Huafang Textile Board Announces Announcement Of Abnormal Fluctuations In Stock Trading

Announcement date 2012-07-20

Stock short: Hua Fang

Stock Code: 600273

Stock Code: 600273 stock abbreviation: Huafang textile number: 2012-020

Huafang textile Limited by Share Ltd

Notice of abnormal fluctuation in stock trading

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

I. Introduction of abnormal fluctuations in stock pactions

The company's shares were held for three consecutive trading days in from July 17 to 19, 2012.

The increase deviated from the cumulative value of more than 20%, according to the relevant provisions of the Shanghai stock exchange stock trading rules, which is abnormal fluctuations in stock pactions.

Two, the company's concerns and verification.

1. After consulting the controlling shareholder of the company in writing, the company's controlling shareholders have no information disclosed but not disclosed.

Statement of controlling shareholder of a company: within three months from the date of the announcement of the company, no major matters related to the company are planned, including but not limited to: major issues concerning the pfer of shares, debt restructuring, business restructuring, divestiture or asset injection of the company.

Nor is there any information that should be disclosed but not disclosed to the company that has a greater impact on the price of the company's stock and its derivatives.

2, as of now, the production and operation of the company is normal, and there is no significant impact on the company. However, due to the overall development of the industry, the new strategic management plan of Future Ltd will not be ruled out. The company will report to the board of directors and make information disclosure in accordance with the relevant regulations of the Shanghai Stock Exchange Listing Rules.

Three. Is there a declaration of major information that should be disclosed and not disclosed?

The company's board of directors confirmed that until now, the company did not have any disclosures that were not disclosed in accordance with the relevant provisions of the Shanghai Stock Exchange Listing Rules, or the planning, negotiation, intention and agreement related to the matter. The board of directors of the company has not been informed of the information that the company has disclosed in accordance with the relevant provisions of the Shanghai Stock Exchange Listing Rules and has not disclosed the greater impact on the trading price of the company's stock and its derivatives.

Four, the company believes that the necessary risk warning

We solemnly remind investors that the Shanghai Securities Daily has chosen the China Securities Regulatory Commission as the designated newspaper for information disclosure. The Shanghai stock exchange website (http://www.sse.com.cn) has designated the information disclosure website for the company. The information released by the company is based on the notice published in the above designated newspapers and websites. Investors are invited to invest rationally and pay attention to investment risks.

Notice hereby

Huafang Textile Co., Ltd.

Board of directors

July 19, 2012