Shenzhen Textile A (000045): Repurchase Cancellation Part Of The Restricted Stock Reduction Notice

Shenzhen textile (Group) Limited by Share Ltd announcements of capital reduction for repurchase cancellation of restricted stocks

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

The Shenzhen textile (Group) Limited by Share Ltd (hereinafter referred to as the "company") held the thirtieth meeting of the seventh board of directors and the annual general meeting of shareholders in 2019 in June 8, 2020 and June 29, 2020 respectively, and deliberated and adopted the motion on repurchase and cancellation of restricted shares. The specific contents are detailed in the announcement of the repurchase cancellation of restricted stock (No. 2020-28) by the company in June 9, 2020 and June 30, 2020 in the www.cninfo.com.cn, and the resolution of the annual general meeting of 2019 (No. 2020-32).

The company's original incentive object Xie Feng, Xu Weiwen, Pu Xueying, Liu Shuhong, Qin Wei, a total of 5 people for personal reasons to leave, the original incentive target Yang Jianjun, a total of 1 people have retired, according to the company's "restricted stock incentive plan (Draft)" in 2017, the relevant personnel have failed to meet the incentive conditions. The company will repurchase and cancel 5 shares of restricted stock held by the above incentive individuals who have resigned for personal reasons, together with 57150 shares, and the repurchase price.

5.73 yuan / share; repurchase canceling the restricted stock of the above 1 retired original incentive objects, totaling 5760 shares, and the repurchase price is 6.14 yuan / share. The total amount of restricted stock raised by this repurchase is 62910 shares. The total share capital will be reduced from 507835189 shares to 507772279 shares after the repurchase cancellation is completed.

The company's repurchase cancellation of restricted shares will result in a decrease of 62910 yuan in registered capital. According to the relevant provisions of the company law and other relevant laws and regulations, the company hereby notify creditors that creditors have the right to require the company to repay debts or provide corresponding guarantees within forty-five days from the date of this announcement. If the creditor fails to exercise such rights within the prescribed time limit, the repurchase cancellation will continue to be carried out according to legal procedures. If a creditor requests a company to repay debts or provide corresponding guarantees, it shall, in accordance with the relevant laws and regulations of the company law, make written requests to the company and attach relevant supporting documents.

Notice hereby

Shenzhen textile (Group) Limited by Share Ltd

Board of directors two June 30th two