Stock Code: 000055,200055      Stock ID: Fangda Group, Fangda B      Announcement No.
                                        2012-01

                         China Fangda Group Co., Ltd.
Announcement on Approving of Application for Issuing of Short
                      Term Bonds

The members of the Board and the Company acknowledge being responsible,
individually and jointly, for the truthfulness, accuracy, and completeness of the
announcement. There isn’t any false record, misleading statement or significant
omission carried in this announcement.


It was on December 10, 2010, the 1st provisional shareholders’ meeting 2010 of China Fangda
Group Co., Ltd. was held and on which the “Proposal to Apply to Issue Short Term Bonds” was
adopted. The related resolutions were announced by China Securities Journal, Shanghai Securities
Daily, Securities Times, Hong Kong Commercial Daily (English Version), and
www.cninfo.com.cn dated December 11, 2010. According to the resolutions of the shareholders’
meeting, the Company submitted the application to National Association of Financial Market
Institutional Investors (NAFMII).
Recently the Company received the “Acceptance Letter of Registration” (中市协注【2012】CP1
号) from NAFMII. As adopted at the 66th meeting of 2011 of NAFMII, the Company is approved
to issue RMB400 million of short-term bonds. This approval is effective within two years since
the notice was delivered, and China Industrial Bank Co., Ltd. is the main dealer of the bonds
issued. The bonds may be issued by several installments whenever the Company considers
appropriate but the first issue must be done within two months upon registration.




                                                 China Fangda Group Co., Ltd.
                                                     The Board of Directors
                                                            Jan 7 2012