Stock Code: 000530, 200530                                          Notice No: 2016-075
Short Form of the Stock: Daleng Gufen; Daleng B

                       Dalian Refrigeration Co., Ltd.
           Resolution of 10th Meeting of 7th Session of the Board

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.

I. Calling of the Board Meeting
1. The Notice on holding of the Board Meeting was served by written form on 19
October 2016.
2. The Board Meeting held at the scene dated 26 October 2016.
3. Nine Directors should present for voting and all of them are present actually.
4. The Meeting was presided over by Mr. Ji Zhijian, Chairman of the Board of the
Company.
5. The Meeting was regarded as abiding the relevant laws, administrative regulation,
department rules, normative documents as well as the Article of Association.

II. Deliberation of the Board Meeting
1. Quarterly report of the Company for the 3rd quarter of 2016
9 votes in favor; 0 vote objection; 0 vote waived.
2.Report on disposal of some financial assets held available for sale;
Agrees on the Company’s selling no more than three million Guotaijunan shares
through the trade system of Shanghai Securities Exchange in right time.
9 votes in favor; 0 vote objection; 0 vote waived.

III. Documents available for reference
1. Proposal of the Meeting with signature of attended directors and seal of the Board.

                                    Board of Directors of Dalian Refrigeration Co., Ltd
                                                        27 October 2016