Zhejiang Huafeng Spandex Co. Ltd. approved cash dividend of CNY 0.50000000 per 10 shares A shares (tax included) for 2014 at the AGM held on 20 May 2015. 10% withholding tax on cash dividend and bonus shares from profit will be deducted in CNY within the cash dividend receivable.

Tax on cash dividend per 10 shares is CNY 0.05000000 (10% x CNY 0.50000000). Tax on bonus shares from profit per 10 shares is CNY 0.05000000 (10% x CNY 1 (par value of the bonus shares) x 0.5000). Total tax amount per 10 shares is CNY 0.10000000 (CNY 0.05000000 plus CNY 0.05000000).

Net amount after tax per 10 shares is CNY 0.40000000 (CNY 0.50000000- CNY 0.10000000). The dividend will be payable on 01 June 2015 with record date of 29 May 2015. Ex-date is 01 June 2015.