Stock Code: 000530; 200530 No.: 2016-052
Short Form of the Stock: Daleng Gufen; Daleng B
Dalian Refrigeration Co., Ltd.
Public Notice on Releasing of Conditional Shares
of Share Merger Reform
The Company and all directors of the Board of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are not any important omissions, fictitious statements or serious misleading carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completeness of the whole contents.
Important Notes:
● The conditional shares available for trading actually this time amounting to 19,213,921 shares, a5.33% in total shares of the Company.
● The date available for trading will be on July 22, 2016.
I. Summary of the Split-Share Reform
1. Summary of Consideration Plan
The shareholders of circulating A-shares of the Company, registered on the date of equity registration, should gained 3.0 shares from Dalian Bingshan Group for every 10 shares held. Other non-circulating shareholders of the Company, excluding Dalian Bingshan Group, consider being the shareholders of offering corporate shares without any consideration to shareholders of the Company with circulating A-shares. Meanwhile, shares no consideration from Dalian Bingshan Group.
2. Date and sessions of Shareholders General Meeting for Approving the Split-share Reform
On December 29, 2005, the Split-Share Reform has been approved by voting via relevant shareholders meeting of the Company.
3. Date of Implementation
January 9, 2006.
II. Commitments and its implementation made by holders of the conditional shares available for trading
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|-|-|-|-|
|No.|Name of theconditionalshareholders|Commitment and additional commitments|Implementation|
|1|Dalian BingshanGroup|The state-owned shares of Daleng held should not be listed or transferwithin 12 months after gaining the listing right in A-share market; afterthe term of previous commitment, should not be listed within 48months; propose the dividend distribution plan that from 2005 to 2007,the dividend should not less than 50% of the annual distributable profit,and make sure that the proposal must be approved by voting inshareholders’ general meeting; After the split-share reform, authorizedthe Board of Daleng to carry out and implemented the managementequity incentive and restriction system before June 30, 2016 incompliance with relevant national regulations.|Dalian BingshanGroup completelyperformed thecommitment in sharereform.|

III. Arrangement on the Listing of Conditional Shares
1. The date available for trading of conditional shares will be on July 22, 2016.
2. The conditional shares available for trading this time amounting to 28,820,881 shares, a4.81% in total shares of the Company.
3. Details of the conditional shares available for trading:
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|-|-|-|-|-|-|-|
|No.|Name of shareholder withconditional shares|Conditionalsharesheld( share)|Amount ofshares availablefor listing(share)|Listing shares intotal shares of theCompany (%)|Amount offreezestock(share)|Note|
|1|Dalian Bingshan Group|28,820,881|28,820,881|4.81%|0||
||Total|28,820,881|28,820,881|4.81%|0||

 IV. Particular about variation ofshareholders’ structure and shares held by shareholders
Variation ofshareholders’ structure before and after the releasing:
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|-|-|-|-|-|-|
|Type of shares|Before listing||Variationdata|After listing||
||Amount|Proportion||Amount|Proportion|
|I. conditional shares||||||
|3.Including: Domestic general legalperson’s shares|73,158,598|12.22%|-28,820,881|44,337,717|7.40%|

|||||||
|-|-|-|-|-|-|
|4.Domestic natural person’s share|25,550,224|4.27%||25,550,224|4.27%|
|Total of conditional shares|98,708,822|16.48%|-28,820,881|69,887,941|11.67%|
|II. Un-conditional shares||||||
|1.RMB common shares|327,683,736|54.72%|+28,820,881|356,504,617|59.53%|
|2. Domestically listed foreign shares|172,500,000|28.80%||172,500,000|28.80%|
|Total of un-conditional shares|500,183,736|83.52%|+28,820,881|529,004,617|88.33%|
|III. Total shares|598,892,558|100%||598,892,558|100%|

 V. Particular about variation of shares held and all previous releasing
1. Particular about shares held by released shareholders since the implementation of share reform.
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|-|-|-|-|-|-|-|-|-|
|No.|Name ofshareholderwithconditionalshares|Shares held at sharereform date||Released shares beforereleasing||Un-released sharesbefore releasing||Recordof thesharesvariation|
|||Amount(Share)|Proportionin totalshares (%)|Amount(Share)|Proportionin totalshares (%)|Amount(Share)|Proportionin totalshares (%)||
|1|DalianBingshanGroup|76,855,683|21.96%|57,641,762|16.47%|28,820,881|4.81%|Note 1|
||Total|76,855,683|21.96%|57,641,762|16.47%|28,820,881|4.81%||

Note 1: Dalian Bingshan group CO., LTD. (hereinafter referred to as the "Bingshan group") on non-circulate day holding company limited 76,855,683 shares with conditional shares, accounting for21.96% of the 350,014,975 shares at that time the company's total equity; On January 18, 2011 to lift limit to sell 57,641,762 shares, accounting for the company16.47% of the total of 350,014,975 shares, at that time, Bingshan group holding company limited 19,213,921 shares with conditional shares, accounting for5.49% of the 350,014,975 shares at that time the company's total equity; The Company were completed on March 25, 2015 granted restricted stock in 2016 and on May 3, 2015 completed annual profit distribution plan (5 shares for every 10 shares turn add capital accumulation fund), on June 20, 2016 completion of non-public class A shares, the company's total equity increased to 598,892,558
strands; Bingshan group holding company limited sale conditions the number of
shares with conditional shares is adjusting the annual profit distribution plan for 2015
to 28,820,881 shares, accounting for4.81% of the company's current total of 598,892,558 shares.
2. Particular about releasing since share reform.
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|-|-|-|-|-|
|No.|Published date of“Announcement of theListing of ConditionalShares”|Amount ofshareholdersinvolved|Total releasedshares (Share)|Proportion in totalshares (%)|
|1|January 6, 2007|27|30,278,000|8.65%|
|2|January 18, 2011|1|57,641,762|16.47%|

VI. Verification opinion and conclusive opinion from sponsor
Concerning the releasing of conditional shares of the Company, Guotai Junan Securities Co., Ltd. released a conclusive opinion by examining prudentially:
“Guotai Junan takes the opinions that the relevant shareholders of the Daleng completely implemented the commitments made in share reform. The conditionalshares’ listing application from the Board meets the requirements of “Guiding opinions on Split-share Reform of Listed Companies”, “Measures on Split-share Reform of Listed Companies” and “Implementation guiding on Split-share Reform of Listed Companies”.”
VII. Holding intention and reducing plan on releasing shares of controlling shareholder
If controlling shareholder of the Company plans to sale over5% shares within 6 months of being released via auction system of the Shenzhen Stock Exchange.
 Yes √ No
Controlling shareholder of the Company promised that: if the controlling shareholder plans to sale the released circulated shares of the Company via auction system of the Shenzhen Stock Exchange, and with over5% shares reduced within 6 months after being reducing at first time, the controlling shareholder should disclose the Sales Announcement via listed company within two trading days before reducing the shares at first time.
VIII. Other events
1. If the shareholders of conditional shares exits the particular about non-operational fund occupation of the Company.
 Yes √ No
guarantee towards the shareholders.
 Yes √ No
3. If the shareholders of conditional shares exits the violation behavior of shares trading.
 Yes √ No
4. Shareholders with over1% released shares have been acknowledging authorized and strictly in compliance with the “Securities Law”, “Measures on the Takeover of Listed Companies”, “Guiding Opinions on the ListedCompanies’ Transfer of Original Shares Released from Trading Restrictions” and other commitment documents of Shenzhen Stock Exchange concerns relevant regulations.
√ Yes  Inapplicable
IX. Documents for reference
1. Application Form of Releasing of Conditional Shares
2.Sponsor’s Verification
Board of Directors of Dalian Refrigeration Co., Ltd. July 22, 2016