Event: on March 25, 2013, Rain Foods announced that it had granted a total of 5960 million new common stock rights to some directors and staff, and the executive title was HKD 5.142.

5960 shares correspond to 3.3 per cent of the total share capital. Of these rights, 2750 million shares were granted to executive directors, of which Chairman Mr. Yu Zhangyue and CEO Mr. Li Shibao were granted 1000 million and 7.5 million shares respectively. The performance of HK $5.142 is 2.2% higher than that of the previous stock market. The term of validity of the share ownership right shall be ten years from the date of grant, but it can only be exercised in accordance with the lease period and table title established by the Company.

Manage the positive signalling of "promoting the company". As we mentioned earlier in the annual report, we are optimistic about the restructuring of the new management staff and its improved performance. The new manager, led by Yu Zhangyi and Mr. Li Shibao, took office in July 2012. The new management staff is committed to continuing to improve the business of the company, including better communication with the local market, and the focus of business has shifted from the stimulated market to the increase of gross profit margin. Therefore, I think that the stock rights plan supports our positive points, because we believe that this further demonstrates the confidence of the new management in the company. We maintain and increase the level and believe that rainy food as a consumer will benefit from the continued integration of the slaughtering industry.