1.Date of occurrence of the event: August 10^th, 2018

2.Company name: JiangSu Bright Steel Fine Machinery Co, Limited.

3.Relationship to the Company (please enter "head office" or

  "subsidiaries"): Subsidiary

4.Reciprocal shareholding ratios: N/A.

5.Cause of occurrence:

Foundry of YGB is moving due to Liyang Government City plan.

6.Countermeasures: 

So far is on the conversation with local government, new location is planed to be in the same city, moving plan will be seperated in two stages, no impact to production capacity, and expected within 3 years after compensation talk with local government. 

7.Any other matters that need to be specified: formal informations will be announced after compensation contract is done according to "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" .