<SEC-DOCUMENT>0001144204-17-032186.txt : 20170613
<SEC-HEADER>0001144204-17-032186.hdr.sgml : 20170613
<ACCEPTANCE-DATETIME>20170612174935
ACCESSION NUMBER:		0001144204-17-032186
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170612
FILED AS OF DATE:		20170613
DATE AS OF CHANGE:		20170612

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Recon Technology, Ltd
		CENTRAL INDEX KEY:			0001442620
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34409
		FILM NUMBER:		17907544

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 1902, BUILDING C,
		STREET 2:		KING LONG INTL MANSION, NO. 9 FULIN ROAD
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100107
		BUSINESS PHONE:		025-52313015

	MAIL ADDRESS:	
		STREET 1:		ROOM 1902, BUILDING C,
		STREET 2:		KING LONG INTL MANSION, NO. 9 FULIN ROAD
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100107
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>v468873_6-k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of June 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-34409</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECON TECHNOLOGY, LTD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Room 1902, Building C, King Long International
Mansion</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No. 9 Fulin Road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Beijing, 100107</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive offices)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form 20-F&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></TD>
    <TD STYLE="width: 48%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form 40-F&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Registrant published a letter to shareholders on June 12,
2017, a copy of which is attached hereto as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECON TECHNOLOGY, LTD</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June 12, 2017&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Shenping Yin</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shenping Yin</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chief Executive Officer</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Principal Executive Officer) and</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Duly Authorized Officer</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Exhibit Index:&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exhibit 99.1 &mdash;&nbsp;Letter to shareholders dated June
12, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v468873_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #373737"><B><U>Exhibit 99.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt; color: #373737"><B>Recon
Outlines 2017 Strategy and China Oil and Gas Market Outlook in Open Letter to Shareholders&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BEIJING,&nbsp;June 12, 2017&nbsp;/PRNewswire/ --&nbsp;<B>Recon
Technology, Ltd. (NASDAQ: RCON), (&quot;Recon&quot; or the &quot;Company&quot;)</B>, a leading independent oilfield services provider
operating primarily in&nbsp;China, today announced that the Company's two co-founders, Messers'&nbsp;Shenping Yin&nbsp;(Chairman
and Chief Executive Officer) and&nbsp;Guangqiang Chen (Chief Technology Officer and Director) released a Letter to Shareholders
updating current activities and outlining the remainder of 2017 in conjunction with the holding of its 2016 Annual Meeting of Stockholders
on&nbsp;June 9, 2017&nbsp;in&nbsp;Beijing, China.&nbsp;The letter is included in its entirety below and on the Company's website
at&nbsp;<FONT STYLE="color: #318DA8">http://www.recon.cn/en/</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>To Our Shareholders:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">As Co-Founders of the Company, we felt that
it was an appropriate time to explain our current business model, accomplishments to date, and specific trends and topics that
are important for investors to properly value Recon.&nbsp;Most importantly, we want to outline our vision for Recon's future as
a fully&nbsp;integrated&nbsp;provider&nbsp;of energy solutions throughout&nbsp;China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Next month will mark the&nbsp;8th anniversary
of Recon's IPO and listing on Nasdaq. At the time of our listing, we had a singular vision: to marry distinct but related segments
within the oil and gas extraction process to fully integrate our market. We started from providing specialty niche products, such
as automation systems, energy efficient furnaces, heat exchange equipment, and extractors.&nbsp;From there we leveraged our strong
relationships with&nbsp;China's&nbsp;leading oil producers, CNPC and Sinopec.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We were focused on the execution of a strategy
where Recon could out-perform smaller automation mining companies and out-maneuver larger multi-nationals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Simultaneously, we felt that a company such
as Recon could be nimble and take advantage of the digitization of the oil and gas industry to help improve efficiency and safety.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Both of us came from different backgrounds,
with Mr. Yin having an IT, automation, and software engineering experience set, and Mr. Chen having a deep-rooted expertise in
the petroleum extraction sector.&nbsp;We had worked together in the past and shared a similar vision of the future of the oil and
gas industry in&nbsp;China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">In short, we believe there is a disconnect investors
understanding of our business model and the achievements we have made to date and attractive opportunity ahead of Recon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">This letter should serve as a starting point
for our Company to outline what Recon's current business is, how you as investors should evaluate our accomplishments, and what
our goals are for the remainder of 2017 and beyond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>The Evolution&nbsp;of&nbsp;Recon's Current
Business Model / The Oil and Gas Extraction Market in&nbsp;China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">To understand Recon, it is important to understand
the overall oil and gas market in China.&nbsp;China is the world's&nbsp;largest&nbsp;importer of petroleum, second-largest consumer
of petroleum products, and fourth-largest producer of petroleum. The oil industry in&nbsp;China&nbsp;is dominated by three state-owned
holding companies: China National Petroleum Corporation (CNPC), China Petroleum and Chemical Corporation (Sinopec) and China National
Offshore Oil Corporation (CNOOC).&nbsp;&nbsp;A majority of&nbsp;on-shore oilfield companies are subsidiaries or affiliations of
CNPC and Sinopec, and operate independently.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">In previous decades,&nbsp;China's&nbsp;petroleum
companies mined for petroleum by leveraging the country's abundance of inexpensive labor, rather than focusing on developing new
technologies.&nbsp;One of Recon's founding principles was that this process needed to become more efficient and more automated.&nbsp;We
began to grow an entity where our automation products and services allow these companies to reduce their labor requirements and
improve the productivity of oilfields.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We would work with our largest customers to
improve control over the extraction process, increase oil yield efficiency, and improve the transportation of crude oil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Now, Recon's revenues are derived from the sales
and provision of (1) oilfield automation products, (2) equipment for oil and gas production and transportation, (3) waste water
treatment products, and (4) engineering services. Our products and services involve most of the key procedures of the extraction
and production of oil and gas, and include automation systems, equipment, tools and on-site technical services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Recon sold products and services to lower the
overall cost of oil and gas extraction for our customers as they work to meet&nbsp;China's&nbsp;continuous growing demand for power.
Our premise was that the need for traditional product sales throughout all facets of the upstream process would be a solid base
from which to build.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Our sales are largely dependent on the oilfield
drilling scale, size of the well, the production, and the need for either one or several iterations of our products, and automation
would serve to enhance the process as well.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">As an example, in&nbsp;May 2017, Recon delivered
a 600KW furnace to Changqing Oilfield for an oilfield metering station overseeing several wells with production of about 20 barrels
of oil equivalent (BOE) per well per day.&nbsp;While it is difficult to ascertain the median&nbsp;well size&nbsp;in&nbsp;China,
it&nbsp;was&nbsp;a sizable well for Recon. As part of this solution, the Company also provided furnaces and automation system installed
in each well.&nbsp;And throughout the process we supplied automation processes and expertise to help the site run smoothly.&nbsp;This
one project is an excellent case study of how Recon can implement a total solution&nbsp;for&nbsp;its customer, while securing a
longer-term service business.&nbsp;The initial sale would integrate all that we do and&nbsp;position us to provide ongoing service&nbsp;for
the life of that location.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>Equipment and Integration of Automation&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">The sale of equipment and then integrating automation
and ongoing service&nbsp;were&nbsp;to serve as the two legs of Recon.&nbsp;Over the long-term, this creates a stable revenue base
that is less&nbsp;affected&nbsp;by the ebb and flow of commodity pricing at the upstream portion of the extraction process. Our
resolutions make oil &amp; gas production safer, more efficient, and more compliant with changing industry&nbsp;regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">During the recent downturn in oil and gas prices
in&nbsp;China&nbsp;over the past few years, many oilfield customers of Recon's were repairing traditional hardware products instead
of new installation and deferring many of these expenditures until&nbsp;it&nbsp;would be profitable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We continued to invest in R&amp;D, currently
owning or&nbsp;having&nbsp;applied for&nbsp;over&nbsp;50 patents registered with the State Intellectual Property Office. These
patents cover Recon's automated products and heating related equipment for the petroleum industry, and provided the capitalization
to improve at a time when many of our competitors were struggling.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">In addition, while our product sales were&nbsp;hurt,
Recon's automation processes and services continued to perform.&nbsp;We felt this was a validation of our longer-term plans, and
understood that during downturns in the cycle we would not be as impacted as our other competitors in&nbsp;China&nbsp;that were
heavily weighted toward traditional product sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">As an&nbsp;investor,&nbsp;it is important to
understand that when Recon announces the sale of a products in a project the actual sale and delivery of this hardware is only
one component of the long-term and continuing growth strategy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><I>What&nbsp;we&nbsp;expect:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Since market pricing has started to turn,&nbsp;China&nbsp;is
beginning to explore new&nbsp;opportunities, such as the Changqing Oilfield, a major subsidiary of PetroChina and the largest producing
oilfield of China.&nbsp;Recon has announced several sales as part of this project and has begun to see its revenue improve. We
recently announced our nine-month financial results,&nbsp;during which&nbsp;sales improved nearly 20%. This trend is continuing.<BR>
<BR>
In addition, we are seeing a more fruitful market for continuing automation services and sales, and expect to see a consistent
growth rate of at least 10% regardless of commodity pricing,&nbsp;based on projects we have either signed contracts or anticipate
bidding on successfully.&nbsp;We have seen this remain true since inception and show no signs of resistance in the current market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Lastly, our series of automation systems and
services are not limited to sales within the oil and gas sector unilaterally, as there are other markets throughout the energy
industry that Recon continues to monitor and bid on actively throughout China.&nbsp;This includes coal and traditional power plants.&nbsp;We
are seeking entry into these markets, as Recon's products are naturally adaptable to the most pressing need to improve efficiency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>Expansion of Wastewater Market</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">There is an old Chinese proverb &quot;In every
crisis, there is opportunity.&quot;&nbsp; In&nbsp;the United States, many have a misconception that in Mandarin crisis and opportunity
have the same meaning. While that is inaccurate, the concept still applies to the situation affecting Recon during the downturn
in oil and gas prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">It was during this time that both of us (Mr.
Yin and Mr. Chen) fully recognized the need to diversify our revenues and simultaneously began identifying a growing problem in
the field of wastewater.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">The amount of wastewater, or polluted domestic
use and industrial water, produced in&nbsp;China&nbsp;is greater than that of the entire flow of the Yellow River per annum.&nbsp;The
treatment of this wastewater is particularly important considering the growing population and environmental concerns throughout&nbsp;China,
and was an integral component of the 2012 5-year plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">In the drilling and exporting of oil and gas
products, the treatment of wastewater was something that Recon experienced often and felt that our Company was in a prime position
to help.&nbsp;Oily wastewater treatment is far more difficult than general industrial wastewater and domestic sewage treatment.
We began investing in this business during the downturn, and began developing new products for oilfield wastewater treatment. In
addition, our clients are usually located in remote areas and face the grim challenge of ecological conservation, and thus adopt
higher emissions standards and strict requirements of their suppliers. We have identified the market niche, know the customers,
and&nbsp;believe we&nbsp;can provide these services&nbsp;more efficiently than our competitors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Over the next few months, our goal is to continue
to&nbsp;work&nbsp;with well-recognized wastewater treatment&nbsp;companies to apply&nbsp;these treatments to long standing customers
in refineries and oil fields throughout&nbsp;China, as well as to international projects of our customers.&nbsp;We were very pleased
to partner with&nbsp;Beijing OriginWater Purification Engineering Technology Co., Ltd (&quot;BOW Engineering&quot;),&nbsp;China's&nbsp;leading
waste water treatment company,&nbsp;to provide customized wastewater treatment solution to Golmud Petroleum Refinery for their
treatment upgrade program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">This agreement was expected to generate&nbsp;$0.9
million&nbsp;in revenues, which Recon will share.&nbsp;This is a sizable agreement for our company in a growing market that is
relatively uncorrelated to our oil and gas product and service business. Recon reported approximately&nbsp;$6.4 million&nbsp;in
revenues in all fiscal 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><I>What we expect:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Wastewater segment is a major growth driver
for our&nbsp;Company, carries&nbsp;a higher margin and has tremendous growth value in the coming quarters.&nbsp;We are hopeful
to sign several new projects either independently or by utilizing partnerships as we expand our customer base. Depending on the
growth trajectory, we anticipate revenues from wastewater treatment to begin to take a larger percentage of Recon's overall business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">In addition to reviewing ancillary sources of
income such as wastewater, our company continues to gather data and work with SOEs to identify areas throughout the entire upstream,
midstream, and downstream cycle where there are inefficiencies in&nbsp;China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>Improving Our Shareholder Relations Globally</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">When we became public, the one area where we
had very little knowledge was that of the global, and specifically U.S. Capital markets.&nbsp; We were one of many&nbsp;China-based
companies that became public during this time and we quickly learned through this process that the primary sentiment from investors
was that all&nbsp;China-based companies were &quot;all the same.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We believe&nbsp;in many ways we took our investor
base for granted, with the belief that if we continued&nbsp;to build a good operating business,&nbsp;then&nbsp;investors would
recognize our efforts. This was not the case and instead, we&nbsp;now understand&nbsp;we must prove our business model again, by
rebuilding trust with investors as we&nbsp;show that not&nbsp;all U.S. listed Chinese companies are the same.&nbsp;We believe that
we have operated our business in a transparent and forthright manner, but fully recognize that Recon needs to be better at explaining
its future plans and communicating with its U.S. investor base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We still believe that the market is the right
one for our Company, because Recon is so unique.&nbsp;There are very few places for the U.S. investor to participate directly in
the growth of the oil and gas sector in&nbsp;China, which shows no signs of demand depreciation because of continued industrialization
and population growth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">But there is a lot of work to do. We hope this
letter will serve as an example of our intension to provide better communication and transparency to our shareholders with regards
to Recon's business plan in coming months. We hope to publish another such letter at the end of the year citing what goals were
achieved, and plans for the months ahead.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Second, we need to completely overhaul our Company's
accessibility to investors through our website. We understand that&nbsp;our website did not provide sufficient information about
our company to&nbsp;retail or institutional investors&nbsp;interested in our&nbsp;Company.&nbsp;We have admittedly neglected this
over time and will relaunch&nbsp;a morerobust site in the next 1-2 months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Finally, we are very open to meetings and discussions
with investors.&nbsp;Our management team will make a commitment to host more roadshows and investors meetings in both US and&nbsp;China&nbsp;over
the next few months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>Financial Improvements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Both of us would like to personally thank our
financial team, led by our Chief Financial officer, Ms.&nbsp;Jia Liu, for their efforts in producing our financials in a timely
and transparent manner.&nbsp;We believe that properly communicating financial trends is essential to reporting how signed contracts
and agreements affect our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Our revenues for the nine months of fiscal 2017
have improved by 20% to&nbsp;$6.4 million, which does not include any revenue from our recently signed wastewater agreement. We
anticipate revenues growing by 30% for the current fiscal year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Our gross margin improved by 21.3 percentage
points to 35.2%, largely due to continued revenues from automation projects and investments in our wastewater business. In addition,
we are growing our service business by over 155%, which carries a much higher margin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We are still not operating at a profitable rate,
but our net loss continued to narrow considerably in the nine-month period and we are now in a position where our revenue increase
and margin increase are far outpacing our operating spending.&nbsp;We believe&nbsp;the lingering effects of the downturn are behind
Recon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">From a balance sheet perspective, we have navigated
the downturn without any long-term effects to our capital structure.&nbsp;We continue to improve our collections, and hold no long-term
debt of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>Conclusion</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">It has been a very interesting eight years.&nbsp;Our
investor relations counsel recently asked whether the two of us would do it again.&nbsp;The short answer is yes, although we believe
we have learned a great deal since our initial decision eight years ago.&nbsp;We had extremely high expectations of both what our
Company could do and how Recon would be recognized throughout the global investment community.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">We felt that our vision of becoming a fully
integrated energy service provider in one of the world's largest oil and gas markets would be recognized by all investors as an
exciting story.&nbsp;We still feel this way and just must be better at explaining our vision to a market that likely has painted
us with a broad brush.&nbsp;Operating as a U.S. listed public company certainly has not been the path of least resistance for Recon,
but ultimately, we believe that our&nbsp;best&nbsp;days&nbsp;remain&nbsp;ahead.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">On behalf of our employees in&nbsp;China, and
our loyal shareholders, we thank you for your time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Shenping Yin, Chairman and Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">Guangqiang Chen, Chief Technology Officer and
Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B><I>About Recon Technology, Ltd. (NASDAQ:
RCON)</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #373737">Recon Technology, Ltd. is&nbsp;China's&nbsp;first
listed non-state owned oil and gas field service company on NASDAQ. Recon supplies&nbsp;China's&nbsp;largest oil exploration companies,
Sinopec (NYSE: SNP) and CNPC, with advanced automated technologies, efficient gathering and transportation equipment and reservoir
stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the
years, RCON has taken leading positions on several segmented markets of the oil and gas filed service industry.&nbsp;RCON also
has developed stable long-term cooperation relationship with its major clients, and its products and service are also well accepted
by clients. For additional information please visit:&nbsp;</FONT><FONT STYLE="color: #318DA8">www.recon.cn</FONT><FONT STYLE="color: #373737">&nbsp;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"><B>Safe Harbor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">This news release contains forward-looking statements
as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product
and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government
regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking
statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary
statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims
any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737">&nbsp;</P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #373737"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black"><B>Company Contact</B></FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">Liu Jia, CFO</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">Recon Technology, Ltd.&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">+86 (10) 8494-5799</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">info@recon.cn</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black"><B>Investor Relations&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">The Equity Group Inc.</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">In China</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">In the U.S.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">Katherine Yao, Senior Associate</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">Adam Prior, Senior Vice President</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">+86-10-6587-6435</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">+1 (212) 836-9606</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">kyao@equityny.com</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font-size: 10pt"><FONT STYLE="color: black">aprior@equityny.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 6; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
