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Announcement of the 2015 profit distribution plan

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities for the authenticity, accuracy and completeness of the contents.


The fourth meeting of the second board of directors of Zhejiang Baichuan Conductor Technology Co., Ltd. (hereinafter referred to as the "Company") was held on April 20, 2016 in the company's conference room. The meeting reviewed and approved the 2015 Profit Distribution Plan.


The relevant matters are announced as follows:



1. Profit distribution plan


Zhejiang Baichuan Conductor Technology Co., Ltd. (hereinafter referred to as the "Company") intends to allocate 10% of the statutory surplus reserve based on the net profit realized by the company in 2015, based on the 60 million shares of the company’s total share capital as of December 31, 2015. A cash dividend of RMB 0.17 (tax included) per share was distributed to all shareholders, totaling 10.2 million yuan (tax included).




2. Documents for reference


(1) The "Resolution of the Fourth Meeting of the Second Session of Zhejiang Baichuan Conductor Technology Co., Ltd." confirmed and signed by the participating directors.




Zhejiang Baichuan Conductor Technology Co., Ltd.


Board of Directors


April 22, 2016