Shenzhen Textile A (000045): Completed Repurchase Cancellation Of Restricted Stock About 1 Million 936 Thousand

In September 16th, the Shenzhen textile (Group) Limited by Share Ltd (hereinafter referred to as "Shenzhen textile A") issued a notice that, as of the date of disclosure, the number of restricted shares written by Shenzhen textile A was 1935720 shares, accounting for 0.38% of the total share capital of Shenzhen textile A before the repurchase. The total share capital of Shenzhen textile A will be reduced from 511274149 shares to 509338429 shares after the repurchase is cancelled. The 116 repurchase target holders of the repurchase period held 1877720 shares of the first phase of the restricted stock which had not lifted the restricted sale condition, and the total number of restricted stock held by 3 original incentive objects who resigned for personal reasons totaled 58000 shares, representing a total of 1935720 restricted stocks, accounting for 40.73% of the total number of restricted shares actually granted in the restricted stock incentive plan in 2017, accounting for 0.38% of the 511274149 shares of the total share of Shenzhen textile A before the repurchase.

It is learnt that, according to the relevant provisions of the company's restricted stock incentive plan (Draft) in 2017, the restricted shares issued by Shenzhen textile A are allowed to carry out performance appraisal and release the restricted sales in the three accounting years of the lifting of the restricted period, so as to achieve the goal of performance evaluation as the incentive to release the restricted conditions. In view of the fact that the financial performance appraisal of Shenzhen textile A2018 failed to meet the standards, it would not satisfy the first lifting of the restricted conditions for the lifting of the restricted period of sale. The 116 restricted shares that had been awarded but had not yet been lifted were required to be revoked by the 1877720 restricted stock. The original incentive object Zhang Yu, Hu Kaihua, Luo Chengxia total of 3 people quit for personal reasons. According to the relevant provisions of the company's restricted stock incentive plan (Draft) in 2017, the person has not met the incentive conditions, and has been revoked by the Shenzhen textile A for the 58000 restricted shares that have been awarded but not yet released.

As of the close of September 16th, the market value of Shenzhen textile A nearly 4 billion 100 million yuan, ranking twenty-fourth in the industry, today's market value fell 1.24%, the industry rose 0.13% on average.