Jiaxin Silk (002404): Nearly 4.4 Million Yuan Of Compensation Has Been Received

Jiaxin silk (002404) announced on the evening of May 10 that the company received the down payment of RMB 4399329 from Jiaxing Xingyuan Investment Co., Ltd. on May 9, 2022. The company will carry out accounting treatment for the above compensation according to the relevant provisions of the "accounting standards for business enterprises". The specific accounting treatment and the impact on the relevant financial data shall be subject to the results of the annual audit confirmation of the accounting firm.

Prior to that, the company held the 16th meeting of the eighth board of directors on April 25, 2022, which deliberated and passed the proposal on signing the monetary compensation agreement for housing expropriation, and agreed that the company signed the monetary compensation agreement for housing expropriation with Jiaxing Xinxian Investment Development Co., Ltd. and Jiaxing Xingyuan Investment Co., Ltd, The total building area of the houses involved in the expropriation is 7187.48 square meters, the land use right area is 9061.10 square meters, and the total compensation amount is 181771580 yuan.