Jiaxin Silk (002404): Transfer Registration Has Completed The Second Largest Shareholder Of The Company.

Jiaxin silk (002404.SZ) announces that the Kai Xiya international Limited by Share Ltd ("Kai Xiya international") holding more than 5% shareholders of the company has signed the "capital increase agreement on Kai Xiya Investment Co., Ltd. of Zhejiang" with its wholly owned subsidiary, Zhejiang Kai Xiya Investment Co., Ltd. ("Kai Xiya investment") in December 30, 2019. According to the agreement, Kay Heya international will sell 92 million 490 thousand and 71 shares of the company's unlimited shares (16.01% of the total share capital) of the company, and transfer the price contribution agreement to Kay Heya investment in the form of non monetary contribution.

In February 24, 2020, Katy international received the certificate of registration of securities transfer issued by China Securities Depository and Clearing Co., Ltd. Shenzhen branch. The 92 million 490 thousand and 71 shares of the company held by Katy Asia were completed in February 21, 2020, and the shares were sold in an unlimited sale condition. After the completion of the securities transfer registration, Kai Xi Ya invested 92 million 490 thousand and 71 shares of the company, accounting for 16.01% of the total share capital of the company, and the second largest shareholder of the company. Kay Heya international is no longer a direct share of Holding Company, but indirectly holds the company's corresponding equity interest through the investment of Kay Heya.