Weiqiao Textile : POSSIBLE DELAY IN PUBLICATION OF ANNUAL RESULTS AND DESPATCH OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2016

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魏橋紡織股份有限公司

Weiqiao Textile Company Limited*

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2698) POSSIBLE DELAY IN PUBLICATION OF ANNUAL RESULTS AND DESPATCH OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2016

This announcement is made by Weiqiao Textile Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) .

POSSIBLE DELAY IN PUBLICATION OF ANNUAL RESULTS AND DESPATCH OF ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2016

The board ("Board") of directors (the "Directors") of the Company wishes to inform the shareholders of the Company (the "Shareholders") that, there may be a delay in the release of the annual results for the year ended 31 December 2016 (the "2016 Annual Results") as the Company requires more time to address the issues raised by the auditor of the Company (the "Auditor") in relation to the audit work for the year ended 31 December 2016. As at the date of this announcement, the Company is in the process of addressing and resolving such issues, and the Auditor has suspended its audit work for the year ended 31 December 2016 pending the follow-up matters to be resolved. As a result of which, it is expected that the Company may not be able to (i) publish the 2016 Annual Results on or before 31 March 2017; and (ii) despatch its annual report for the year ended 31 December 2016 (the "2016 Annual Report") to the Shareholders on or before 30 April 2017.

POSTPONEMENT OF BOARD MEETING

As a result of which, the meeting of the Board to, among other things, consider and approve the 2016 Annual Results originally scheduled to be held on 21 March 2017 will be postponed. The Company is cooperating with the Auditor to assist it in completing its audit work as soon as possible, and is working with the Auditor on a timetable to achieve the same.

OTHERS

Pursuant to Rules 13.49 (1) and 13.46 (2) (a) of the Listing Rules, the Company is required to publish the 2016 Annual Results on or before 31 March 2017, and to despatch the 2016 Annual Report to the Shareholders on or before 30 April 2017. The possible delay in publication of the 2016 Annual Results and possible delay in despatch of the 2016 Annual Report, if materialised, will constitute non- compliance of Rule 13.49 (1) of the Listing Rules and Rule 13.46 (2) (a) of the Listing Rules, respectively, and the Company will request for a suspension of trading of its shares on The Stock Exchange of Hong Kong Limited and the suspension of trading will be commenced on 3 April 2017 in due course.

The Company wishes to emphasize that the production and operation of the Company and its subsidiaries remain normal. The Company will publish further announcement (s) in due course to inform the Shareholders of (i) the date of the meeting of the Board to consider and approve the 2016 Annual Results, (ii) the date of the release of the 2016 Annual Results and (iii) the date of despatch of the 2016 Annual Report.

Shareholders and potential investors should exercise caution when dealing in the shares of the Company.

By Order of the Board

Weiqiao Textile Company Limited* Zhang Jinglei

Executive Director and Company Secretary

21 March 2017 Shandong, the PRC

As at the date of this announcement, the Board comprises nine Directors, namely Ms. Zhang Hongxia, Ms. Zhao Suwen, Ms. Zhang Yanhong and Mr. Zhang Jinglei as executive Directors, Mr. Zhang Shiping and Ms. Zhao Suhua as non-executive Directors and Mr. Wang Naixin, Mr. Chen Shuwen and Mr. George Chan Wing Yau as independent non-executive Directors.

* For identification purpose only. The Company is registered in Hong Kong as a non-Hong Kong company under the English name "Weiqiao Textile Company Limited" and the Chinese name of the Company under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) .