According To LA Charbelle (06116) Of The Hong Kong Stock Exchange, The Announcement Of Bankruptcy Application

On the evening of November 22, according to the announcement of the Hong Kong stock exchange, lashabel (06116) said that the express company transferred from the people's Court of Xinshi District of Urumqi city on November 22, 2021 learned that the creditors of the company, Jiaxing Chengxin Garment Co., Ltd., Haining mangrove Clothing Co., Ltd., and Zhejiang Zhongda Xinjia Trading Co., Ltd., submitted bankruptcy application to them.

According to the relevant regulations, the bankruptcy cases of the company should generally be under the jurisdiction of the intermediate people's court, because the registration authority of the company is the market supervision and Administration Bureau of Xinjiang Uygur Autonomous Region. If the applicant applies to the new urban district court (the basic people's court) for bankruptcy liquidation of the company, and the request does not conform to the relevant legal procedures, the company will timely submit the objection application for bankruptcy liquidation to the new urban district court; At the same time, the company has not received any court ruling on the bankruptcy liquidation.

According to public information, La chapel is a fashion group with multiple brands and omni-channel operation, which is located in the mass consumer market. The enterprise was established on March 14, 2001 with a registered capital of about 548 million yuan. It is reported that the company has 172 records of restricting high consumption and 22 records of persons subjected to execution, with a total amount of about 670 million yuan and 697 judicial cases involved, 77.47% of the cases were defendants, and the cause of action was the processing of contract disputes.

According to the latest financial report, the operating revenue of La chapel in the first three quarters was 365 million, down 78.16% compared with last year; The net loss attributable to the owners of the parent company was 289 million yuan, narrowed compared with the net loss of 800 million yuan in the same period of last year; In the third quarter, the operating revenue was 86.703 million yuan, and the net loss was 51.678 million yuan.

In response to this incident, the group said that it would continue to follow up the progress and fulfill its obligation of information disclosure in a timely manner in accordance with relevant provisions.