1.Date of the board of directors resolution:2016/03/30

2.Reason for the capital reduction:Refund cash to shareholder to enhance

capital efficiency.

3.Amount of the capital reduction:US$20,000,000

4.Cancelled shares:20,000,000 shares

5.Capital reduction ratio:90.9%

6.Share capital after the capital reduction:US$2,000,000

7.Scheduled date of the shareholders' meeting:N/A

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:None