Disposal Of Shares In Shenmao (000850 Shares)

Stock Code: 000850

Anhui Huamao Textile Co., Ltd. on the disposal of shares in the company's progress announcement

I. overview of equity disposal

The seventh (hereinafter referred to as "the seventh meeting of the board of directors of Anhui Textile Co., Ltd.) on share reduction (hereinafter referred to as" the seventh meeting of the board of directors of Anhui Textile Co., Ltd.) on the disposal of shares (hereinafter referred to as "shares reduction") of Xinjiang Textile Co., Ltd. (hereinafter referred to as "the 7th Meeting of the board of directors of Anhui Textile Co., Ltd.) on the share reduction (hereinafter referred to as" the 7th Meeting of the board of directors of Anhui Textile Co., Ltd.) on the disposal of shares (hereinafter referred to as "the 7th Meeting of directors of Anhui Textile Co 30% equity of Xinjiang Zhongtai Haihua Agricultural Investment Co., Ltd. (transfer price: 0 yuan), and authorized the management to handle the above equity disposal procedures. For details, please refer to the announcement of China Securities Times (www.0222) and China Securities Times (cninfo) on March 22, 2020.

II. Progress of equity disposal

Recently, the company received the notice from Xinjiang Lihua (Group) Co., Ltd. and Xinjiang Zhongtai Haihua Agricultural Investment Co., Ltd. that the above equity disposal matters had gone through the industrial and commercial change registration procedures in the market supervision and Administration Bureau of Bayingolin Mongolian Autonomous Prefecture. As of the date of this announcement, the company has received all the above equity disposal funds. The information disclosure media designated by the company are China Securities Journal, securities times and www.cninfo.com.cn. All information of the company is subject to the information published in the above-mentioned designated media. Investors are requested to make prudent decisions and pay attention to investment risks.

3、 Documents for reference

Notice of approval for registration

(1) (bashijiannei) Zi [2020] No.27

(2) bsjnz [2020] No. 28.

It is hereby announced

Board of directors of Anhui Huamao Textile Co., Ltd