Stock Code: 000055,200055 Stock ID: Fangda A, Fangda B Announcement No. 2010-38 China Fangda Group Co., Ltd. Announcement on Acquiring of Land Using Rights Important Statement: The members of the Board and the Company acknowledge being responsible, individually and jointly, for the truthfulness, accuracy, and completeness of the announcement. Not any false record, misleading statement or significant omission carried in this announcement. At the 20th meeting of the 5th term of Board of Directors, the proposal of authorizing one of the subsidiaries to purchase the land using rights in Dongguan City and Shenzhen City was adopted. The pieces of land will be used to build a manufacturing base of the Company. The management of the Company was authorized to handle the legal procedures. On November 12, 2010, the subsidiary won in the bidding competition for the land using rights marked宗地编号2010T107号 in Dongguan City with price of RMB38.67 million. This land is located in the industrial town to the north of Songshan Lake of Dongguan. It covers 66666.67 square meters of area and was planned for industrial use for 50 years. The above is for the attention of the shareholders. China Fangda Group Co., Ltd. The Board of Directors November 16, 2010
