Address by the Chairman of the Board

Fynex has gone through a lot over the past two decades. With the spirit of innovation and the courage to constantly forge ahead, we have turned the Fynex Textile into the provincial leader in the dyeing, finishing and export of knitting fabrics.

Looking back on the development of the Group, we can see how we have gone from a new company struggling for survival to a listed company in one of China's major traditional industries. We owe these accomplishments to the dedication of governmental leaders at all levels, the fantastic support of our customers and the diligent and unremitting efforts of all staff members. I would like to extend my sincere gratitude to you all. I hope that we can continue to rely on your support as we continue to develop.

At a time when we are facing new challenges and opportunities, the Fynex Textile will give full play to the cutting edge equipment, highly talented team, management systems and sound infrastructure that the company has developed over the years to further increase its competitiveness. With an intense will to be the best, Fynex will come to reach new heights, becoming a fully modernized large scale textile corporation with a fully developed industrial chain that integrates cotton spinning, knitting, dyeing, finishing and the sale of fabrics. This way we will be able to do more for our shareholders, customers, staff members and society as a whole.

Fynex Textile is looking forward to working with you in the creation of an even brighter future.