DISPOSAL OF THE ENTIRE 31.5% STAKE IN THE SHARE CAPITAL OF WUXI RUNYUAN TECHNOLOGY MICROFINANCE CO., LTD 1. The Transaction

交 易

The Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd. (" Yangzijiang" or the " Group" ) wishes to announce that its wholly-owned subsidiary, Jiangsu Yangzijiang Shipbuilding Co., Ltd (" JYSCO" ) has entered into an Equity Transfer Agreement (the " Agreement" ), pursuant to which JYSCO will dispose the entire 31.5% equity stake in the share capital of Wuxi Runyuan Technology Microfinance Co., Ltd (" WRTMCO" ) (the " Disposal" ).

董 事 局 謹 代 表 揚 子 江 船 業 控 股 有 限 公 司 （ 以 下 簡 稱 " 揚 子 江 " 或 " 公 司 " ） 宣 布 揚 子 江 通 過 其 全 資 子 公 司 ,江 蘇 揚 子 江 船 廠 有 限 公 司 (以 下 簡 稱 " 江 蘇 揚 子 江 " )， 簽 訂 轉 股 協 議 出 售 其 中 國 子 公 司 -無 錫 市 潤 元 科 技 小 額 貸 款 有 限 公 司 （ 以 下 簡 稱 " 無 錫 潤 元 " ） 全 部 31.5%的 股 權 。

2. Consideration 支 付 對 價

The consideration paid for the Disposal is RMB103,950,000 which is equivalent to the 31.5% of total paid-up capital of WRTMCO with a premium of 10%. The amount of the consideration was arrived at after arms’ length negotiations on a willing buyer willing seller basis and taking into account, inter alia, the paid up capital and the valuation report issued by an independent valuer, Wuxi Youxin Assets Appraisal Co. Ltd, on 7 June 2012.

出 售 對 價 為 人 民 幣 1