Haining China Leather City, A Controlling Subsidiary, Zhengzhou Haining Leather City Co., Ltd. Has Announced The Announcement Of The Right To Use State-Owned Land.

Code: 002344 securities short: Haining Leather City (002344, stock bar) announcement number: 2014-040

Haining China Leather City Limited by Share Ltd

About holding subsidiary company of Zhengzhou Haining Leather City Co., Ltd.

Announcement on the right to use state-owned land

All members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the announcement, and are jointly and severally liable for false statements, misleading statements or major omissions in the announcement.

China Leather City Limited by Share Ltd (hereinafter referred to as "the company") received a report from the Zhengzhou Haining Leather City Co., Ltd. (hereinafter referred to as "Zhengzhou Haining company") in September 9, 2014. According to the resolution of the twenty-third meeting of the second board of directors of the company, Zhengzhou Haining company recently participated in the pfer of state-owned construction land use rights held by Zhongmu land and Resources Bureau of Zhengzhou city. At the price of RMB 188 million 157 thousand and 780, it won the right to use state-owned construction land as the land of 58 yuan of Mu Zheng [2014]. The Zhengzhou Haining company has received the confirmation of paction issued by the county land and Resources Bureau, and will sign the contract for the pfer of the right to use state-owned construction land with the county land and resources bureau according to the relevant requirements.

The details are hereby announced as follows:

1. The location of the block: Baoxing Lunnan, Zhongmu Ping Hua Road East, Wen channel West, Jinshui Avenue North auxiliary road north.

2.

Area: 104532.1 square meters;

3, the nature of land use: commerce;

4, the selling age: 40 years;

5, the main planning conditions: floor area ratio of less than 2.2, building density <45%;

6, paction price: RMB 188 million 157 thousand and 780 yuan.

The plot will be used for the construction of leather city project in Haining, Zhengzhou.

Notice hereby.

Haining China Leather City Limited by Share Ltd

Board of directors

September 10, 2014