Shenzhen Textile A (000045): The Subsidiary Was Sued By 40% Shareholders And Demanded To Be Dissolved

Shenzhen textile a (000045) announced on the evening of June 23 that the company and its holding subsidiary Shenzhen Shengbo Optoelectronic Technology Co., Ltd. (hereinafter referred to as "Shengbo optoelectronics") have recently received legal documents such as notice of participation in litigation, notice of response to action, summons and civil complaint served by Pingshan people's Court of Shenzhen City, Guangdong Province, He was informed that the court had accepted the case of Hangzhou Jinhang equity investment fund partnership (hereinafter referred to as "Jinhang fund") v. Shengbo optoelectronics for dissolution, and informed the company to participate in the lawsuit as a party in the case, and Shengbo optoelectronics as the defendant of the case. The case will be heard in Pingshan people's Court of Shenzhen City, Guangdong Province at 9:30 on July 15, 2022.

It is reported that the company introduced Hangzhou Jinjiang Group Co., Ltd. (hereinafter referred to as "Jinjiang Group") as a strategic investor for the capital increase and share expansion of Shengbo optoelectronics at the end of 2016, and Jinhang fund, as the capital increase subject, subscribed for 40% equity of Shengbo optoelectronics, with the capital increase amount of 1352.64 million yuan. The company signed an agreement with Jinjiang Group and Jinhang fund on December 30, 2016, in which Jinjiang Group made three-year performance commitments for Shengbo Optoelectronics in 2017, 2018 and 2019. In July 2021, Jinjiang Group transferred all its rights and interests in Jinhang fund to Suzhou advantagedford Investment Center (hereinafter referred to as "advantageford"), and Jinjiang Group is no longer the actual controller of Jinhang fund, and qiangfu becomes the new actual controller of Jinhang fund. After the actual controller of Jin Hang fund was changed to advantage Ford, it and the company had differences in the development ideas and management of Shengbo optoelectronics. Jinhang Fund believes that, as a shareholder of Shengbo optoelectronics, its legal or agreed shareholders' rights have not been effectively protected, and a series of shareholders' rights have been deprived; If the internal governance structure such as the shareholders' meeting and board of directors of Shengbo optoelectronics fails, the shareholders' interests of Jinhang fund may suffer heavy losses if it continues to exist; At present, Shengbo has been unable to solve other management difficulties.

The company believes that Shengbo optoelectronics does not have the circumstances that should be dissolved as stipulated in Article 182 of the company law and Article 1 of the judicial interpretation of the company law (2), and the above-mentioned causes of action are inconsistent with the actual situation. The company and Shengbo optoelectronics will exercise their litigation rights in accordance with the law, entrust professional lawyers to actively and reliably prepare for litigation based on facts and laws, and safeguard the legitimate rights and interests of the company and all shareholders in accordance with the law. At the same time, the company will actively communicate with Jinhang fund and advantaged Ford to maintain the continuous operation of Shengbo optoelectronics.