Jiaxin Silk (002404): Non Public Offering Of Restricted Shares To Lift Restrictions On Sale

Stock Code: 002404 securities short: Jiaxin silk bulletin number: 2019 - 009

Zhejiang Jiaxin silk Limited by Share Ltd prompts notice on the release of restricted shares in non-public offering

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.

Special note:

1. the Zhejiang Jiaxin silk Limited by Share Ltd (hereinafter referred to as the "company") has lifted the number of restricted shares of the restricted common stock (A shares) to 57023641 shares, accounting for 9.87% of the total shares of the company.

2. the circulation date of the current limited sale shares is March 6, 2019.

1. The basic situation of the lifting of the restricted shares:

Approved by the China Securities Regulatory Commission (CSRC), [2017]1638 approved the approval of Zhejiang Jiaxin silk Limited by Share Ltd's non-public development bank stock. The company issued a public offering of 57023641 shares of RMB common stock (A shares) in February 2018. The issue price was RMB 7.19 yuan / share. The shares were listed on the Shenzhen stock exchange in March 6, 2018.

The target and restricted sale of the non-public offering stock are as follows:

Two, the lifting of the listed shares of the restricted circulation arrangements:

1. the time limit for the release of restricted shares is March 6, 2019.

2. the number of listed shares of the lifting of the restricted shares is 57023641 shares, accounting for the current shares of the company.

The total number is 9.87%.

3. the investors who apply for the lifting of shares are restricted to Golden Eagle Fund Management Co., Ltd., Huaan future asset management (Shanghai) Co., Ltd., Lu Haihong and Changxin Fund Management Co. Ltd., a total of 4 specific investors.

4. the listed circulation of the lifting of restricted shares is as follows:

5. the shareholders of the lifting of the restricted shares shall be the holders of the specific shares of the non-public offering. The reduction shall strictly abide by the relevant provisions of the implementing rules for the reduction of shares held by the shareholders of listed companies and the directors and supervisors of the directors of the stock exchange (SFC Announcement No. [2017]9) and the detailed rules for the implementation of the reduction of shares of the shareholders and directors, supervisors and senior management personnel of the listed companies of the Shenzhen stock exchange. The board of directors will pay attention to the reduction of the relevant shareholders at any time, and urge the relevant shareholders to strictly abide by the relevant laws and regulations.

Three. The capital structure of the company before and after the lifting of the restrictions:

Four, the application to lift the commitments and commitments of the restricted shareholders:

According to the relevant rules and regulations of the listed companies' implementation rules for non-public development stocks, the 4 investors who have lifted the restricted sale have committed themselves in the company's non-public offering shares. The non-public offering shares they subscribed will not be pferred within 12 months from the date of listing, and the subscription period for such non-public offering subscriptions will be postponed from March 6, 2018 to March 5, 2019 (non trading days).

As of the date of this announcement, 4 shareholders, Jinying Fund Management Co., Ltd., Huaan future asset management (Shanghai) Co., Ltd., Lu Haihong, and Changxin Fund Management Co., Ltd., which have lifted the restricted sale, have strictly fulfilled the above commitments.

Five, the sponsor shall examine the concluding observations:

After verification, the Dongxing securities Limited by Share Ltd, a sponsor of the company, issued a verification opinion on the listed shares of the company's Restricted Shares:

1. the circulation of shares listed in the limited sale conforms to the provisions of relevant laws and regulations such as the measures for the management of the sponsor business of securities issuance and the rules for the listing of stocks on the Shenzhen stock exchange.

2. the amount of the sale of the limited shares and the time of circulation in circulation conform to the relevant laws and regulations and the limited sale

Promise;

3. the information disclosure of the restricted stock circulation is true, accurate and complete; 4., the sponsoring body has no objection to the lifting of the ban on the sale of shares of the silk non-public offering shares.

Six. Reference documents:

1. application for listing of restricted shares; 2. listing application for restricted shares; 3. stock structure list and restricted stock list; 4. Dongxing securities Limited by Share Ltd's verification opinions on Zhejiang Jiaxin silk Limited by Share Ltd's non public offering of restricted shares.

Notice hereby.

Zhejiang Jiaxin silk Limited by Share Ltd board March 1, 2019