Shenyang Machine Tool: Thawing of shares pledged by controlling shareholders

Shenyang Machine Tool received notice from Shenyang Machine Tool (Group) Co., Ltd., the controlling shareholder, and the 80.5 million shares (accounting for 14.76% of the company's total share capital) held by Shenyang Machine Group were already in Shenzhen, China Securities Depository and Clearing Corporation Limited. The company completed the procedures for the thawing of pledged shares.

Shen Machinery Group holds a total of 230,564,227 shares of the company, accounting for 42.27% of the company's total share capital. On April 2, 2009, Shenji Group pledged 11,441 shares of the company (accounting for 21.04% of the company's total share capital) to China Development Bank Co., Ltd. to be used for the company to the National Development Bank Co., Ltd. RMB 200 million long-term loans provided guarantees. After the pledge was thawed, 3,428 million shares (6.28% of the company’s total share capital) remained in a pledge frozen state and continued to be used for the company’s loan of RMB 200 million to Development Bank Co., Ltd. Long-term loans provide guarantees.