Gome statement: Future issuance will seek shareholder approval

September 28 Evening News, the high-profile Gome shareholder special meeting announced the results 7 o'clock in the evening, Gome major shareholder Huang Guangyu's motion, in addition to the cancellation of the Board of Directors issued additional authorization to pass, other motions were not passed, the Chairman of the board, Chen Xiao, etc. to remain in office.　　Late that evening, Gome issued a statement that the company will seek shareholder approval for future development through the issuance of new shares or convertible equity financing.　　After the vote, in the 5 motions proposed by major shareholder Huang Guangyu, apart from the general authorization to revoke the allotment, distribution and sale of shares in the United States of China, a further abolition of the directors ' positions of Chen and Sun Yiding and the appointment of Shaochun and Huangyanhong as executive directors failed. On the other hand, the current board of Directors ' proposal for the re-election of three Bain directors, including Zhu, was approved.　　Among them, Zhu received 94.76% support.　　However, as a result of the removal of the board of Directors issued by the authority to pass, Mr Huang's 32.47% stake in Gome will not be diluted, will remain Gome's largest shareholder. Gome said it hoped to maintain smooth and effective communication with all shareholders, including Mr. Huang Guangyu, the major shareholder, and welcomed all stakeholders to make constructive suggestions.　　In view of the disagreement between the major shareholder and the board of Directors on the strategy of the company, the board of directors would like to make further communication and discussion with the major shareholders on the development plan of the company in the next five years.　　The following is a statement issued by Gome. We would like to thank all shareholders for their close attention to the key issues that have led to the convening of a special shareholder meeting in recent weeks. We are deeply gratified by the strong and favorable support provided by our shareholders.　　This is a clear endorsement by the shareholders of the performance of the existing management team over the past two years, as well as the trust and expectation of the shareholders to continue to lead the company towards sustainable development with the existing management. The board believes that the company's stability is in line with the best interests of all shareholders, employees of the company, society and other interested parties.　　Therefore, we hope to maintain smooth and effective communication with all shareholders, including our major shareholder, Mr Huang Kwong Yu (Mr Wong), and welcome all stakeholders to make constructive suggestions. In view of the disagreement between the major shareholder and the board of Directors on the strategy of the company, the board of directors would like to make further communication and discussion with the major shareholders on the development plan of the company in the next five years.　　This will enable the Board and management to ensure that the company's development strategy and path with the interests of all shareholders. Over the past few weeks, we have stated on many occasions that it is necessary for the company to retain a general mandate to maintain flexibility in raising funds. However, we are aware that some shareholders hold different opinions and that the Board respects the decisions made at the extraordinary general meeting.　　In future, we will seek shareholder approval if the company needs to finance its future development through the issue of new shares or convertible securities. About Beijing Gome Electric Appliance Retail Co., Ltd. and Jinan Wansheng Source economic consultationLtd., the Board of Directors is pleased to discuss with Mr. Huang in order to maintain the company's existing stability. Shareholders have given us the opportunity to continue to lead our company and to achieve growth in our business, and we are once again grateful for the support and trust of our shareholders. We will spare no effort to continue to concentrate resources on the development and implementation of the five-plan, enhance the company's core competitiveness, achieve sustainable growth, maintain market leadership, so as to create greater value for shareholders.