Changshan Beiming (000158): Ending The Construction Of Textile And Garment Comprehensive Project In Xinjiang

Shijiazhuang Changshan Beiming Technology Co., Ltd. notice on the termination of the construction of textile and garment comprehensive project in Xinjiang

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

Shijiazhuang Changshan Beiming Technology Co., Ltd. (hereinafter referred to as "the company") deliberated and passed the "proposal on terminating the construction of textile and clothing comprehensive project in Xinjiang" at the 2019 annual general meeting held on May 19, 2020. Due to changes in the market environment and the company's business strategy, the company terminated its investment in the construction of textile and clothing comprehensive project in Xinjiang (hereinafter referred to as the "project")（ For details, please refer to the announcement on termination of the construction of comprehensive textile and garment projects in Xinjiang (Company No. 2020-021) disclosed by the company in China Securities Journal, securities times and CNKI on April 25, 2020.

As of March 30, 2021, Xinjiang Changshan Henghong Textile Technology Co., Ltd., the registered project company of the project, has received the notice of approval for cancellation of registration issued by the market supervision and Administration Bureau of alar city, and has been approved to cancel the registration.

The termination of the project is expected to affect the net profit of the company in 2020 by about 9 million yuan. The specific amount is subject to the annual audit results of the company.

Board of directors of Shijiazhuang Changshan Beiming Technology Co., Ltd

April 1, 2021