1.Date of the board of directors resolution:2015/06/24
2.Reason for the capital reduction:To offset company losses
3.Amount of the capital reduction:US$17,658,656
4.Cancelled shares:17,658,656 shares
5.Capital reduction ratio:12.43%
6.Share capital after the capital reduction:US$124,442,727
7.Scheduled date of the shareholders' meeting:2015/06/24
8.Estimate listed shares, the ratio of listed shares to outstanding
shares, after the capital reduction:N/A
9.Countermeasures of the aforesaid estimate change in shareholding
after the capital reduction:N/A
10.Any other matters that need to be specified:
Record date of the capital reduction will be determined after the Court
approves capital reduction.