Jing Yuan: Announcement of Endorsement Matters by the Company Pursuant to Article 25, Paragraph 1, Subparagraphs 2, 3, and 4 of the Regulations Governing Funds Lending and Endorsements/Guarantees by Publicly Issued Companies

1. Date of occurrence: 115/05/11 2. Endorsed/Guaranteed Company: (1) Company Name: BEST ELITE HOLDINGS LIMITED (2) Relationship with the endorsing/guaranteeing company: The Company's wholly-owned subsidiary. (3) Limit of endorsement/guarantee (thousand yuan): 5,097,809 (4) Original balance of endorsement/guarantee (thousand yuan): 1,519,680 (5) Amount of new endorsement/guarantee (thousand yuan): 949,800 (6) Balance of endorsement/guarantee as of the date of occurrence (thousand yuan): 2,469,480 (7) Actual amount utilized by the endorsed/guaranteed company (thousand yuan): 417,912 (8) Reason for new endorsement/guarantee: Overseas fund mobilization. 3. Collateral provided by the endorsed/guaranteed company: (1) Content: None (2) Value (thousand yuan): 0 4. Most recent financial statements of the endorsed/guaranteed company: (1) Capital (thousand yuan): 1,800,758 (2) Accumulated surplus/deficit amount (thousand yuan): 5,848,794 5. Conditions for release of endorsement/guarantee responsibility: (1) Conditions: Expiration of the bank financing limit of the endorsed/guaranteed company and full repayment of debt. (2) Date: Date of expiration of the bank financing limit of the endorsed/guaranteed company and full repayment of debt. 6. Total limit of endorsement/guarantee (thousand yuan): 10,195,617 7. As of the date of occurrence, balance of endorsement/guarantee (thousand yuan): 2,499,480 8. As of the date of occurrence, the ratio of the balance of endorsements/guarantees provided by A to the net worth of the publicly issued company in its most recent financial statements: 24.52 9. As of the date of occurrence, the ratio of the sum of balances of endorsements/guarantees, long-term investments, and fund lending to the net worth of the publicly issued company in its most recent financial statements: 63.38 10. Other matters to be stated: None Keywords: Material Information