Stock ID: Fangda Group, Fangda B Stock Code: 000055, 200055 Announcement No. 2014-32



                  China Fangda Group Co., Ltd.
    Resolutions of the 3rd Meeting of the 7th Board of Directors

     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”

hereinafter) delivered the meeting circulars by means of written and fax notices on June

17, 2014. The 3rd meeting of the 7th Board of Directors was held in the meeting room of

the Company in the morning of June 21, 2014. The meeting was chaired by the

Chairman of the Board of Directors Mr. Xiong Jianming. Six out of the seven
directors attended the meeting. Mr. Xiong Jianming was absent due to his schedule
and appointed another director Mr. Wang Shengguo to excise his voting right at the
meeting. The appointment complies with the Company Law and Articles of
Association of the Company. The following proposals were approved with 7 votes in,
0 against and 0 waived:
     1. Proposal on setting up wholly-owned subsidiary Shenzhen Fangda New
Energy Co., Ltd.:
     To maintain the Company’s lead in energy-saving curtain wall and materials and
railway transport equipment industries, meet the development trend of energy saving
industries, and promote the development of emerging new energy technology
industries, the Company decides to invest RMB100 million to set up Shenzhen
Fangda New Energy Co., Ltd. to develop solar energy PV applications, PV building
integration and LED industry.
     The Announcement of Setting up Wholly-owned Subsidiary Shenzhen Fangda
New Energy Co., Ltd. is published on China Securities Journal, Shanghai Securities Daily,
Securities Times, HKCD and www.cninfo.com.cn on June 24, 2014.

     2. Proposal on changing the use of partial premises in Fangda Building
    To meet the Company’s development needs, the Company decides to change the
use of the 3rd floor of the Fangda Building (1,290.28m2) into self-use from lease.

     The above is for the attention of the shareholders.


                                                    China Fangda Group Co., Ltd.
                                                           Board of Directors
                                                              June 24, 2014