On November 17, 2006, the 2006 Annual General Meeting of Shareholders of Panjin Guanghe Aquatic Products Co., Ltd. was held in Delta R&D Center. The meeting was attended by: Comrade Chen Xue, Chairman of Liaoning Agricultural Development Assets Investment Management Co., Ltd., Provincial Agricultural Development Assets Investment Management Xu Ying, general manager of the company, informed that Comrade Xiao Xingguo, director of the Planning and Finance Department of the Provincial Agricultural Comprehensive Development Office, Comrade Tu Jianhua, deputy director of the Panjin Municipal Finance Bureau, director of the Municipal Agricultural Comprehensive Development Office, Comrade Liu Jianjun, deputy director, and Comrade Xu Liaoyu, director of the Project Evaluation Section, Comrade Ge Lijun, Deputy Director of Jinzhou Municipal Ocean and Fishery Bureau, Comrade Li Yuxia, Deputy Director of Panjin Ocean and Fishery Bureau, Comrade Liu Hongbo, Director of Dawa County Ocean and Fishery Bureau, Comrade Zhang Baoqin, Deputy Director of Dawa County Finance Bureau, Director of County Agricultural Comprehensive Development Office, Deputy Director Comrade Yang Kai and all 36 shareholders of Panjin Guanghe Aquatic Products Co., Ltd. or their clients. The meeting was presided over by Li Xiaodong, Chairman of Panjin Guanghe Aquatic Products Co., Ltd.

At the meeting, Xing Yong, Vice Chairman of Panjin Guanghe Aquatic Products Co., Ltd., on behalf of the Organizing Committee of the General Assembly, reviewed the qualifications of the representatives attending the shareholders' meeting, and announced that there were 37 shareholders and shareholders' authorized representatives attending the meeting. , representing the equity of 70.4597 million yuan, accounting for 100% of the company's total shares, in line with the relevant provisions of the "Company Law" and "Articles of Association of Panjin Guanghe Aquatic Products Co., Ltd." on holding a general meeting of shareholders.

On the second agenda of the conference, Comrade Zhang Changxin, director of Panjin Guanghe Aquatic Products Co., Ltd., announced the proposed scrutineer and vote counter on behalf of the organizing committee, and confirmed Wang Jingfeng and Mei Jinglin for the election and other votes of the conference through a show of hands. The scrutineers of the vote, Xie Yu and Meng Fanguang, were the vote tellers.

On the third agenda of the conference, Comrade Chai Yongqing, general manager of Panjin Guanghe Aquatic Products Co., Ltd., informed shareholders about the progress of the national agricultural comprehensive development investment and shareholding project.

On the fourth agenda item of the conference, Bai Yongan, vice chairman of Panjin Guanghe Aquatic Products Co., Ltd., read the "Proposal on Amending the Articles of Association" on behalf of the organizing committee of the conference, and explained the relevant provisions of the new articles of association of the company to be submitted to the conference for voting. Next, all shareholders voted on the new articles of association. There were 37 shareholders who agreed to the new articles of association of the company, accounting for 100% of the equity, and the motion was passed by unanimous votes. This marks the entry into force of the new articles of association of Panjin Guanghe Aquatic Products Co., Ltd., which is the official start of the cooperation between the original 36 shareholders of our company and the Provincial Agricultural Development Assets Investment Management Co., Ltd.!

Next, Comrade Liu Wei, director of Panjin Guanghe Aquatic Products Co., Ltd., read the "Proposal on the selection of the third director of the company" on behalf of the organizing committee of the conference. One of the directors was appointed by Liaoning Agricultural Development Assets Investment Management Co., Ltd. Chairman Li Xiaodong read out the appointment documents of Agricultural Development Assets Investment Management Co., Ltd. at the meeting, and Comrade Liu Jianjun, deputy director of Panjin Agricultural Comprehensive Development Office, was co-opted as the company's first Director of the third board of directors.

Meng Fanqiang, director of Panjin Guanghe Aquatic Products Co., Ltd., read the "Proposal on Election of Supervisors of the Company" on behalf of the Organizing Committee of the conference. Among them, Comrade Gu Xiaokun, appointed by Liaoning Agricultural Development Assets Investment Management Co., Ltd., served as the chairman of the supervisory committee. After voting, Liu Naigeng and Liu Jinzhu were elected as supervisors of the company's supervisory committee.

On the sixth agenda item of the meeting, Dou Liyan, director of Panjin Guanghe Aquatic Products Co., Ltd., read out the above-mentioned draft resolution of the general meeting of shareholders. The resolution was passed by unanimous vote.

The seventh item on the agenda of the meeting, all shareholders sign the minutes of the meeting, the company's new articles of association and the resolutions of the general meeting of shareholders.

At the general meeting of shareholders, Comrade Chen Xue, Deputy Director of the Provincial Agricultural Comprehensive Development Office and Chairman of the Provincial Agricultural Development Assets Fund Investment Management Co., Ltd., and Comrade Tu Jianhua, Deputy Director of the Municipal Finance Bureau and Director of the Municipal Agricultural Comprehensive Development Office, delivered warm speeches respectively. They put forward requirements and ardent hopes for our company's project management, capital operation, and lower development. At the same time, the guest representative, Comrade Ge Lijun, deputy director of the Jinzhou Ocean Fisheries Bureau, also expressed his heartfelt joy to witness the development of Guanghe Aquatic Products and share this successful moment!

Finally, Chairman Li Xiaodong of our company said that the company should take the opportunity of state capital to participate in the operation, to further improve the level of operation and management, improve the core competitiveness of the company through technological innovation, and ensure the realization of the company's business indicators. At the same time, it will drive more farmers to increase their income and become rich, and make greater contributions to the construction of new socialist countryside!