160 million: 31 international development fund       

The 31 international April 6th announcement that in March 8, 2016, 31, the 31 marine heavy sea, Sany Group Co Ltd and the country entered into a development fund investment agreement, accordingly, open the country development fund has agreed to 31 marine heavy industries (indirect wholly owned Affiliated Companies of the 31 international investment 160 million yuan). According to the valuation report issued by the independent third party valuers in March 18, 2016, the National Development Fund subscribed for 14.56% of the 31 registered capital of marine heavy industry.

The company said the investment proceeds will be used for the construction of port machinery projects in the Zhuhai Industrial Park.

The company means that the port machinery industry will develop steadily in the coming years. The group will continue to enhance the current manufacturing capacity of port machinery products, and promote the company's strategic plan to further diversify its business. As the Zhuhai Industrial Park began to operate in May 2015, the manufacturing capacity and sales volume of the group's marine machinery and equipment have increased rapidly. This investment will provide sufficient working capital for the 31 marine heavy industry to further expand the Zhuhai Industrial Park and benefit the overall interests of the group and the shareholders.