Shenzhen Textile A (000045): Liquidation And Cancellation Of Shenfang Import And Export Co., Ltd

Shenzhen textile a (000045) announced in the evening of July 13 that due to the influence of external market and the needs of internal business transformation, the business of shenfang import and Export Co., Ltd. has been terminated since November 2019. In order to improve the overall operation capacity of assets and fully support the development of polarizer main business, according to the resolution of the board of directors of Shengbo optoelectronics, it is decided to dissolve shenfang import and Export Co., Ltd, And set up a liquidation group to start the liquidation procedure. As of the disclosure date of the announcement, the placement of all employees of Shenzhen textile import and Export Co., Ltd. has been completed.

The liquidation and cancellation of shenfang import and Export Co., Ltd. will change the scope of the company's consolidated financial statements, which is conducive to the disposal of inefficient assets, reduce management costs, and will not affect the company's production and operation. The impact of the liquidation and cancellation of shenfang import and Export Co., Ltd. on the current profit and loss is expected to be 7.64 million yuan, and the actual amount is subject to the results of the annual audit confirmation of the audit institution.