The company and all members of the board of directors guarantee the authenticity, accuracy and completeness of the contents of the announcement, without any false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.

Chongqing Meixin Yishen Machinery Co., Ltd. (hereinafter referred to as "Company") held its first twenty-fourth meeting of the board of directors on March 16, 2018, and considered and adopted the "Annual Profit Distribution Plan of Chongqing Meixin Yishen Machinery Co., Ltd. for 2017". Relevant matters will now be announced as follows:

I. Profit Distribution Scheme

According to the annual report of 2017, the net profit realized by the company in 2017 is 42,052,464.98 yuan, the undistributed profit at the beginning of the year is 51,557,983.75 yuan, and the profit that the company can distribute to the shareholders in 2017 is 80,946,829.59 yuan.

The company intends to pay a dividend of 2.50 yuan (including tax) per 10 shares to the registered shareholders on the basis of the total capital stock on the registration day of the equity distribution. The individual income tax concerned is paid in accordance with relevant laws and regulations of the state.

Consideration and voting

The profit distribution plan of the company was considered and approved by the 24th Meeting of the first board of directors and the 8th meeting of the first board of supervisors on March 16, 2018. The bill still needs to be submitted to the annual shareholders'meeting in 2017 for consideration. The final plan is based on the results of the shareholders' meeting.

III. Backup Documents

(1) Resolution of the 24th Meeting of the First Board of Directors of Chongqing Meixin Yishen Machinery Co., Ltd.

(2) Resolution of the Eighth Meeting of the First Supervisory Board of Chongqing Meixin Yishen Machinery Co., Ltd.

I hereby announce.

Chongqing Meixin Yishen Machinery Co., Ltd.

Board of Directors

March 20, 2018