In order to ensure that the Company and its subsidiaries (including its subsidiaries, the same below) have sufficient technical and financial capital, the Company shall, at the eleventh meeting of the second session of the Board of Directors (hereinafter referred to as the Company and its subsidiaries) The second session of the second session of the Board of Supervisors examined and approved the "on the company and its subsidiaries to apply for the amount of the bill", the bill still need to be submitted to the shareholders' meeting for consideration, 2017 company and its subsidiaries to be related to the relevant banks Or other financial institutions to apply for a total of 880 million yuan of the loan amount (including maturity loans). The above loan amount is mainly used for working capital loans, bank acceptance bills and other business, the specific amount of financing will depend on the production and operation of the demand for funds to determine. Details are as follows:

The above loan amount is the estimated borrowing amount rather than the actual borrowing amount, and the actual borrowing amount will be the actual signing and occurrence of the loan contract or agreement shall prevail. In order to optimize the borrowing process, the board of directors may, at the general meeting of the shareholders' meeting approve the above loan quota, authorize the chairman of the board of directors to authorize the chairman of the company, Ms. Liao Hui or his authorized representative, to approve the borrowing of the company and its subsidiaries and sign and borrow Related to all kinds of documents.

1. for reference file directory

(1.) "The 11th meeting of the second session of the Board of Directors (provisional meeting) of Jiangsu Kailangyang Chemical Co.,

(2.)"Resolution of the 6th meeting of the second session of the Supervisory Committee of Jiangsu Kailuiyang Chemical Co.,