. before Feb. 18, 2015; II. Haiyou Wei Chemicals did not pay according to the above Deadline to fulfill the payment obligations, the two sides executed in accordance with the first instance verdict; Third, the first instance case acceptance fee reduced by 4476 yuan, Shanghai Blue Trade Co., Ltd. by the burden. Second instance case acceptance fee by half to 4476 yuan, by Hai Youwei chemical burden. Fourth, both sides have imitation cartier love ring white gold no other disputes. Fourth, other should be disclosed without undue litigation, arbitration Nil. V. The Impact of Litigation and Arbitration on the Company's Business and Financial Affairs (I) The Litigation and Arbitration Impact on the Company's Operation: The lawsuit prompts the Company to strengthen the management and supply of internal control contracts in the future operation Strict control of traders, although short-term transport providers and companies will have some negative impact, but in the long run is conducive to the healthy growth of the company. Announcement No .: 2015 010 (II) Effect of the lawsuit and arbitration on the financial affairs of the Company: The Company shall pay RMB377,390 to the appellee Shanghai Wang Lan Trading Co., Ltd. before February 18, 2015. The company's short-term cash flow will have a certain impact, but will not have a significant impact. VI. Documents Available for Reference (I) Civil Ruling Paper (II) Civil Mediation Board Shanghai Haowei New Materials Co., Ltd. Board of Directors February 16, 2015

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