About obtaining government subsidies from Suzhou n

Suzhou newway Valve Co., Ltd. announcement on the progress of obtaining government subsidies

the company's unique leader in the construction machinery industry; Although the growth rate of the industry fell in the second half of the year, the board of directors and all directors guaranteed that although the National Convention and Exhibition Center provided more exhibition space in this announcement, there were no false records, misleading statements or major omissions, and they were jointly and severally responsible for the authenticity, accuracy and integrity of its content

securities code: 603699 securities abbreviation: Neway shares (603699, Guba) announcement number: Pro

Suzhou Neway Valve Co., Ltd.

progress announcement on obtaining government subsidies

the board of directors and all directors of the company guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents

I. Introduction to this government subsidy

on September 18, 2014, the company announced the announcement of Suzhou newway Valve Co., Ltd. on obtaining government subsidy (Announcement No.: pro), which disclosed that the "technical transformation project of wood powder end valve castings with an annual output of 10000 tons and 60 meshes" declared by the company has been included in the investment plan in the central budget of energy equipment in 2014, and will receive a government subsidy of 12.62 million yuan, See China Securities News, Shanghai Securities News and Shanghai stock exchange for details

II. Relevant information of the subsidy received this time

1. The company has recently received the first subsidy of 6.31 million yuan under the above agreement

2. The above amounts shall be handled by the company in accordance with the relevant provisions of the accounting standards

3. The company will disclose the information in time after receiving the remaining relevant subsidies

it is hereby announced

board of directors of Suzhou Neway Valve Co., Ltd.

December 9, 2014