Stock Code: 000055, 200055                       Stock ID: Fangda Group, Fangda B
Announcement No. 2012-27

                      China Fangda Group Co., Ltd.
      Resolutions of the 11th Meeting of the 6th Term of Board
The members of the Board and the Company acknowledge being responsible for the
truthfulness, accuracy, and completeness of the announcement. Not any false
record, misleading statement or significant omission carried in this announcement.
The Board of Directors of China Fangda Group Co., Ltd. (the Company) served the
notices of convening the board meeting by facsimile and writing on June 24, 2012.
The 11th meeting of the 6th term of Board was held in term of telecommunication
voting on June 28, 2012. It was complying with the provisions of the Company Law
and the Articles of Association. The following proposals were examined and adopted
as resolutions with all seven votes in favor:
The proposal to alter the provider of guarantees to the fully-owned subsidiares
The Proposal of Providing Guarantee to the Fully-owned Subsidiaries was examined
and passed respectively at the 7th meeting of the 6th term of Board held on February
20, 2012 and the 1st Provisional Shareholders’ Meeting 2012 held on March 9, 2012.
The terms of “To provide RMB500 million of guarantee to Shenzhen Fangda
Decoration Engineering Co., Ltd. for the integrated credit from China Construction
Bank Shenzhen Branch with term of one year” and “To provide RMB250 million of
guarantee to Shenzhen Fangda Automatic System Co., Ltd. for the integrated credit
from China Construction Bank Shenzhen Branch with term of one year” in the
proposal are now amended to the followings to meet the practical need of business
development.
Shenzhen Fangda Decoration Engineering Co., Ltd. – one of the fully-owned
subsidiaries of the Company, is applying for the bank credit of RMB570 million from
China Construction Bank Shenzhen Branch with term as stipulated by the contrat. It
will be guaranteed by the Company and Fangda New Material (Jiangxi) Co., Ltd. –
one of the fully-owned subsidiaries of the Company, with the same term as stipulated
by the contract.
Shenzhen Fangda Automatic System Co., Ltd. – one of the fully-owned subsidiaries
of the Company, is applying for the bank credit of RMB250 million from China
Construction Bank Shenzhen Branch with term as stipulated by the contrat. It will be
guaranteed by the Company and Fangda New Material (Jiangxi) Co., Ltd. – one of the
fully-owned subsidiaries of the Company, with the same term as stipulated by the
contract.
The legal representative of the Company is authorized to handle the paper works and
signing of contracts regarding the above guarantee issues on behalf of the Company.
This proposal is subject to be examined by the shareholders’ meeting.
                                             The Board of Directors of
                                           China Fangda Group Co., Ltd.
                                                    June 30, 2012