Jiangnan Red Arrow: Announcement on the use of raised funds to purchase wealth management products

The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the contents of the announcement, and there are no false records, misleading statements or major omissions.

Hunan Jiangnan Hongjian Co., Ltd. (hereinafter referred to as “Company” or “Jiangnan Red Arrow”) held the 20th meeting of the 8th Board of Directors and the 18th meeting of the 8th Board of Supervisors on January 16, 2014. "Proposal on the use of part of the idle raised funds to invest in bank wealth management products by the wholly-owned subsidiary Zhongnan Diamond Co., Ltd.", agreeing that the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. (hereinafter referred to as "Zhongnan Diamond") will use no more than RMB 600,000. Raise funds to invest in bank-guaranteed wealth management products in a timely manner, and funds can be used for rolling within this amount. I. Income of mature wealth management products

On March 4, 2015, Zhongnan Diamonds used a temporary idle fundraising of 50 million yuan.

Yuan Xiang CITIC Bank Co., Ltd. Nanyang Branch (hereinafter referred to as "CITIC Bank Nanyang Branch") purchased CITIC Wealth Management's Winning Series (for the public) Tiantian Express No. 2 RMB wealth management products, has redeemed the principal of 20 million yuan, and achieved a profit of 10,520.55 yuan.

Second, the purchase of bank wealth management products

On March 18, 2015, Zhongnan Diamond used the temporarily idle raised funds of RMB 30 million to purchase the “Zhang Yuan – Yang Yu Si Fang” type-guaranteed form from China Construction Bank Corporation Nanyang Branch (hereinafter referred to as “Construction Bank Nanyang Branch”). The fourth phase of wealth management products in 2015, with a maturity of 35 days (from March 19, 2015 to April 23, 2015), is expected to have an annualized rate of return of 4.60%. The above matters do not constitute connected transactions.

Third, risk control measures

Based on the principle of safeguarding the interests of all shareholders and the company, the company puts risk prevention in the first place and strictly controls and carefully decides on the purchased bank wealth management products. During the bank's wealth management products, Zhongnan Diamond will analyze and track the operation of wealth management funds in a timely manner, maintain close contact with the construction bank Nanyang Branch, strengthen risk control and supervision, and strictly control the safety of funds.

Fourth, the impact on the company

1. The use of some of the temporarily idle funds raised by Zhongnan Diamonds to purchase wealth management products is carried out on the premise of ensuring the funds required for the company to raise funds for investment projects and ensuring the safety of the raised funds. It does not affect the daily capital turnover of the company and does not affect the raised funds. The construction of investment projects does not affect the company's main business operations.

2. Zhongnan Diamonds use temporarily raised funds to purchase bank wealth management products, which is conducive to improving the efficiency of the use of raised funds and obtaining certain investment income, in line with the interests of the company and all shareholders.

V. Use of idle raised funds to purchase bank wealth management products within 12 months before the announcement date

On April 2, 2014, Zhongnan Diamond purchased a guaranteed income product “2014 Structured Deposit System” from the Nanyang Branch of Everbright Bank Co., Ltd. (hereinafter referred to as “China Everbright Bank Nanyang Branch”) using a temporarily idle raised fund of RMB 30 million. Issued the 22nd product 3", the term is 3 months, the annualized rate of return is 4.16%; on April 3, 2014, the temporarily idle raised funds of 140 million yuan were used to Bank of China Limited Nanyang Branch (below) Referred to as “BOC Nanyang Branch”, the purchase of guaranteed income products “RMB is open on schedule” with a maturity of 21 days and an annualized rate of return of 3.80%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on April 9, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-15).

On April 25, 2014, Zhongnan Diamonds used the temporarily idle raised funds of RMB 110 million to purchase guaranteed-yield products “Opening the Renminbi on schedule” to the Bank of China Nanyang Branch for a period of 94 days with an annualized rate of return of 4.50%; April 2014 On the 28th, using the temporarily idle raised funds of 30 million yuan, the company purchased the capital-guaranteed floating-income wealth management product “CITIC Trust's letter-win series (to the public) 14128 RMB wealth management products” from CITIC Bank Nanyang Branch, with a term of 91 days, annualized income. The rate is 4.80%. For details, please refer to the “China Securities Journal”, “Securities Times” and Juchao Information Network () published on April 29, 2014, regarding the use of Zhongnan Diamond Co., Ltd., a wholly-owned subsidiary. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-26).

On May 14, 2014, Zhongnan Diamonds used the temporarily idle raised funds of RMB 150 million to purchase CITIC Financial's Xinying Series (for the public) 14131 RMB wealth management products from CITIC Bank Nanyang Branch. The product type is guaranteed floating income. Type, the period is 96 days (from May 16, 2014 to August 20, 2014), the annualized rate of return is 4.50%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on May 15, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-31).

On May 16, 2014, Zhongnan Diamonds used the temporarily idle raised funds of RMB 50 million to purchase “Yuan Yuan Bao Ben Type RMB Wealth Management Products 2014 No. 116” from the Construction Bank Nanyang Branch. The product type is guaranteed floating income type, and the term is 34 days (from May 16, 2014 to June 19, 2014), the annualized rate of return is 4.00%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on May 20, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-32).

On July 31, 2014, Zhongnan Diamonds used the temporarily idle raised funds of RMB 110 million to purchase the RMB “on-time” products purchased from the Bank of China Nanyang Branch. The product type is guaranteed to be profitable with a maturity of 152 days (since August 2014). From 1st to December 31st, 2014, the annualized rate of return is 4.20%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on May 20, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-guaranteed Wealth Management Products (2014-44).

On August 21, 2014, Zhongnan Diamond used the temporarily idle raised funds of RMB 120 million to purchase CITIC Financial's Xinying Series (for the public) 14163 RMB wealth management products from CITIC Bank Nanyang Branch. The product type is guaranteed floating income. Type, the period is 91 days (from August 22, 2014 to November 21, 2014), the annualized rate of return is 4.50%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on August 22, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-guaranteed Wealth Management Products (2014-50).

On October 8, 2014, Zhongnan Diamonds purchased a RMB “on-time” product from the Nanyang Branch of the Construction Bank using a temporarily idle raised fund of RMB 70 million for a period of 84 days (from October 8, 2014 to December 2014). On the 30th), the annualized income was 4.3%; using the temporarily idle raised funds of 60 million yuan, purchased the “2014 Sixty-third Product 2 for Public Structured Deposits” from the Nanyang Branch of China Everbright Bank, the product type is structure. The deposit period is one month (from October 8, 2014 to November 8, 2014), and the annualized rate of return is 3.523%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on October 9, 2014 on the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-53).

On October 21, 2014, Zhongnan Diamond purchased a RMB “on-time” product from the Bank of China Nanyang Branch for a period of 69 days (from October 22, 2014 to December 30, 2014) using a temporarily idle raised fund of RMB 40 million. Day), the annualized income is 4.2%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on October 23, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-54).

On November 26, 2014, Zhongnan Diamonds used the temporarily idle raised funds of RMB 120 million to purchase CITIC Financial’s Xinsheng Branch’s 14195 RMB wealth management products from CITIC Bank Nanyang Branch for a period of 91 days. It is 4.40%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on November 28, 2014, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2014-60).

On February 6, 2015, Zhongnan Diamond purchased a RMB “on-time” product from the Bank of China Nanyang Branch for a period of 91 days (from February 9, 2015 to May 11, 2015) using a temporarily idle raised fund of RMB 120 million. (Day), the annualized rate of return is expected to be 4.75%; use the temporarily idle raised funds of RMB 100 million to purchase RMB “on-time” products from the Bank of China Nanyang Branch for a period of 29 days (from February 9, 2015 to March 2015). On the 10th), the annualized rate of return was 4.4%. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on February 10, 2015, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2015-8).

On March 4, 2015, Zhongnan Diamonds used the temporarily idle raised funds of RMB 50 million to purchase CITIC Financial's Xinying Series (to the public) 15031 RMB wealth management products from CITIC Bank Nanyang Branch for a period of 91 days. From March 6, 2015 to June 5, 2015), the type is guaranteed floating income, closed type, and the estimated maximum annualized income is 4.40%; the use of temporary idle raised funds of 50 million yuan to purchase CITIC Financial's letter win series ( For the public) Tiantian Express No. 2 RMB wealth management products, the highest annualized rate of return is expected to be 3.2%, the type is guaranteed floating income, open type, the product has no nominal duration. For details, please refer to the "China Securities Journal", "Securities Times" and Juchao Information Network () published on March 5, 2015, regarding the use of the wholly-owned subsidiary Zhongnan Diamond Co., Ltd. Announcement on the Progress of Partially Raised Funds to Purchase Bank-Protected Financial Products (2015-9).

6. Opinions of Independent Directors, Board of Supervisors and Independent Financial Advisers on the purchase of bank wealth management products by the use of funds raised temporarily by Zhongnan Diamonds

For the opinions of the independent directors, the board of supervisors and the independent financial adviser, please refer to the “China Securities Journal”, “Securities Times” and the Shenzhen Stock Exchange website () on January 18, 2014 and January 20, 2014. Supplementary Announcement on the Use of Partially Raised Funds to Invest in Banking Wealth Management Products by Zhongnan Diamond Co., Ltd., a wholly-owned subsidiary, on szse.cn) (Announcement No. 2014-6).

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