Hong Kong Exclwnges and C /earing Limited and Tlie Stock Excliange oj Hong Kong Limited take no responsibility for tlie contents of this announcement, make 110 representation as lo its accuracy or completeness and e.pressly disc/aim any liability wlwtsoeverjor any /oss liowsoever arisingjrom or in reliance lfJJ011 t Ile who/e or any pari of tIle conteni·.of tliis mmow1cement.

CHTC FONG'S INDUSTRIES COMPANY LIMITED

i's7(JI{i§I lf0

(Incorporated in Bermuda with limited liabili ty) (Stock Code: 641)

APPOINTMENT OF EXECUTIVE DIRECTOR

The Boarcl is pleasecl to announce that Mr. Shi Tinghong has been appointecl as an

Executive Director ofthe Company with effect from 28 January 2014.

The boarcl of clirectors (the "Bom·cl") of CHTC Fong's Inclustries Company Limitecl (the "Company") is pleasecl to am1mmce that Mr. Shi Tinghong ("Mr. Shi") has been appointecl as an Executive Director ofthe Company with effect from 28 January 2014.

Mr. Shi, agecl 51, grad uateci from Shenyang Gold Professional School (Wf4

) specializing in mechanical engineering i n 1982 and was awarcled a Master of Business Administration degree from Tsinghua University (i'::k ) in 2008. Mr. Shi holds the titles of Engineer, Senior Economist and Senior Infonnation Manager. From

1992 onward, Mr. Shi had assumecl various offices including chairman of Handan Hongda Chemical Fibre Machinery Company Limited (m5117f! t::k1tJIx·mM'Ni i§J ), director and generai manager of Honda Chemical Fibre Technological Equipment Company Limitec! (Jl;:::k1tr :JXf;lèj {jffl .Ni1§']), the assistant to general manager and a

director of Strategy Management Department of China Textile Machinery (Group) Company Limited ($*hm (Il!) f-1,&01§'] ), and a director of Strategy

Management Department of China Hi-Tech Group Corporation (9=' 11[7( 11!1'i.&0

1§']), the controlling shareholder of the Company. Ctmently, Mr. Shi is the secretary to the boarcl of directors of China Hi-Tech Group Corporation (9='11l7( Wl!#!1.&0PJ) responsible for the establislunent of corporate governance system of the group companies and its operation, assisting the chairman to manage the audit and risk management functions ancl assisting the president in the strategy management and investment management. From June 2005, Mr. Shi has been an executive director of Jingwei Textile

Machinery Company Limited, a company listecl on The Stock Exchange of Hong Kong Limited, H-share stock code: 00350 and on the Shenzhen Stock Exchange, A-share stock code: 00666. Mr. Shi has extensive experience in cm·porate governance, business strategy

management, investment management, risk management, operation management as well as in-depth knowledge in the textile machinery industry and the technical research and development.

There is no service contract entered into between Mr. Shi and the Company. Mr. Shi shall holcl office unti! the forthcoming ammal generai meeting of the Company and shall be eligible for re-election at the meeting, and thereafter will be subject to retirement by rotation and re-election at atmual generai meetings of the Company in accordance with the Bye-Laws of the Company. Mr. Shi does not hold any other positions with the Company or any of its subsidiaries at the date hereof.

Save as disclosed above, Mr. Shi did not hold any directorship in any other public companies of which the securities are listed on any securities markets in Hong Kong or overseas in the last three years prior to the date of this announcement. Save as disclosed above, Mr. Shi does not have any relationship with any directors, senior management and substantial or controlling shareholders (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company. As at the date of this announcement, Mr. Shi does not have any interest in shares of the Company which is required to be disclosed under XV of the Securities and Futures Ordinance (Chapter 571 ofthe Laws ofHong Kong).
Save as clisclosed above, there is no infonnation relating to Mr. Shi that is required to be disclosed pursuant to paragraphs (h) to (v) ofRules 13.51(2) ofthe Listing Rules nor are there other matters that need to be brought to the attention of the shareholders of the Company in respect ofMr. Shi's appointment.

The Board would like to take this opportunity to welcome Mr. Shi for joining the Board.

On behalf of the Boarcl

CHTC Fong's Industries Company Limited

He Fengxian

Chairman

Hong Kong, 29 January 2014

As al the date of this mmouncement, our Chairman and Executive Director is 111s. He Fengxian; Oltr Vice-Ciwirman and Non-executive Director is lvh: Jé Maoxin; ottr other Executive Directors are M1: Ji Xin (Chief Executive Offìcer), Mi: Shi Tinghong, 1111: Wan Tf'cli Yung and 1111: Fong Kwok Leung, Kevin; and our Independent Non-executive Directors are ivh: Zlwu Yucheng, 1111: Ying Wei, D1: Yuen Ming Fai and D1: Keung Wing Ching.

2

distributed by