Announcement: Shareholder with more than 5% Shares to Lift the Pledge

HeT recently received a letter from Xinjiang Guochuangheng Stock Investment Co., Ltd., a shareholder with more than 5% of HeT’s shares. Guochuangheng informed us about their application to lift the pledge to their shares. Details are below.

1. Shareholder’s Pledge Lift Information

   i. Shareholder’s pledge information 

      Note: Xinjiang Guochuangheng Stock Investment Co., Ltd. used to be Shenzhen Guangchuangheng Technology Development Co., Ltd. The change was finalized on September 6^th 2015. We published the change on September 11^th 2015.

  ii. The pledge lift information

On July 27^th 2015, Guochuangheng and Everbright Securities signed agreements to transfer the stock pledge for 15,000,000 shares for financing purposes. The trading began on July 27^th 2015 and buyback on January 25^th 2016. According to the agreement, Guochuangheng submitted all materials to lift the pledge for 15,000,000 shares (4.52% of all HeT’s shares) on July 27^th 2015.

  iii. Shareholder’s total pledge

By the date of this announcement, Guochuangheng owns 18,900,000 shares from HeT, accounting for 5.69% of all shares. The amount of shares with pledge status is 0.

2. Appendix

  i. Frozen Capital Details by China Securities Depositories and Clearing

End of announcement.

HeT