**Abstract**
Stock Code: 300179 | Stock Abbreviation: Sifangda | Announcement No.: 2013-042
**Announcement on the Resolutions of the Fifteenth Meeting of the Second Board of Directors of Henan Sifangda Superhard Materials Co., Ltd.**
Henan Sifangda Superhard Materials Co., Ltd. (hereinafter referred to as “the Companyâ€) hereby announces the resolutions adopted at the fifteenth meeting of the second board of directors, held on August 22, 2013. The notice of the meeting was delivered directly or via email to all directors, supervisors, and senior executives on August 11, 2013.
The meeting was conducted in person at the meeting room on the fourth floor of the company’s headquarters at 10:00 a.m. On that day, all nine directors attended the meeting, and all supervisors and senior management were also present. The meeting was convened in accordance with the provisions of the Company Law and the Articles of Association. It was chaired by Mr. Fang Haijiang, the Chairman of the Board.
During the meeting, the directors reviewed and approved the following resolutions:
1. **Review and Approval of the 2013 Semi-Annual Report and Summary**
During the reporting period, the company achieved total operating revenue of RMB 59,935,700, representing an increase of 1.09% compared to the same period in the previous year. Operating profit reached RMB 14,457,800, up by 2.46%, while total profit amounted to RMB 15,537,200, a decrease of 16.72% year-over-year. Net profit attributable to shareholders of listed companies was RMB 14,241,600, reflecting a year-on-year decline of 17.13%.
The resolution was passed unanimously with 9 votes in favor, 0 against, and 0 abstentions.
2. **Approval of the Proposal on Continued Use of Own Idle Funds for Investment and Financial Management**
In order to optimize capital utilization and enhance returns without affecting normal operations, the board approved the continued use of the company's idle funds for investment and financial management. Detailed information can be found in the separate announcement titled “Announcement on Continued Use of Own Idle Funds for Investment and Financial Management.â€
This proposal was also passed unanimously with 9 votes in favor, 0 against, and 0 abstentions.
3. **Approval of the Proposal on Amendment**
The board approved the proposed amendment. The resolution was passed unanimously with 9 votes in favor, 0 against, and 0 abstentions.
This announcement is made in compliance with applicable laws and regulations, and the Company and its board of directors confirm that the content is accurate, complete, and free from any false statements or material omissions.
**Henan Sifangda Superhard Materials Co., Ltd. Board of Directors**
August 22, 2013
Industrial seals device, Leakage prevention, Sealing solutions, Industrial seals
Yuyao Shuguang stainless steel bearing Co., LTD , https://www.shuguangbearing.com