Zhejiang Busen Clothing Limited By Share Ltd Initial Public Offering Listing Notice

(No. 419 Busen Avenue, Feng Qiao Town, Zhuji, Zhejiang)

Section 1 important statements and prompts

Zhejiang Busen apparel Limited by Share Ltd (hereinafter referred to as "company", "company", "issuer"), and all directors, supervisors and senior managers ensure the authenticity, accuracy and completeness of the announcement of the listing. There is no false record, misleading statement or major omission in the announcement of the listing, and assume individual and joint legal liabilities.

The opinions of the Shenzhen stock exchange and other government agencies on the listing and related matters of the company do not indicate any guarantee for the company.

The company has committed itself to follow the SME board within three months after the listing of the company's shares.

We remind investors that the contents of the prospectus are not available. Investors are requested to refer to the full text of the prospectus for A shares issued by http:// www.cninfo.com.cn.

Arrangements for the sale of shares held by shareholders before the issue,

1. Shareholders of the company

2, the company actually controls the life family members Chen Nengen, Shou Cai Feng, Chen Jianfei, Chen Jianguo, Wang Jianjun, Chen Zhijun, Chen Zhiyu, Wang Jianxia, Wang Jianxia, Shou Neng Feng, Hsin, and promise: within thirty-six months from the date of the listing of the company's stock on the stock exchange, it does not pfer or entrust others to manage the shares of the issuer directly or indirectly held before the issue, nor does it repurchase the shares directly or indirectly held by the issuer.

3, the company's shareholders, Zhuji Mei Bang Knitting Co., Ltd. (hereinafter referred to as "Smith Barney"), Xuan Mengyan, Chen Chaoshui, Gao Yonghong, Wang Gang, Wang Peiqing and Yuan Jianjun promise not to pfer or entrust others to manage the shares held by the issuer before the issuance of the company's stock market within twelve months from the date of the listing of the company's stock, nor will the issuer buy back the shares held by him.

4, the directors, supervisors and senior managers of the company promise that the shares pferred every year during their tenure shall not exceed twenty-five percent of the total shares of the company they hold; if the company's shares are not pferred within half a year after leaving the office, the number of shares sold by the listed companies on the stock exchanges shall not exceed 50% of the total number of shares held by the listed companies in the twelve months after the six month's departure.

The second section is on the stock market.

I. approval of the issuance and listing of shares of the company

The listing notice is based on the laws and regulations of the People's Republic of China company law, the People's Republic of China securities law, the IPO and Listing Rules of the Shenzhen Stock Exchange (revised in 2008) and other relevant laws and regulations, and is compiled in accordance with the guidelines and contents of the Shenzhen Stock Exchange listing notice (revised in September 2009), which aims to provide investors with basic information about the IPO listing of the company's initial public offering.

Approved by the China Securities Regulatory Commission (CSRC) "SFC license No. [2011]415", the company issues no more than 23 million 340 thousand shares of common stock.

According to the preliminary inquiry results, the number of this issue is 23 million 340 thousand shares.

This issue uses the way of placing inquiries on the placing of shares under the net, and distributing the price to the public investors on the Internet. Among them, 4 million 600 thousand shares are allotment under the net, and 18 million 740 thousand shares are issued on the Internet, and the issue price is 16.88 yuan / share.

Via Shenzhen

The prospectus, prospectus and related documents can be inquired at the http://www.cninfo.com.cn website. The disclosure of the prospectus and prospectus is less than one month ago. Therefore, the contents of the prospectus will not be restated.

Two, general situation of company stock listing

1, listing place: Shenzhen Stock Exchange

2, time to market: April 12, 2011

3, stock abbreviation:

4, stock code: 002569

5. Total share capital after initial public offering: 93 million 340 thousand shares

6. Increase in initial public offerings: 23 million 340 thousand shares

7, the circulation limit and duration of shares held by the shareholders before issuance: according to the relevant provisions of the company law, the shares issued before the company's public offering of shares shall not be pferred within one year from the date when the company's shares are listed and traded on the stock exchange.

8, the pre issuance shareholder's commitment to voluntary lock up of the shares: (see the important statement in Section 1 and the commitment of the shareholders to voluntarily lock the shares held).

9, other locking arrangements for the listed shares:

The 4 million 600 thousand shares issued to the placing objects in the public offering are locked up for three months from the date of the listing and trading of the online fund purchase and purchase on the Shenzhen stock exchange.

10. The shares that are free of circulation and lock up are listed:

In the public offering, there are no circulation restrictions and locking arrangements for the 18 million 740 thousand shares issued online, and have been traded since April 12, 2011.

11, the company's shares can be listed on the paction date:

12. Stock registration institution: China Securities Depository and Clearing Co., Ltd., Shenzhen branch.

13. Listed sponsor: First Venture Securities Co., Ltd.

Third section issuers, shareholders and actual controllers

1. The basic situation of the company

1. Registered Chinese and English names:

Zhejiang Busen apparel Limited by Share Ltd

English Name: ZHEJIANG BUSEN GARMENTS CO., LTD.

2. Registered capital: 70 million yuan (before this issue).

93 million 340 thousand yuan (after the issue).

3. Legal representative: Chen Jianfei

4. Company registration address: No. 419 Busen Avenue, Zhuji, Zhejiang.

5, zip code: 311811

6, business scope: clothing, clothing, knitwear, leather products production, marketing, import and export business.

7, the company's main business: "Busen" brand men's design, production and sales.

8, industry: clothing and other fiber products manufacturing industry (Code: C13)

9, contact number: 0575-87047953

10, fax number: 0575-87047759

11, Internet site: www.busen.com.cn

12, e-mail: bsgf@busen-group.com

13, Secretary of the board: Shou Lei

Two. Directors, supervisors, senior managers and their holdings of company stock.

Three. The situation of controlling shareholders and actual controllers.

(1) the situation of controlling shareholders

1. Basic situation of controlling shareholders

The controlling shareholder of the issuer is Busen group, holding 59.5457% of the company's shares after the issue. Its basic situation is as follows:

Note: the financial data in the above table are audited by Zhuji Tianyang certified public accountants Company Limited.

2. Other investment situations of controlling shareholders

At present, Busen group holds directly or indirectly the shareholding of 15 companies such as Zhuji Busen Real Estate Development Co., Ltd. in addition to holding shares of the company. The specific investment is as follows:

For details of other enterprises invested by controlling shareholders, please refer to the prospectus "fifth - six, issuer subsidiary, branch company", "fifth quarter - seven - (three) -1, other enterprises controlled by the controlling shareholder of the issuer", and "seventh quarter two - (eight)" other related parties.

(two) actual controller situation

1. The basic situation of the actual controller

The actual controller of the issuer is Shou family of Shou Cai Feng, Chen Jianfei, Chen Jianguo, Chen Nengen, Chen Zhiyu, Chen Zhijun, Wang Jianxia, Wang Jianjun, Wang Jianjun, Hui, Shou, Feng, and 12.

The family relations of the above 12 people are as follows: Shou Cai Feng is the mother of Chen Jianfei and Chen Jianguo, Chen Nengen is the father of Chen Zhiyu and Chen Zhi jun, Wang Jianxia, Wang Jianjun and Wang Jianli are brothers and sisters; he is a spouse; he is the father of Shou Lei, and Shou, Xiao Feng and Yu, Feng, and Shou Feng Feng are brothers and sisters.

Shou family members, including Shou Cai Feng, Chen Jianfei, Chen Jianguo, Chen Nengen, Chen Zhiyu, Chen Zhijun, Wang Jianxia, Wang Jianjun, Wang Jianjun, Shou Fung Feng and 11, hold 88.63% of the shareholding of Busen group, the controlling shareholder of the issuer, and 55 million 580 thousand shares of the issuer through Busen group. Shou Sheng Feng and member of the Shou family members hold 59.06% of the issuer's investment, and control the 6 million 650 thousand shares of the issuer through the investment.

The Shou family controls 63 million 630 thousand shares of the issuer, accounting for 68.17% of the total share capital issued.

Shou Cai Feng, Chinese nationality, has no permanent residence abroad. His identity card number is 33062519451005XXXX, and his residence is maple bridge town, Zhuji City, Zhejiang province.

Chen Jianfei, Chinese nationality, has no permanent residence abroad. His identity card number is 33010619650105XXXX, and his residence is Shangcheng District, Hangzhou.

Chen Jianguo, Chinese nationality, has no permanent residence abroad. His identity card number is 33901119620627XXXX, and his residence is maple bridge town, Zhuji City, Zhejiang province.

Chen Nengen, Chinese nationality, has no permanent residence abroad. His identity card number is 33901119490809XXXX, and his residence is Tong Shan town, Zhuji City, Zhejiang province.

Chen Zhiyu, Chinese nationality, has no permanent residence abroad. His identity card number is 33062519721220XXXX, and her residence is Jiyang street, Zhuji, Zhejiang.

Chen Zhijun, Chinese nationality, has no permanent residence abroad. His identity card number is 33901119740930XXXX, and her residence is Jiyang street, Zhuji, Zhejiang.

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Wang Jianxia, Chinese nationality, has no permanent residence abroad. His identity card number is 33901119640806XXXX, and his residence is maple bridge town, Zhuji City, Zhejiang province.

Wang Jianjun, Chinese nationality, has no permanent residence abroad. His identity card number is 33062519700403XXXX, and her residence is Jiyang street, Zhuji, Zhejiang.

Wang Jianli, Chinese nationality, has no permanent residence abroad. His identity card number is 33901119731221XXXX, and his residence is the East Street of Zhuji, Zhejiang.

Wu Yongjie, Chinese nationality, has no permanent residence abroad. His identity card number is 34242619690512XXXX and his residence is Qingyang South Road, Shushan District, Hefei City, Anhui province.

Shou can Feng, Chinese nationality, has no permanent residence abroad. The identity card number is 33090219390325XXXX. The residence is Chengdong District, Dinghai District, Zhoushan City, Zhejiang province.

Shou Helei, Chinese nationality, has no permanent residence abroad. His identity card number is 34010419680114XXXX, and his residence is the East Street of Zhuji, Zhejiang.

2. Actual controller's other investment situation

In addition to owning Busen group and issuers, as well as holding shares of the two companies, the Shou family owns a 59.06% stake in Dassault investment and a 79.77% stake in Hongkong Heiya Trading Co., Ltd.

Please refer to the prospectus "section fifth - seven - - (three) -2, other companies controlled by actual controllers" for details of the investment of Hongkong and the company.

Four. The first ten shareholders of the company hold shares in the company.

After the public offering, the total number of shareholders of the company was 32720, of which the top ten shareholders were as follows:

The fourth section of stock issue

First, the number of issued shares: 23 million 340 thousand shares, of which, the number of placing shares under the net to the placing objects is 4 million 600 thousand shares, accounting for 19.71% of the total issued; the number of shares issued to the public investors online is 18 million 740 thousand shares, accounting for 80.29% of the total issued.

Two, issue price: 16.88 yuan / share, corresponding price earnings ratio is:

(1) 37.81 times earnings per share in accordance with the audited accounting firm of 2010, the net profit before and after the non recurring gains and losses divided by the total share capital after the issuance.

(2) 28.36 times earnings per share in accordance with the audited accounting firm of 2010, the net profit before and after the non recurring gains and losses is divided by the total share capital before the issue.

Three, the way of distribution: this issue is based on the way of placing inquiries on the placing objects under the network, and distributing the pricing to the public investors online.

Among them, the number of placing the stock under the net to the placing object is 4 million 600 thousand shares, the number of effective purchase is 164 million 680 thousand shares, the effective rate of purchase is 2.793296%, the subscription multiplier is 35.8 times, the number of shares issued online is 18 million 740 thousand shares, the winning rate is 0.6673438628%, and the oversubscription multiplier is 150 times.

Four, the total amount of raised funds: 393 million 979 thousand and 200 yuan.

Five, the total issue cost is 33 million 157 thousand and 300 yuan. The details are as follows:

The issuing cost per share is 1.42 yuan (the issue cost per share = the total issue cost / the number of shares issued).

Six. Net proceeds: 360 million 821 thousand and 900 yuan.

Lixin certified public accountants Co., Ltd., in April 6, 2011, examined the funding of the issuers' initial public offerings, and issued a letter of approval, [2011] 11748th, capital verification report.

Seven. Net assets per share after issue: 6.07 yuan / share (calculated on the basis of 31 December 2010 auditor's ownership of parent company plus the net proceeds of the issue divided by total capital stock after issue).

Eight, earnings per share after issuing: 0.45 yuan / share (calculated by the audited deduction of net profit before and after the non recurring gains and losses in 2010) divided by the total share capital after the issuance.

Fifth other important matters

1. The company has promised to the Shenzhen stock exchange that it will strictly comply with the relevant rules of the SME board and complete the relevant rules and regulations of the articles of association as soon as possible within three months after the listing.

Two. Since the publication of the prospectus of initial public offering prospectus to the public announcement of the listing in March 22, 2011, there has not been any important matter that may have a greater impact on the company.

(1) the company strictly operates in accordance with the requirements of the company law and the securities law, and operates normally. The main business development goals are progressing normally.

(two) no significant changes have taken place in the industry or market of the company.

(three) no significant changes have taken place in the purchase price of raw materials and product prices.

(four) there is no significant related pactions in the company, and the funds are not occupied by the parties concerned.

(five) there is no significant investment behavior.

(six) no significant asset (or equity) purchase, sale or replacement occurred.

(seven) no change in the company's domicile;

(eight) no changes have taken place in the directors, supervisors, senior managers and core technicians of the company.

(nine) no major litigation or arbitration matters occurred in the company.

(ten) there is no external guarantee and other contingencies.

(eleven) no significant changes have taken place in the company's financial and operating results.

(twelve) there are no other major matters to be disclosed by the company.

The sixth section sponsors listed on the market and their opinions

I. listing sponsor institutions

1. Sponsor (lead underwriter): First Venture Securities Co., Ltd.

2. Legal representative: Liu Xuemin

3, residence: 25 and 26 floors of block B, China Times Square, 12 Sungang Road, Luohu District, Shenzhen.

4, telephone: 0755-25832512

5, fax: 0755-25831718

6. Sponsor representative: Ji Qiang and Wang Yong

7. Project Coordinator: Yang Ming

8. Project Manager: Suo Wei, Wei Ran, Liu Lijun, Wang Chao, Li Hongxia

Two. Recommendation of listed sponsor institutions

Listed sponsor first pioneering Securities Co., Ltd. (hereinafter referred to as "first venture securities") has issued the first venture securities limited liability company's recommendation on the listing of Busen clothing Limited by Share Ltd stock in Shenzhen on the stock exchange of Zhejiang.

The first pioneering Securities believes that the application of Busen shares for listing is in accordance with the relevant provisions of the laws and regulations of the People's Republic of China company law, the People's Republic of China securities law and the Shenzhen Stock Exchange Listing Rules. Busen shares have the conditions for listing on the Shenzhen stock exchange. The first venture securities are willing to sponsor the shares of Busen shares to be traded on the Shenzhen stock exchange and bear the relevant sponsor responsibilities.

Issuer: Zhejiang Busen apparel Limited by Share Ltd

April 8, 2011

project

Number of shares held (shares)

Share of total capital after issue (%)

Time to be listed (postponed for non trading days)

Shares issued

Busen group

Fifty-five million five hundred and eighty thousand

Fifty-nine point five four five seven

April 12, 2014

Da Sen investment

Six million six hundred and fifty thousand

Seven point one two four five

April 12, 2014

American knitting

Three million four hundred and thirty thousand

Three point six seven four seven

April 12, 2012

Wu Yong Jie

One million and four hundred thousand

One point four nine nine nine

April 12, 2014

Xing Meng Yan

One million and four hundred thousand

One point four nine nine nine

April 12, 2012

Chen Chao Shui

Three hundred and fifty thousand

Zero point three seven five zero

April 12, 2012

Gao Yong Hong

Three hundred and fifty thousand

Zero point three seven five zero

April 12, 2012

Wang Gang

Two hundred and eighty thousand

Zero point three Zero Zero Zero

April 12, 2012

Pei Qing Wang

Two hundred and eighty thousand

Zero point three Zero Zero Zero

April 12, 2012

Jian Jun yuan

Two hundred and eighty thousand

Zero point three Zero Zero Zero

April 12, 2012

Subtotal

Seventy million

Seventy-four point nine nine four seven

-

Shares issued

Inquiry under the net issue of shares

Four million and six hundred thousand

Four point nine two eight two

July 12, 2011 {page_break}

Online pricing issue shares

Eighteen million seven hundred and forty thousand

Twenty point zero seven seven one

April 12, 2011

Subtotal

Twenty-three million three hundred and forty thousand

Twenty-five Point Zero Zero Five three

-

Total

Ninety-three million three hundred and forty thousand

One hundred

-

Serial number

Full name

post

Tenure period

Direct shareholding quantity (shares)

Indirect Holdings (shares)

Percentage after issuance (%)

One

Chen Jian Fei

Chairman

July 2008 - July 2011

-

Six million five hundred and eighty-six thousand two hundred and thirty

Seven point zero five six two

Two

Jian Jun Wang

Director and general manager

July 2008 - July 2011

-

Five million nine hundred and fifty-two thousand six hundred and eighteen

Six point three seven seven three

Three

Chen n en

Director

July 2008 - July 2011

-

Six million five hundred and twelve thousand two hundred and forty

Six point nine seven six nine

Four

Ma Li Wei

Director

July 2008 - July 2011

-

One hundred and seventy-four thousand eight hundred and ninety-five

Zero point one eight seven four

Five

Wang Ling

Director

July 2008 - July 2011

-

Three million and eighty-seven thousand

Three point three zero seven three

Six

Wu Yong Jie

Director and Deputy General Manager

July 2008 - July 2011

One million and four hundred thousand

-

One point four nine nine nine

Seven

Jiang Heng Jie

Independent director

July 2008 - July 2011

-

-

-

Eight

Constitution

Independent director

July 2008 - July 2011

-

-

-

Nine

Pan Ya LAN

Independent director

July 2008 - July 2011

-

-

-

Ten

Wang Jian Li

supervisory board chairman

July 2008 - July 2011

-

Two million three hundred and seventeen thousand six hundred and eighty-six

Two point four eight three one

Eleven

Yuan Hua Yun

Supervisor

July 2008 - July 2011

-

One hundred and five thousand and seventy

Zero point one one two six

Twelve

Yang Hong

Supervisor

July 2008 - July 2011

-

-

-

Thirteen

Wang Jian Xia

Vice General Manager

July 2008 to date

-

Six million eight hundred and eighty-six thousand three hundred and sixty-two

Seven point three seven seven seven

Fourteen

Hu Qiang

Vice General Manager

July 2008 to date

-

One hundred and five thousand and seventy

Zero point one one two six

Fifteen

Huang Le Ying

Vice General Manager

July 2008 to date

-

One million two hundred and sixty-one thousand six hundred and sixty-six

One point three five one seven

Sixteen

Wang Gang

Vice General Manager

July 2008 to date

Two hundred and eighty thousand

-

Zero point three Zero Zero Zero

Seventeen

Jian Jun yuan

Chief financial officer

July 2008 to date

Two hundred and eighty thousand

-

Zero point three Zero Zero Zero

Eighteen

Birthday crane

Secretary of the board

July 2008 to date

-

One million nine hundred and eighty-four thousand two hundred and six

Two point one two five eight

Corporate name:

Busen Group Limited

Registration number:

Three hundred and thirty trillion and six hundred and eighty-one billion twenty-nine thousand three hundred and fifty-seven

Establishment time:

November 29, 1993

Registered capital:

66 million 680 thousand yuan

Paid up capital:

66 million 680 thousand yuan

Legal representative:

Chen Jian Fei

Place of registration:

Feng Bei Road, maple bridge, Zhuji, Zhejiang

Shareholder composition:

Shou Cai Feng shares 3.57%; Chen Jianfei shares 11.85%; Chen Jianguo shares 11.85%; Chen Nengen shares 11.20%; Chen Zhiyu shares 8.04%; Chen Zhijun shares 8.04%; Wang Jianxia shares 12.39%; Wang Jianjun shares 10.71%; shares of 4.17% 4.17%; Shou Heng Feng shares 3.24%; Shou Lei shares Holdings 3.57%; shares holdings are 3.57%;

Scope of business:

Industrial investment; distribution: building materials (except wood, bamboo and its products); research and development: biological products (except those restricted by state laws and regulations, prohibited from operating).

Main financial data:

Total assets (10000 yuan)

Net assets (10000 yuan)

Net profit (10000 yuan)

December 31, 2010 /2010

One hundred and twelve thousand nine hundred and six point nine eight

Forty-seven thousand two hundred and ten point seven one

Seven thousand eight hundred and fifty-nine point six eight

Serial number

Shareholder name

Number of shares held (shares)

Shareholding ratio (%)

One

Busen group

Fifty-five million five hundred and eighty thousand

59.5457{page_break}

Two

Da Sen investment

Six million six hundred and fifty thousand

Seven point one two four five

Three

American knitting

Three million four hundred and thirty thousand

Three point six seven four seven

Four

Wu Yong Jie

One million and four hundred thousand

One point four nine nine nine

Five

Xing Meng Yan

One million and four hundred thousand

One point four nine nine nine

Six

Industrial Commercial Bank of China Ltd corporate pension plan - China Construction Bank

Nine hundred and twenty-one thousand and five hundred

Zero point nine eight seven three

Seven

The 404 combination of the National Social Security Fund

Nine hundred and twenty thousand

Zero point nine eight five six

Eight

Huarun Shenzhen Investment Trust Co., Ltd. - Jing Lin II securities investment fund

Nine hundred and twenty thousand

Zero point nine eight five six

Nine

ICBC - Jianxin stable profit increasing bond investment fund

Nine hundred and twenty thousand

Zero point nine eight five six

Ten

CITIC Bank - Guo Lian an confidence gain bond securities investment fund

Nine hundred and twenty thousand

Zero point nine eight five six

Total

Seventy-three million sixty-one thousand and five hundred

Seventy-eight point two seven four six

project

Amount (10000 yuan)

underwriting fee

Two thousand four hundred and fifty

Sponsor fee

One hundred

Audit and capital verification expenses

Two hundred and ninety-eight

Lawyer fees

One hundred

Information disclosure costs

Three hundred and fifty-five

Initial registration fee and initial listing fee.

Twelve point seven three

Total

Three thousand three hundred and fifteen point seven three

Sponsor (principal underwriter)