Bank Of China Cashmere Industry ((000982): The Progress Of Equity Transfer Of Participating Companies

Ningxia Zhongyin Cashmere Industry Co., Ltd. on the transfer of shares in the company's progress announcement

The company and all members of the board of directors guarantee that the information disclosure content is true, accurate and complete, and there are no false records, misleading statements or major omissions.

Ningxia Bank of China cashmere industry Co., Ltd. (hereinafter referred to as "the company") held the third meeting of the eighth board of directors on July 15, 2021, which deliberated and passed the proposal on selling the equity of Beijing Yongjing cashmere Co., Ltd, The company intends to transfer 31.25% equity of Beijing Yongjing cashmere Co., Ltd. (hereinafter referred to as "Yongjing cashmere") to Inner Mongolia Jingmei cashmere Trading Co., Ltd. with the transfer price of RMB 53.5965 million, According to the preliminary calculation, the transfer income (before tax) of the company is about 3.5965 million yuan (subject to the audit results of the accounting firm). Before the transfer, the company held 31.25% equity of Yongjing cashmere, and Inner Mongolia Jingmei cashmere Trading Co., Ltd. held 68.75% equity of Yongjing cashmere; After the transfer, the company no longer holds the equity of Yongjing cashmere, Inner Mongolia Jingmei cashmere Trading Co., Ltd. holds 100% shares of Yongjing cashmere.

For the above contents, please refer to the announcement on the resolution of the third meeting of the eighth board of directors of Ningxia Zhongyin cashmere Co., Ltd. (Announcement No. 2021-67) and the announcement of Ningxia Zhongyin cashmere Co., Ltd. on selling the equity of Beijing Yongjing cashmere Co., Ltd. (Announcement No. 2021-69) issued by the company on July 16, 2021.

On August 2, the industrial and commercial registration of Yongjing cashmere equity transfer was completed, and the business license was renewed by Fengtai District market supervision and Administration Bureau. On August 3, the company has received the total equity transfer price of RMB 53.5965 million from Inner Mongolia Jingmei cashmere Trading Co., Ltd.

It is hereby announced.

Documents for reference:

1. Business license of Beijing Yongjing cashmere Co., Ltd;

2. Receipt of equity transfer of Beijing Yongjing cashmere Co., Ltd.

Board of directors of Ningxia Zhongyin cashmere Co., Ltd

August 4, 2001