Inner Mongolia One Machine: Cancel the "Comprehensive Technology Improvement Project" special account for the 2016 fundraising.

Inner Mongolia 1st Machinery announced that on December 26, 2016, the company issued 148 million shares to 8 specific investors through non-public offering, raising a total of 1.95 billion yuan, with a net amount of 1.895 billion yuan. The company adopted the system of special account storage for the raised funds. As of the date of the announcement, all unpaid payments for the "Comprehensive Technical Renovation Project" have been settled. The project's raised funds special account at the Baotou Branch of China Merchants Bank has been fully transferred out, and the company has canceled the special account. The related "Three-party Supervision Agreement for Raised Funds Special Account Storage" has been terminated accordingly. In addition, the special accounts for 3 projects including environmental protection and new energy have been canceled, while 2 other special accounts are still in use.