Stock Code: 000530, 200530 Short Form of the Stock: Daleng Gufen, Daleng B No: 2017-026


                 Dalian Refrigeration Co., Ltd.
        Public Notice on Resolutions of the 14th Meeting of
                    the 7th Board of Directors

Dalian Refrigeration Co., Ltd. and all members of its Board of Directors hereby confirm that
there are no any important omissions, fictitious statements or serious misleading carried in this
notice, and shall be jointly and severally liable for the reality, accuracy and completeness of the
whole contents.


Please be advised that the 14th meeting of the 7th Board of Directors of Dalian Refrigeration Co.,
Ltd. (hereinafter referred to as the Company) was held by communication vote dated May 12,
2017. The notice on this meeting was sent out in written form on May 4, 2017. 5 persons should
attend the meeting, and actually 5 persons attended. The following resolution was examined and
adopted in the meeting:
I. Report on unlocking items about the second unlock period for the 2015 Restricted Stock
Incentive Plan of the Company
Confirmed by the board of directors, the unlock condition to the second unlock period for the
2015 Restricted Stock Incentive Plan of the Company has been achieved. The Company will
handle the related unlock issue according to the Restricted Stock Incentive Plan Draft and the
authority by the 1st Extraordinary Shareholders’ General Meeting of 2015. There were 41 incentive
object who met the unlock condition to the second unlock period for the 2015 Restricted Stock
Incentive Plan of the Company. The quantity of restricted stock which met the unlock condition
were 6,090,000 shares, amount to 0.995% of the total shares of the Company.
The above unlock issue should be handled by the relevant department of the Company, and the
unlock arrangement would be announced separately.
Independent directors and Board of supervisors air opinions for the above unlock issue. Liaoning
Huaxia Lawyers’ Firm issued a legal opinion paper, and Shanghai Realize Investment Consulting
Co., Ltd. Issued a independent financial consultant report.
For details, see http://www.cninfo.com.cn.
Directors of the Company, Mr. Ji Zhijian, Mrs. Xu Junrao, Mr. Liu Kai, and Mr. Ding Jie were
related directors due to incentive object, and conducted obviation in examining the above matters.
With 5 votes for, 0 vote against and 0 vote as abstention.
I I. Documents available for reference
1. Proposal of the Meeting with signature of attended directors and seal of the Board;
2. Opinions from independent directors.


                                                       Board of Directors of
                                                    Dalian Refrigeration Co., Ltd.
                                                             May 13, 2017