CTS CTS International Logistics Co., Ltd.

CTS CTS International Logistics Co., Ltd.

The third meeting of the second session of the Board announcement

The Board of Directors and the Directors to ensure that this announcement does not contain any false , misleading statements or material omissions, and severally and jointly accept responsibility for the truthfulness , accuracy and completeness of the contents .

CTS CTS International Logistics Co., Ltd. ( the "Company ", " Company", " CTS Logistics " under ) the third meeting of the second session of the Board was convened on February 28, 2014 . This meeting should attend board meetings of nine directors actually attended the meeting 9 . Notice and held in line with " Company Law of People's Republic of China " and " CTS CTS International Logistics Co., Ltd. Articles " provisions of the meeting . Considered by the directors present at the meeting , unanimously adopted the following resolution:

Passed the " on the construction of fast moving consumer goods distribution center in Foshan, Foshan and the establishment of a subsidiary in motion ."

According to the company's strategic cooperation in Foshan customers need to use the warehouse , as well as the international beverage and food base Foshan Sanshui large manufacturing enterprise storage needs , the Board has considered and approved the construction of the South China FMCG warehousing and distribution center in Foshan, the project in two phases , The total investment is about 5,755 yuan. The first phase of construction of 16,000 square meters warehouse , 5,000 square meter cargo terminal , 1,000 square meters of office space, investment of about 3,085 yuan; the second phase construction of 19,000 square meters warehouse , 26.7 million investment yuan .

The company intends to set up a subsidiary in Foshan , South China FMCG warehousing and distribution center operations management. Sign establish the program as follows :

Company Name : CTS CTS International Logistics ( Foshan ) Co., Ltd. ( subject to industrial and commercial nuclear name ) ;

Investor: CTS CTS International Logistics Co., Ltd. ;

Registered capital: 5,000,000 yuan ;

Chairman: Jiang Bo ;

Business: warehousing, transportation, distribution, international freight forwarding and other logistics services.

See related information disclosed on the same day " on the construction of fast moving consumer goods distribution center in Foshan and the establishment of a subsidiary in Foshan announcement ."