No More Than 18 Million Shares Issued By Private Birds.

10 days,

According to the announcement, the application of the China Securities Regulatory Commission's issuance examination committee has made an examination of the application of A private shares issued by the private bird. According to the results of the audit, the application of the non-public offering of A shares has been approved and the number of shares issued by the securities company does not exceed 18 million shares.

According to the A public offering plan (three Revised) issued by in July 26th, before the non-public offering, the company held 78.89% of the company's shares and was the controlling shareholder of the company. Lin Tianfu owns 100% stake in the company and is the actual controller of the company.

According to the maximum number of shares issued by 18 million shares, after the completion of the non-public offering, the company owns 76.64% of the company's shares and remains the controlling shareholder of the company. The actual controller of the company is still Lin Tianfu.

This issue will not lead to changes in control of the birds.

It is mentioned in the plan that the total amount of the proceeds raised is not more than 396 million 448 thousand and 200 yuan (including 396 million 448 thousand and 200 yuan), and plans to invest in the supply chain construction project. The total investment of the project is 550 million 748 thousand and 400 yuan.

The purpose of this issue is to expand the category of independent production and promote the industrialization of independent research and development results.

It is reported that the supply chain construction project will be located in Jinjiang inner hole town Tangshi village and lower village, which is divided into east side production area and west side life supporting area.

East side production area layout production workshop and supporting facilities, plan to build 5 workshops, they are tailoring workshop, clothing shop, sewing workshop, finishing and ironing workshop and finished product workshop.

Among them, the sewing workshop plans to build 80 new garment production lines, with advanced and sophisticated process equipment and utility facilities.

The Western supporting area is mainly equipped with supporting offices and life service facilities.

According to the estimated average output of the equipment, the average number of workers on the production line and the number of working hours per year, the annual output of the project is calculated.

Production capacity of about 10 million pieces / sets, and supporting the construction of warehousing and logistics, workshop office, power distribution room and other facilities.

It is reported that the source of main business income includes clothing, footwear and accessories, which accounted for 42.53%, 56.10% and 1.38% of the main business income in 2015 respectively.

At present, the products of the costumes are mainly made by themselves, and clothing products and accessories are all purchased by outsourcing.

Although the good bird has established good business cooperation with the outsourcing plant, there are still some drawbacks in the outsourcing mode.

Through the construction of garment production and supply chain, the production mode of the clothing products will be gradually pformed from all external production to independent production, and advanced technology should be used to carry out fine production and flexible production, so as to enhance the speed and flexibility of order response, improve the stability of the quality of clothing products, and further improve the profit level of production links, and enhance the profitability of the main business of the company.

At the same time, under the guidance of the sports strategy of "big industry ecology + multi product operation", the sports shoes and clothing business of the popular bird is pforming from the traditional wholesale mode to the diversified, personalized and refined retail mode.

In recent years, the company has continuously strengthened R & D design for the terminal segment market. The independent construction of the apparel production supply chain enables the company's independent research and development achievements to be rapidly pformed into products with competitive market advantages, and provides effective protection for intellectual property rights, which is conducive to the long-term leading position of the company in the market competition of sports shoes and clothing.