Date: 2013-07-31

Shanghai Prime Machinery Co., Ltd. Invested 17.7 million yuan to Purchase Equipments

Shanghai Prime Machinery Co., Ltd.(02345) recently announced that the company had spent 17.7 million yuan to purchase equipments from Shanghai Zhongxing Jiqi Chang Co., Ltd. The purchased equipments will be installed in the new plant area in Huishan Economic Development Zone in Wuxi.

Shanghai Zhongxing Jiqi Chang Co., Ltd. is a wholly-owned subsidiary of Shanghai Electric Group(02727), and Shanghai Electric Group is the main share holder of Shanghai Prime Mechinery Co., Ltd.

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