Luen Fat Shares (002394): Repurchase And Write Off Some Restricted Stocks, Reduce Registered Capital And Notify Creditors.

Announcement of Jiangsu Unicom's Limited by Share Ltd on repurchase and cancellation of restricted stocks, reduction of registered capital and notification of creditors

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete, and there are no false statements, misleading statements or major omissions. Jiangsu Lian FA textile Limited by Share Ltd (hereinafter referred to as the "company") held the sixteenth meeting of the Fourth Board of directors in April 21, 2020 and the 2019 annual general meeting of shareholders in May 13, 2020. The meeting considered and adopted the motion on repurchase and cancellation of some restricted stocks in the incentive scheme of restricted stock in 2018. The company intends to buy back 3884400 shares of restricted stock because the company's 2019 annual operating income index does not meet the first lifting of the restricted period of the company's performance appraisal provisions in the 2018 restricted stock incentive plan. The details are listed in the company's notice of repurchase cancellation of restricted stock in 2018 restricted stock incentive plan (LF2020-019).

The company's cancellation of some restricted stocks will involve a reduction in registered capital, and the registered capital will be reduced from 336648000 yuan to 332763600 yuan. According to the provisions of the relevant laws and regulations of the People's Republic of China company law, the creditors of the company have the right to, within 30 days from the date of receipt of the notice of the company, and within 45 days from the date of the notice, the company shall repay the debt or provide the corresponding guarantee with the valid creditor's rights certificate and certificate. If the creditor fails to declare the above requirements to the company within the time limit, it will not affect the validity of his creditor's rights, and the related debts (obligations) will continue to be performed by the company in accordance with the original creditor's rights documents.

Creditors can declare by letter or fax, as follows:

1. Declaration time: May 22, 2020 to July 5, 2020 8:30-11:30 a.m., 13:30-17:30 p.m.

2. The place of declaration and the place where the declaration materials are delivered: No. 88 securities investment department, Heng Lian Road, Chengdong Town, Haian City, Nantong, Jiangsu.

Contact: Wang Shaofeng

Postal Code: 226600

Contact number: 0513-88869069

Fax: 0513-88869069

3. Materials required for claims declaration:

A company creditor can hold the original and photocopy of the contract, agreement and other vouchers existing in proving the relationship between creditor and debtor, and declare it to the company.

If a creditor is a legal person, he shall also carry a copy of the original business license and a copy of the legal person's identity document, and the other party's declaration. Besides the above documents, he shall also carry the original and duplicate copies of the power of attorney and the valid identity card of the agent.

If the creditor is a natural person, he must carry the original and photocopy of the valid identity document at the same time. Besides the above-mentioned documents, he must also carry the original and duplicate copies of the power of attorney and the valid identity document of the agent.

4, others:

(1) by mail, the date of declaration shall be posted on the date of postmark.

(2) by fax, the date of declaration is based on the date of receipt of the document. Please state the word "Declaration of claims".

Notice hereby!

Board of directors of Jiangsu Luen Fat textile Limited by Share Ltd

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