On the afternoon of April 18, Guangbo Stock held 2015 shareholders’ meeting, which was hosted by Dai Guoping, president of Guangbo Stock.

Altogether 14 s hareholders and shareholder representatives attended this shareholders’ meeting, 9 of them were at the spot and the other 5 p articipating in the network voting . Shareholders of this meeting didn’t have the case like entrusting independent directors to vote. The voting method adopted by the meeting was the combination of on-site voting and network voting. Lawyers Wang Gaoping and Deng Yin from Shanghai Yingming Firm attended this meeting and issued “legal opinion”.

The meeting examined and adopted“2015 the board working report”, “2015 work report of the board of supervisors ”, “2015 annual financial report”, “2015 annual p rofit distribution plan ”, “2015 full text and summary of annual report”, “bill on a pply ing to the Banks for comprehensive line of credit in 2016”, “bill on providing guarantee security for subsidiary”, “bill on 2016 daily related transactions ”, “bill on r enewed public accounting firm ”, “bill on a uthorizi ng company director  payment in 2016 ”, “bill on a uthorizi ng company  supervisor payment in 2016” these 11 bills.

This shareholder’s meeting’s convening routine, personnel qualification , qualification of the convener and v oting procedure of the meeting all accorded with the regulation of company law, rules of the general meeting of shareholders and the articles of the company. The vote of  this shareholders' meeting  is legal and valid .