Sinor Men'S Clothing Transfer 100% Equity Of Shandong Shinur

On December 21, shinur men's wear Co., Ltd. announced that the company held the second meeting of the Fifth Board of directors, and agreed to transfer 100% of the equity of Shandong xinur men's wear Co., Ltd. to groom xinur Group Co., Ltd., and to use the "assets appraisal report" (No.: CGS appraisal report No. [2020] issued by Guangdong zhongguangxin asset appraisal company Based on the appraisal value of the subject equity confirmed by both parties, the above equity transfer price is RMB 507.8676 million.

The main financial data of Shandong xinur in the latest year and the first period are as follows (not audited)

Hinour said that the transaction is based on the needs of strategic planning and business development, is an appropriate optimization of the company's business, is conducive to enhancing the sustainable development ability and profitability, has no adverse impact on the company's operation, and conforms to the long-term development plan and the interests of all shareholders. It is estimated that the impact of the transaction on the company's total profit in 2020 will be about 27.6228 million yuan.