Announcement on the resolution of the 16th meeting

Resolution announcement of the 16th meeting of the Fifth Board of directors of CSG

securities code: 000012; 200012 securities abbreviation: CSG a; CSG B Announcement No.: 2010-024

resolution announcement of the 16th meeting of the Fifth Board of directors of CSG Group Co., Ltd.

the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records and misleading statements. These two rigid plates can be inserted into police and military bulletproof vests or major omissions

the 16th meeting of the 5th board of directors of China Southern Glass Group Co., Ltd. was held in the conference room of the office building of Dongguan Southern Glass Green Energy Industrial Park on July 20, 2010. The meeting was presided over by Mr. Zeng Nan, chairman of the board. The notice of the meeting was sent to all directors by fax and e-mail on July 9, 2010. There were 9 directors who should attend the meeting, and 8 directors actually attended the meeting. Due to business trip, independent director Xie Rudong entrusted independent director Chen Chao to attend and vote on his behalf. The supervisors and senior managers of the company attended the meeting as nonvoting delegates. This meeting was in line with the relevant provisions of the company law and the articles of association. The meeting adopted the following resolutions by open vote:

first, the semi annual report and summary of CSG 2010 was adopted by 9 votes in favor, 0 against and 0 abstention

II. The proposal on the new ultra-thin electronic glass project of Hebei CSG was passed by 9 votes in favor, 0 against and 0 abstention

in order to make full use of the company's technical advantages in the field of high-quality float glass, meet the demand for ultra-thin glass in the display industry, and further improve the product structure of CSG group's flat glass, the company plans to build an ultra-thin float glass production line in Hebei CSG according to the current market demand status and the prediction of the future market, which mainly produces 0.33 ~ 0.7mm ultra-thin glass

the total investment of the project is planned to be 347.76 million yuan (fixed asset investment: 332.76 million yuan), and the construction period is about 13 months. After the completion of the project, it is expected to produce about 30000 tons of ultra-thin electronic glass every year

III. The proposal on the production expansion and relocation project of Dongguan ceramic technology was passed by 9 votes in favor, 0 against and 0 abstention

in order to expand the production scale, reduce the production cost, further improve the product structure of ceramic technology, and enhance the company's comprehensive competitiveness in the field of structural ceramics, the company plans to relocate Dongguan ceramic technology to Yichang, Hubei, and expand the production capacity of some existing products. The plant will mainly produce nano zirconia powder, quartz crucibles for polysilicon ingots and various targets for the production of energy-saving glass films

the company plans to invest 113.3 million yuan to complete the expansion and relocation of ceramic technology, including 36million yuan of available assets in Dongguan. The construction period of the project is 1 year

IV. the proposal on the 140MW silicon wafer expansion project of Yichang CSG was passed by 9 votes in favor, 0 against and 0 abstention

in order to match the capacity scale of silicon wafers with the capacity of silicon materials, reduce the comprehensive production costs of enterprises in the whole industrial chain, ensure the quality of final products, and improve the overall competitive strength of CSG group, the company plans to invest in the construction of phase II 140MW silicon wafer expansion project in Yichang CSG plant

the project plans to invest 496.5 million yuan (474.76 million yuan in fixed assets), and the construction period is 12 months. After the completion of the project, the silicon wafer production capacity of Yichang CSG will reach 300MW, which can completely absorb the annual output of 2000 tons after the technical transformation of the phase I silicon material project, and realize the balance of upstream and downstream production capacity

v. the proposal on Dongguan photovoltaic 200MW solar cell expansion project was passed with 9 votes in favor, 0 against and 0 abstention

at present, the technical level of Dongguan CSG Photovoltaic Technology Co., Ltd. has been steadily improved. The quality of solar cells produced by it ranks at the domestic advanced level, and its sales volume has exceeded the design capacity for several consecutive months. In view of the fact that the existing production capacity cannot meet the market demand for the company, and in order to give full play to the profit advantage of CSG solar vertical industrial chain, the company plans to expand the production of photovoltaic solar cells in Dongguan

the company plans to build new battery lines and module lines in the workshop of Dongguan CSG photovoltaic building, so as to increase its production capacity by 200MW each, and the construction period is about 1 year. The project plans to invest 697million yuan (497million yuan in fixed assets), of which CSG group will increase the registered capital of Dongguan photovoltaic by 250million yuan. After the completion of the project, the production scale of the company's solar photovoltaic cells will reach an annual output of 300MW

VI. the proposal on Dongguan CSG solar glass phase III expansion project was passed by 9 votes in favor, 0 against and 0 abstention

at present, the solar ultra white calendered glass products of CSG have obtained the product certification of various authoritative institutions in the world, have a high reputation in the market, and have obvious competitive advantages in product cost, quality, sales, etc. In order to actively implement the relevant national industrial policies, fully realize the resource sharing in personnel and technology, give full play to the scale advantage, and further build the leading position of the company in the solar glass industry, it is planned to build a 500t/D solar ultra white glass production line in Guangdong

the project plans to invest 498.93 million yuan, using the solar ultra white glass production technology independently innovated by CSG group. The product is positioned as high-end and differentiated products, and is expected to be completed by the end of 2011. By then, the production line will produce 126000 tons of solar ultra white calendered glass every year

VII. The proposal on guarantee for holding subsidiaries was adopted by 9 votes in favor, 0 against and 0 abstention

for details of this proposal, please refer to the announcement of CSG group on guarantee for holding subsidiaries

it is hereby announced

China Southern Glass Group Co., Ltd.

board of directors

July 22, 2010

securities code: 000012; 200012 securities abbreviation: CSG a; CSG B Announcement No.: 2010-025

China Southern Glass Group Co., Ltd.

announcement of guarantee for holding subsidiaries

the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, without false records, misleading statements or major omissions

I. overview of guarantee

the company held the 16th meeting of the Fifth Board of directors on July 20, 2010. The meeting adopted the proposal on guarantee for holding subsidiaries with 9 votes in favor, 0 against and 0 abstention. In order to ensure the business needs of the holding subsidiaries, the board of directors agreed that the companies were the holding subsidiaries Shenzhen CSG Wei photoconductive film Co., Ltd., Shenzhen CSG Display Technology Co., Ltd., Chengdu CSG Glass Co., Ltd., Wujiang CSG East China Engineering Glass Co., Ltd., Shenzhen CSG Float Glass Co., Ltd., Dongguan CSG engineering glass Co., Ltd., Hebei CSG Glass Co., Ltd Guangzhou CSG Glass Co., Ltd. and Dongguan CSG Solar Glass Co., Ltd. provide irrevocable joint and several guarantees with a total financing line equivalent to about 1349.06 million yuan and 7.8 million US dollars

among them, the asset liability ratio of Shenzhen Nanbo Wei photoconductive film Co., Ltd. exceeded 70%, and its related guarantee matters need to be submitted to the general meeting of shareholders for deliberation

up to now, the balance of bank loan guarantee provided by the company for holding subsidiaries is 815.78 million yuan

II. Basic information of the guaranteed

the guaranteed is a holding subsidiary of CSG group, and the specific information is as follows:

1. Shenzhen CSG Wei photoconductive film Co., Ltd.

CSG group holding ratio: 70%

legal representative: Ke Hanqi

registered capital: US $17.8 million

business scope: production and operation of conductive film glass and products, optical and solar film glass and products, etc

by the end of 2009, the company had total assets of 616 million yuan, total liabilities of 439 million yuan and net assets of 177 million yuan; The company lost 07million yuan in 2009

2. Shenzhen CSG Display Technology Co., Ltd.

CSG group holding ratio: 75%

legal representative: kehanqi

registered capital: 9million US dollars

business scope: development, production and operation of new display devices, semiconductor optoelectronic materials and related products

by the end of 2009, the company had total assets of 351 million yuan, total liabilities of 182 million yuan and net assets of 169 million yuan; The company achieved a net profit of 41 million yuan in 2009

3. Chengdu CSG Glass Co., Ltd.

CSG group shareholding ratio: 75%

legal representative: Zhang Fan

registered capital: 246.66 million yuan

business scope: production and sales of ultra-thin glass, and Liu Ning, head of regeneration of zz91, the organizer of the "renewable raw materials" exhibition area, said to color glass, safety glass and other special glasses

by the end of 2009, the company had total assets of 1.527 billion yuan, total liabilities of 880 million yuan and net assets of 647 million yuan; The company achieved a net profit of 301 million yuan in 2009

4. Wujiang CSG East China Engineering Glass Co., Ltd.

CSG group holding ratio: 100%

legal representative: Wu Guobin

registered capital: 320million yuan

business scope: production and sales of environmental protection and energy-saving glass, low radiation coated glass, heat reflection coated glass and other special glass

by the end of 2009, the company had total assets of 649 million yuan, total liabilities of 221 million yuan and net assets of 428 million yuan; The company achieved a net profit of 100 million yuan in 2009

5. Shenzhen CSG Float Glass Co., Ltd.

CSG group holding ratio: 100%

legal representative: Zhang Fan

registered capital: 705.74 million yuan

business scope: production and sales of ultra-thin glass, thin glass, safety glass and other special glass

by the end of 2009, the company had total assets of 1.101 billion yuan, total liabilities of 625 million yuan and net assets of 476 million yuan; The company lost 33 million yuan in 2009

6. Dongguan CSG engineering glass Co., Ltd.

CSG group holding ratio: 100%

legal representative: Wu Guobin

registered capital: 24million yuan

business scope: production and sales of environmental protection and energy-saving glass, low radiation coated glass, heat reflection coated glass and other special glass

by the end of 2009, the company had total assets of 1.004 billion yuan, total liabilities of 607 million yuan and net assets of 397 million yuan; The company achieved a net profit of 141 million yuan in 2009

7. Hebei CSG Glass Co., Ltd.

CSG group holding ratio: 100%

legal representative: Zhang Fan

registered capital