Zhejiang Busen Garments Co.Ltd(002569) : Announcement on the progress of investigation and risk warning

Securities code: 002569 securities abbreviation: St BUSEN Announcement No.: 2022-005

Zhejiang Busen Garments Co.Ltd(002569)

Announcement on the progress of investigation and risk warning

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Zhejiang Busen Garments Co.Ltd(002569) (hereinafter referred to as “the company”) received the notice of China Securities Regulatory Commission on case filing (Zheng Jian Li Jian Li Jian Zi No. 01120201013) on December 3, 2021. Because the company is suspected of violating laws and regulations in information disclosure, the China Securities Regulatory Commission decided to file a case for investigation in accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations. On December 4, 2021, the company disclosed the announcement on receiving the notice of filing a case from the CSRC (Announcement No.: 2021-158) on the designated information disclosure media, and on January 5, 2022, the announcement on the progress of filing an investigation and risk warning (Announcement No.: 2022-001) on the designated information disclosure media. As of the date of this announcement, the above investigation is still in progress, and the company has not received the concluding opinions or decisions of the CSRC on the above investigation matters. During the investigation, the company will fully cooperate with the investigation work of the regulatory authorities, and perform the obligation of information disclosure in strict accordance with the regulatory requirements.

According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, if the company is subject to administrative punishment by the CSRC and the illegal act involves major illegal compulsory delisting, the company’s shares may be subject to the risk of delisting. The company will disclose a risk warning announcement once a month in accordance with relevant regulations.

The information disclosure media designated by the company are securities times, Securities Daily, China Securities News and cninfo. Com. All information of the company shall be subject to the announcement published by the company in the above media. Please pay attention to the investors and pay attention to the investment risks.

It is hereby announced.

Zhejiang Busen Garments Co.Ltd(002569) board of directors January 28, 2022

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