Golden Eagle Shares (600232): Has Completed The Buy Back Plan Cumulative Repurchase Of 40 Million 40 Thousand Yuan Shares

Zhejiang Golden Eagle Limited by Share Ltd announcements of wholly owned subsidiaries receiving partial relocation compensation

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

The company's wholly owned subsidiary, Zhejiang Jinying silk spinning Co., Ltd. (hereinafter referred to as "Jinying silk spinning") has received part of the relocation compensation, which is RMB 50397917 yuan.

Zhejiang Golden Eagle Limited by Share Ltd (hereinafter referred to as the "company") held the Twelfth Meeting of the ninth board of directors in September 25, 2019. It considered and adopted the motion of a wholly owned subsidiary to sign the compensation agreement for resettlement. In October 11, 2019, it held the first time general meeting of shareholders in 2019 to adopt the resolution. Jiaxing economic and Technological Development Zone Tanghui Street owned by state-owned enterprises Zhejiang Xinghui Industrial Co., Ltd., a wholly owned subsidiary of Jin Xing silk spinning house and land use rights, etc., the total compensation price and subsidy amount for this move is RMB 168 million yuan, for details of the announcement of the company's Pro 2019-049 and 2019-054.

Recently, Jinying silk spinning received part of the relocation compensation from Zhejiang Xinghui industrial limited liability company, which is RMB 50397917 yuan.

This move will have a positive impact on the main financial indicators of the company. The company will conduct the corresponding accounting treatment of the above-mentioned compensation according to the relevant provisions of the enterprise accounting standards and the relevant policies on the levy and relocation.

The company will fulfill the obligation of information disclosure in time according to the progress, and invite investors to pay attention to investment risk.

Notice hereby.

Zhejiang Golden Eagle Limited by Share Ltd board of directors

November 7, 2019