Stock Code: 000530, 200530                                      Notice No: 2019-025
Short Form of the Stock: Daleng Gufen; Daleng B

                          Dalian Refrigeration Co., Ltd.
                         Announcement of Director Resign

Dalian Refrigeration Co., Ltd. (the “Company”) and its whole members of Board of
Directors ensure that the public notice is real, accurate and complete, and there are
no any important omissions, fictitious statements or serious misleading carried in this
notice.

Board of Directors of Dalian Refrigeration Co., Ltd. (the “Company”) received the
resignations in written from Director Mr. Takagi Toshiyuki and Mr. Watabe Shinichi
on 8 May 2019.
Due to job changes, Mr. Takagi Toshiyuki and Mr. Watabe Shinichi asked to step
down Director of the 8th session of the Board. After resigning, they will no longer
hold any position in the Company.
In line with relevant regulation of “Company Law” and “Article of Association”,
members of the Board are not less than the statutory minimum due to resignation of
Mr. Takagi Toshiyuki and Mr. Watabe Shinichi and the resignations go into effect
from the date of such resignation delivers to the Board.
Board of the Company sincerely thanks for Mr. Takagi Toshiyuki and Mr. Watabe
Shinichi in their term of office, and by-election for the directors will complete as soon
as possible under the legal procedure.
Up to the date for this notice released, Mr. Takagi Toshiyuki and Mr. Watabe Shinichi
held no share of the Company.
Hereby notify.

                                            Board of Directors of
                                         Dalian Refrigeration Co., Ltd.
                                                9 May 2019