Shenzhen Textile A (000045): Liquidation And Cancellation Of Joint Stock Companies Completed

Announcement of Shenzhen textile (Group) Co., Ltd. on the completion of liquidation and cancellation of shareholding companies

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.

1、 Overview of write off

The shareholders' meeting of Anhui Huapeng Textile Co., Ltd. (hereinafter referred to as "Huapeng company") of Shenzhen textile (Group) Co., Ltd. (hereinafter referred to as "the company") made a resolution on December 3, 2018, approving the dissolution of Huapeng company, establishing a liquidation group according to law and carrying out liquidation work. For details, please refer to http://www.cninfo.com.cn on December 6, 2018 for details（ www.cninfo.com.cn ）Announcement on dissolution and liquidation of joint stock companies (No. 2018-55).

On June 28, 2021, the company received the notice of approval for cancellation of registration issued by the administrative examination and approval Bureau of Anqing Economic and Technological Development Zone, and Huapeng company has been approved to cancel its registration. As of the disclosure date of this announcement, the cancellation procedures of Huapeng company have been completed.

II. Impact of this cancellation on the company

Huapeng company, as a joint-stock company of the company (the company's capital contribution is 25 million yuan and the shareholding ratio is 50%), it is not included in the scope of the company's consolidated statements, and its dissolution and liquidation has little impact on the company's textile business. According to the liquidation assets distribution plan, as of the disclosure date of this announcement, the company has received the liquidation distribution fund of 10817803.07 yuan. According to the accounting standards for business enterprises and the company's accounting policies, the difference between the above amount and the book value of long-term equity investment (as of December 31, 2020, the book value of the company's long-term equity investment to Huapeng company is 10797023.14 yuan), which will be included in the company's investment income in 2021. The final accounting treatment shall be subject to the results of the annual audit confirmation of the audit institution.

This cancellation will not affect the current and future financial status and operating results of the company, nor will it damage the interests of the company and its shareholders.

3、 Documents for reference

1. Notice of approval for cancellation of registration;

2. The liquidation assets distribution plan of Huapeng company.

It is hereby announced

Shenzhen textile (Group) Co., Ltd

Board of directors

June 30, 2012