The Board of Directors and all directors ensure that this announcement does not contain any false, misleading statements or material omissions, and severally and jointly accept responsibility for its truthfulness, accuracy and completeness.
On June 29, 2015, Shanghai Feilo Acoustics Co., Ltd (hereinafter: company) held The Annual Shareholders Meeting 2014 which reviewed and passed The Bill on Company’s Application for Issue of Medium-term Notes. The meeting agreed on MTN application includes but not over 800 million RMB through Chinese Interbank Market Dealers Association.
On September 18, 2015, the Chinese Interbank Market Dealers Association held the 65th registration meeting of 2015 which decided to accept our registration of medium-term notes.
February 23-24, 2016, company had issued the 1st phase of medium-term notes which amounts to RMB 200 million with 3-year period.
According to the financial market conditions and provisions of Debt Financing Tool Regulation for Non-financial Enterprises under Interbank Bond Market, company intends to issue the 2nd phase of medium-term notes 2016 (hereinafter "this phase"), and this phase will be officially issued on April 18-19, 2016 among interbank markets which amounts to 600 million RMB with 3-year period.
This phase is detailly published in the issue documents at Chinese currency network (www.chinamoney.com.CN) and China bond information network (www.chinabond.com.CN)
The company will timely disclose issue situation in accordance with the law and regulations.
Shanghai Feilo Acoustics Co., Ltd
The Board of Directors
April 13, 2016