● Tianjin Tianhai Synchronous Technology Co., Ltd. became a wholly-owned subsidiary of Guangyang Shares● Guangyang (Shanghai) Investment Co., Ltd.), the wholly-owned subsidiary, was established● The company won the medal of ‘Jiangsu Provincial Outstanding Company for Management Innovation’ in Provincial Economic and Information Commission● The company undertakes one key research and development planning project in Jiangsu● The company undertakes one conversion and cultivation program of scientific research results● The company’s ‘detector of double-row tapered roller bearing axial play’ has obtained national patent for invention● The company won the title as ‘Top 50 branded products in Jiangsu, Zhejiang, Anhui and Jiangxi for 2015’● The company’s ‘company workstation of academicians’, ‘scientific research workstation of post-doctors’ and ‘platform for graduate students in Changzhou University’● The company acquired the metal of ‘outstanding supplier’ conferred by Beijing Automobile Powertrain Co., Ltd.

● The Company was listed ‘nationwide fostering and demonstrating company for industrial brand’.● The company was re-rated as ‘private science and technology company in Jiangsu province’.● The company was re-eva1uated ‘high-tech company in Jiangsu province’.● The company and Suzhou Automobile Research Institute in Tsinghua University signed ‘strategic cooperation protocol’.● The company and American General Bearing Company signed ‘framework protocol on strategic cooperation of needle bearing’● The company was rated ‘advanced group for quality work’ by the National Quality Supervision a nd Test Center on Bearing.● The Company was incorporated as company for ‘demonstration unit for legal culture building in companies for 2014-2015 in Changzhou’● The company was rated as ‘advanced unit for pre-disposal of sewage of connected pipeline for 2015’.● The intermediary ring of synchronizer of automobile transmission in the company was rated as ‘new and high-tech product in Jiangsu’.● The company’s auto wheel bearing unit was rated as ‘new and high-tech product in Jiangsu’.● The company was rated as ‘outstanding company during the 12th Five-Year-Plan Period in Bearing Industry in China’ by China Bearing Industry Association.● The company’s industrialization project of thrust bearing of automatic gearbox of automobiles was listed as ‘National Torch Planning’ by the State Minsitry of Science and Technology● The Company was conferred ‘Mayor Award of Quality in Changzhou’ by Changzhou People’s Government● The Company was awarded the honorary title as ‘Top 50 Branded Product in Jiangsu, Zhejiang, Anhui, Jiangxi and Shanghai’ by a municipal bureau of quality supervision in Sichuan● The company was awarded ‘Top 50 publicity companies for self-owned industrial brands in Jiangsu’ by the provincial commission of economy and informatization.● The project on ‘strategic boosting planning on intellectual property rights in Jiangsu province’ undertaken by the company passed the acceptance check.● Changzhou Scientific and Technological Backup Planning of the company passed acceptance check.● The company won medal of ‘outstanding supplier for 2015’ conferred by the Department of Gearbox in China National Heavy Duty Truck Group Co., Ltd (Hong Kong).● The company won ‘outstanding monthly award for quality emphasis, 2015’ conferred by Tangshan Aixin Geer Limited Liability Company.● The company won award of ‘outstanding supplier for 2015’ conferred by Anhui Xingrui Gear Transmission Co., Ltd. ● The company won award of ‘outstanding supplier for 2015’ conferred by Shaanxi Fast Group.● The company won the award of ‘outstanding supplier for 2015’ conferred by Zhejiang Wanliyang Limited Liability Company.

● The company was listed in Shenzhen Stock Exchange. Guangyang Shares was listed in Shenzhen Stock Exchange.● The company was rated as ‘key new and high-tech company of State Torch Planning’ by the Ministry of Science and Technology.● The company’s ‘thrust bearing nylon two-part holder’ won state patent for invention.● The company once again won certificate on ‘advanced unit for quality management in Changzhou’ conferred by Changzhou Municipal People’s Government.● The company was honored as ‘advanced country for sewage pre-disposal management in 2014’ by Changzhou. ● The company was honored the ‘12th patent award in Changzhou’ conferred by Changzhou Bureau of science and Technology and Bureau of Intellectual Property Rights.● The company’s needle bearing was rated as ‘new and high-tech product in Jiangsu province’ by Jiangsu Department of Science and Technology● The company’s clutch release bearing was rated as ‘new and high-tech product in Jiangsu province’ by Jiangsu Department of Science and Technology ● The company’s linear bearing was rated as ‘new and high-tech product in Jiangsu province’ by Jiangsu Department of Science and Technology● The company’s thrust bearing was rated as ‘new and high-tech product in Jiangsu province’ by Jiangsu Department of Science and Technology● The company’s cylindrical roller bearing was rated as ‘new and high-tech product in Jiangsu’ by Jiangsu Department of Science and Technology.● The company was rated ‘advanced model unit for standardization of management of intellectual property rights in Jiangsu’ by the Provincial Bureau of Intellectual Property Bureau.● The company’s technological center was rated as ‘research and development outfit for key companies in Jiangsu’.● Chang Shangnan, president of the company, was rated ‘star entrepreneur in Changzhou for 2014’.● The company won the award for ‘outstanding supplier of 2014’ conferred by Shaanxi Fast Group.● The company won ‘award for quality advancement’ conferred by Great Wall Limited Liability Company.● The company won medal of ‘outstanding supplier for 2014’ conferred by the Department of Gearbox in China National Heavy Duty Truck Group Co., Ltd (Hong Kong).

● The company won ‘AAAA certificate for  good conduct of standardization’ by the state standardization management  commission of the nation.● The company was incorporated to ‘model  company for credit management in Changzhou’.● The company’s ‘four-point contact ball’  won patent for invention.● The company’s president won the title as  ‘outstanding company for performing social responsibility in the province’.● The company once again won the  certificate for ‘private science and technology company in Jiangsu province’● The company undertakes the certificate of Jiangsu Private Science and  Technology Company’ once again.● The company undertakes the project for  ‘strategic promotion planning on intellectual property rights among companies  in Jiangsu  province’.● The company won ‘Quality Award in New  Northern District for 2013’.● The company’s ‘four-point ball’ was  rated ‘new and high-tech product in Jiangsu  province’.● The company undertakes one science and  technology backup planning program in Changzhou.● Two state standards drafted by the  country won ‘Third Prize for Machinery Industry Science and Technology in China’.● The company won the titles as ‘smart  company in Changzhou  and elementary wisdom company’. ● The company was rated as ‘advanced unit  for sewage disposal in 2013’.● The company won the title as ‘advanced  unit for quality management in Changzhou’● The company was listed as ‘model company  for construction of harmonious culture in Changzhou’.● Cheng Shangnan, president of the  Company, was awarded ‘star entrepreneur in 2013’.● The company won the medal for ‘best  supplier’ conferred by Shanghai Automobile Transmission Co., Ltd. ● The company won the award for  ‘outstanding supplier for 2013’ conferred by Shaanxi Fast Group.  ● The company won the award for  ‘outstanding supplier for 2013’ conferred by Tangshan Aixin Gear Limited  Liability Company.● The company won the award for  ‘outstanding supplier for 2013’ conferred by Qijiang Gear Transmission Co.,  Ltd.● The company won the award for ‘outstanding  supplier for 2013’ conferred by Shanghai Automotive Transmission Co., Ltd.

● The group company was rated as  ‘four-star company’ by Changzhou  municipal government● The intermediary ring of synchronizer of  automobile transmission in the company was rated as ‘new and high-tech product  in Jiangsu’.● The company’s ‘NRB rolling bearing’ was  awarded ‘branded product in Jiangsu  province’.● The company’s ‘NRB rolling bearing’ was  awarded ‘key branded product in Jiangsu  province’.● Its president won the award for ‘start  of entrepreneurship’ by Jiangsu   Province● The company once again won the  certification for ‘new and high-tech company in Jiangsu Province.● The company won the award for ‘company  with innovative new high-tech enterprise in Jiangsu province’ .● The company won the award for ‘company  with innovative new high-tech enterprise in Changshu city’.● Its intermediary ring won 10 state  patents for utility models.● The company was incorporated as ‘test  company for integrating IT application with industrialization in Jiangsu’ by Jiangsu  Commission of Industry and Informationization● The company won one ‘industrial  rejuvenation and technological transformation project in 2012’ by the National  Development and Reform Commission.● The company was honored as ‘model  company for supply chain management integrating IT application with  industrialization’● The company won the certificate on ‘implementing  standard of credit management among Jiangsu-based companies’● The company won the award for ‘advanced  unit for sewage disposal and management for 2012’ in Changzhou ● The company won the award of ‘award of  excellence for performance assessment of center lines in project technological  center in the province for 2012’ in Jiangsu  province● Its president won the title as  ‘outstanding entrepreneur who performed social responsibilities in Jiangsu for 2011-2012’.● The company won the certificate on ‘AA  company for quality credit among industrial companies in Jiangsu’● The company was incorporated as ‘model  company for technological innovation method in Jiangsu;  by Jiangsu Productivity Promotion   Center.● Cheng Shangnan, its president, was rated  as ‘star entrepreneur in Changzhou  for 2012’● The company wo the metal for ‘annual  outstanding supplier of 2012’ conferred by Qijiang Gear Drive Co., Ltd. ● The company wo the metal for ‘annual  outstanding supplier of 2012’ conferred by GeTrag (Jiangxi) Transmission System Co., Ltd. ● The company wo the metal for ‘annual  outstanding supplier for quality upgrade in 2012’ conferred by  Sinotruk Group Jinan Axle Case Co., Ltd. ● The company won the medal of  ‘outstanding supplier for 2012’ conferred by Fast Group. ● The company won the metal of Award for  Beset Quality, 2012 conferred by Haerbin Dong’an Automobile Power Limited  Liability Company.● The company won the metal of  ‘outstanding award for promotion activity of quality month’ conferred by  Shanghai Automobile Transmission Co., Ltd. ● The company won the metal of ‘award of  commercial prestige’ conferred by Shanghai Automobile Transmission Co., Ltd. ● The company won the certificate of  ‘annual outstanding supplier of 2012’ conferred by Chery Automobile Limited  Liability Company ● The company won ‘contribution award for  quality of outstanding supplier, 2012’ conferred by Gearbox Branch Company  under FAW Jiefang Automotive Company. ● The company won ‘outstanding award on  quality for 2012’ conferred by Tangshan Aixin Gear Limited Liability Company

● The company was renamed as “Changzhou Guangyang Bearing Co.,Ltd.” after the reform of non-tradable shares.● The company’s “car bearing” was rated as “Jiangsu Provincial   Excellent New Product” by Jiangsu Provincial Economic and Information   Commission.● The company was listed by Changzhou into the first batch of   enterprises entering the national innovative science and technology   parks, “One Core and Eight Parks” -- New Energy Vehicle Industrial Park.● Combination bearing of main shaft of direct drive wind turbine received patent for invention.● The company was awarded “Advanced Enterprise in Tacking Technology   Problems during the 11th Five-Year in National Bearing Industry” by   China Bearing Industrial Association.● The science and technology project of “New Hub Bearing Unit for Car”   was listed into the “National Torch Plan” by the Ministry of Science and   technology.

● The company was identified as “Jiangsu Provincial Innovative Enterprise”   by Jiangsu Provincial Department of Science and Technology.● The company’s technology centre was identified as “Jiangsu Provincial   Enterprise Technology Centre” by Jiangsu Provincial Economic and   Information Commission.● The company was awarded “Key High and New Tech Enterprise of National Torch Plan”.● The company’s sale volume broke through 500 million RMB yuan.

● The company’s test centre acquired ISO17025 lab recognition issued by   China National Accreditation Service for Conformity Assessment.● The company passed the certification for “measurement assurance   confirmation” issued by Jiangsu Provincial Quality and Technology   Supervision.● The company was rated as “Private Science and Technology Enterprise in Jiangsu Province”.● Jiangsu Provincial Department of Science and Technology approved the   company to establish “Jiangsu Provincial Needle Roller Bearing   Engineering Research Centre”.● Wind power bearing was authorized with 1 patent for invention, 2 patents for utility and 1 patent for design.● The company’s technology centre was identified as “Changzhou   Municipal Enterprise Technology Centre” by Changzhou Municipal Economic   and Information Commission.● Radial needle roller and cage assembly as well as self-aligning   clutch bearing were rated as “High and New Tech Products” by Jiangsu   Provincial Department of Science and Technology.

● The company became a Vice Chairman unit of Jiangsu Bearing Industry Association.● The company won the “AAA Credit Rating” certificate issued by China Construction Bank Changzhou Branch.● The company promoted a lean production management mode.

● The company acquired the TÜV ISO14001 environmental management system certification.● The company won the “AAA Credit Rating” certificate issued by China Construction Bank Changzhou Branch.