On the morning of April 22, 2011, Zhejiang Rifa Precision Machinery Co., Ltd. held the 2010 Annual General Meeting of Shareholders in Rifa Hotel. The meeting was convened by the board of directors and chaired by Chairman Wang Benshan.

A total of 9 shareholder (agent) representatives attended the on-site meeting, representing 48,076,900 voting shares, accounting for 75.12% of the company's total share capital of 64,000,000 shares.

At the meeting, Chairman Wang Benshan reported to the shareholders attending the meeting the main work content and operating results of the 2010 board of directors, and prospected and planned the business objectives and key tasks of the company in 2011, and will create value for shareholders with more excellent performance. At the same time, all shareholders expressed that they have great confidence in the company's development and will continue to support it.

The shareholders' meeting reviewed and approved 12 proposals including the 2010 Board of Directors Work Report.