The notice of the ninth meeting of the seventh board of directors of "P > Henan a href=" //m.pmae.cn/news/index_c.asp "> Xinye textile < /a > Limited by Share Ltd (hereinafter referred to as the" company ") was sent to all directors by fax and e-mail in March 20, 2014. The meeting was held at 10:00 a.m. on March 31, 2012 at the conference room on the third floor of the company.

The meeting was presided over by Mr. Wei Xuezhu, chairman of the company. The meeting should be attended by 9 directors and 9 directors.

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< p > vote by the director of the meeting, < a href= "//m.pmae.cn/news/index_c.asp" > the meeting deliberated < /a > and passed the following motion: < /p >

< p > 1, and passed the motion on renewal of mutual insurance agreement with < a href= "//m.pmae.cn/news/index_c.asp > > mutual protection unit < /a >" /p >

< p > according to the needs of production and operation and in accordance with the principle of mutual cooperation and common development, the company intends to renew the mutual insurance agreement with the mutual insurance units through friendly negotiation: < /p >

< p > (1) renew the "mutual insurance agreement" with Henan Xichuan nonferrous metal rolling Co., Ltd.

The total amount of mutual insurance is RMB 30 million yuan, accounting for 1.68% of audited net assets for 31 days in December 2012, accounting for 1.62% of the company's net assets in September 30, 2013.

The deadline for mutual guarantee is March 31, 2015.

Mutual guarantee form: joint and several liability guarantee.

For this guarantee, the company will take corresponding counter guarantee measures.

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< p > voting results: agreed 9 votes, abstained 0 votes, and opposed 0 votes.

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< p > (2) renew the "mutual insurance agreement" with Xichuan Aluminum Group Co., Ltd. of Henan province.

Total amount of mutual insurance: < /p >

< p > 20 million yuan, accounting for 1.12% of audited net assets for 31 days in December 2012, accounting for 1.08% of the company's net assets in September 30, 2013.

The deadline for mutual guarantee is March 31, 2015.

Mutual guarantee form: joint and several liability guarantee.

For this guarantee, the company will take corresponding counter guarantee measures.

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< p > voting results: agreed 9 votes, abstained 0 votes, and opposed 0 votes.

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< p > (3) renew the mutual insurance agreement with Henan Tianguan Enterprise Group Co.

The total amount of mutual insurance is RMB 120 million yuan, accounting for 6.71% of audited net assets for 31 days in December 2012, accounting for 6.48% of the company's net assets in September 30, 2013.

Mutual insurance deadline is until June 30, 2015.

Mutual guarantee form: joint and several liability guarantee.

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< p > for this guarantee, the company will take corresponding counter guarantee measures.

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< p > voting results: agreed 9 votes, abstained 0 votes, and opposed 0 votes.

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< p > (4) renew the "mutual insurance agreement" with Henan Tianguan bioengineering Limited by Share Ltd.

Total amount of mutual insurance: < /p >

< p > 80 million yuan, accounting for 4.48% of audited net assets for 31 days in December 2012, accounting for 4.32% of the company's net assets in September 30, 2013.

The deadline for mutual guarantee is June 30, 2015.

Mutual guarantee form: joint and several liability guarantee.

For this guarantee, the company will take corresponding counter guarantee measures.

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< p > voting results: agreed 9 votes, abstained 0 votes, and opposed 0 votes.

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< p > (5) renew the mutual insurance agreement with Henan Tianguan Fuel Ethanol Co.

The total amount of mutual insurance is RMB 100 million yuan, accounting for 5.59% of audited net assets for 31 days in December 2012, accounting for 5.4% of the company's net assets in September 30, 2013.

The deadline for mutual guarantee is June 30, 2015.

Mutual guarantee form: joint and several liability guarantee.

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< p > for this guarantee, the company will take corresponding counter guarantee measures.

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< p > voting results: agreed 9 votes, abstained 0 votes, and opposed 0 votes.

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< p > (6) renew the mutual insurance agreement with Nanyang Textile Group Co., Ltd.

The total amount of mutual insurance is RMB 130 million yuan, accounting for 7.27% of audited net assets for 31 days in December 2012, accounting for 7.02% of the company's net assets in September 30, 2013.

The deadline for mutual guarantee is June 30, 2015.

Mutual guarantee form: joint and several liability guarantee.

For this guarantee, the company will take corresponding counter guarantee measures.

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< p > voting results: agreed 9 votes, abstained 0 votes, and opposed 0 votes.

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< p > (7) renew the mutual insurance agreement with Henan's Limited by Share Ltd.

The total amount of mutual insurance is RMB 120 million yuan, accounting for 6.71% of audited net assets for 31 days in December 2012, accounting for 6.48% of the company's net assets in September 30, 2013.

The deadline for mutual guarantee is June 30, 2015.

Mutual guarantee form: joint and several liability guarantee.

For this guarantee, the company will take corresponding counter guarantee measures.

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