On the afternoon of March 2nd, 2015, the 2nd interim shareholders meeting of Shanghai Feilo Co., Ltd. for 2015, was held at Shanghai Dazhong International Conference Center. There was a general meeting, along with onsite voting and online voting. Mr. Tu Guoshen, the Chairman presided over the meeting. Senior managers including Vice Chairman and President Mr. Zhou Xia, Vice President and CFO Mr. Wu Qiaomin, Vice President Mr. Wu Zhiming, Vice President Mr. Gao Zhenjiang, and Vice President and Board Secretary Mr. Fuxin were present at the meeting.

　　First, Mr. Tu Guoshen, the Chairman introduced senior managers who were present. This was the debut of all senior managers as Feilo had elected new directors, supervisors and senior managers. Mr. Fuxin then read out the topics to be discussed at the meeting.

　　Five resolutions including “Resolution on Modification of Articles of Association”, “Resolution on Modification of Business Scope”, “Resolution on Increasing Registered Capital”, “Resolution on Changing Accounting Firm”, and “Resolution on Independent Director Allowance” were passed with 99.9957% votes by shareholders present at the meeting. Investors showed great trust towards the new senior managers and had confidence in the company’s development.

　　After the above resolutions were passed, Feilo’s major businesses were the following: security system integration and operation, security software service, security product research and development, services related to technical development, data processing, investment and wealth management, etc. At the same time, Feilo’s registered capital increased from RMB755,043,154 to RMB1,283,020,992.

　　The successful Shareholders Meeting led to Feilo’s major business being transformed to security industry. Substantial change in listing company’s major business improved asset quality, and continuously enhanced profitability and independent operation abilities, thereby increasing shareholder returns.

　　Background：

　　In December 2014, CSRC approved China Security & Fire and Feilo’s restructure. According to the restructure plan, Feilo sold majority of its assets to INESA and non-associated third parties, and then acquired 100% shares in China Security & Fire held by Zhongheng Huizhi, and had a non-public issue of shares to Zhongheng Huizhi to finance the required capital. After this deal, China Security & Fire Technology Co., Ltd. was back-door listed.