Venue of Directors’ Meeting and Supervisors’ Meeting Chairman Tu Guoshen (2nd from the left);Directors: Zhou Xia (2nd from the right), Wu Qiaomin (1st from the right), Hao Jun (1st from the left);Board Secretary Fu Xin (3rd from the right)

China Security & Fire Co., Ltd. held its 13th Meeting of 9th Board and 10th Meeting of 9th Supervisors Committee on October 20th, 2015, through an onsite meeting and video conference. A total of 13 resolutions were passed in the Directors’ Meeting, including “Resolution on Major Restructure of Company are in Compliance with Relevant Laws and Regulations”, “Resolution on Major Restructure of Company Constitutes Related Transaction”, “Resolution on Proposal to hold 6th Interim Shareholders Meeting in 2015”. A total of 10 resolutions were passed in the Supervisors’ Meeting, including “Resolution on Completeness, Compliance of Legal Procedures and Validity of Filed Legal Documents for this Major Restructure” and “Resolution on Source of Capital used for this Major Asset Purchase and Related Transactions”.

Supervisors: Jin Lei (2nd from the right), Tan Ying (1st from the right), Wang Yike (2nd from the right) and Chen Ya’nan (1st from the left)

As per the draft restructure report, the company has proposed to purchase 100% shares of Guardforce (Macao), Shenzhen Dit, Kunming FLT and Shenzhen Winlead through cash payment. Based on the acquisition agreements signed between parties, the total cost of this transaction is RMB637,675,100.