Jiangsu Wujiang China Oriental Silk Market Co., Ltd. (000301)

Jiangsu Wujiang China Oriental Silk Market Co., Ltd. (000301)

Jiangsu Wujiang China Oriental Silk Market Co., Ltd. is a listed company with silk and chemical fiber intermediate products as the leading products. The company is located in Shengze Town, the "hometown of silk", with an annual output of 25 million meters of real silk, accounting for 48% of the total silk output of Jiangsu Province and 20% of the national market. Its market share of high-grade computerized embroidery cloth is as high as 40%. The company's main products, real silk and spinning products, have maintained a high market share in China, and the export volume accounts for one sixth of the total export volume of the country. The company also owns Shengze thermal power plant and Oriental silk market, forming a development mode with textile industry as the main body and thermal power and urbanization service industry as the two wings. In September 2007, the company replaced its controlling shareholder with the silk group, realizing the successful transformation from a traditional textile production enterprise to a developer, operator and service provider of China's Eastern Silk Market and a comprehensive developer of the local textile industry.

Wujiang Silk Co., Ltd. is a joint-stock limited company jointly established by Jiangsu Wujiang Silk Group Co., Ltd. (hereinafter referred to as group company), Jiangsu Silk Group Co., Ltd., China National Silk Industry Corporation, China National Garment Corporation and Suzhou foreign development corporation with the approval of Jiangsu Provincial People's government's document No.71 [1998]. The company was established on July 16, 1998 with a registered capital of 313 million yuan and a business license number of 3200001104061. With the approval of No. 223 [1998] and No. 224 [1998] issued by China Securities Regulatory Commission, the company issued 200 million yuan of convertible corporate bonds in August 1998 and was listed in Shenzhen Stock Exchange on September 15, 1998. Approved by China Securities Regulatory Commission [2000] No. 35, the company issued 105 million RMB ordinary shares to the public in April 2000, and was listed on Shenzhen Stock Exchange on May 29, 2000. With the approval of zjfz [2002] No. 85 issued by China Securities Regulatory Commission, the company issued 800 million yuan of convertible corporate bonds on September 9, 2002, and was listed on Shenzhen Stock Exchange on September 24, 2002. The convertible bonds issued and listed by the company have been converted into 298609674 shares in total. According to the resolution of the first extraordinary general meeting of shareholders of the company in 2006, based on the total shares of 716609674 (par value of 1 yuan per share) at the close of the market on October 30, 2006, the company increased the capital stock by 7 shares for every 10 shares to all shareholders with the capital reserve, and the company increased the capital stock by 501.626771 million yuan. As of December 31, 2006, the total share capital of the company was changed to 1218236445 yuan.

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