Shandong Ruyi Woolen Garment Group Co.Ltd(002193) : Announcement on the court’s rejection of the application for bankruptcy liquidation of the controlling shareholder

Securities code: Shandong Ruyi Woolen Garment Group Co.Ltd(002193) securities abbreviation: Shandong Ruyi Woolen Garment Group Co.Ltd(002193) Announcement No.: 2022008 Shandong Ruyi Woolen Garment Group Co.Ltd(002193)

Announcement on the court’s rejection of the application for bankruptcy liquidation of the controlling shareholder

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.

Shandong Ruyi Woolen Garment Group Co.Ltd(002193) (hereinafter referred to as “the company”) is concerned that the national enterprise bankruptcy and reorganization case information network recently disclosed that the applicant Beijing Derong Yingxin Investment Consulting Co., Ltd. (hereinafter referred to as “Beijing Derong”) filed a lawsuit against Shandong Ruyi Technology Group Co., Ltd. (hereinafter referred to as “Ruyi technology”) the controlling shareholder of the respondent company to the people’s Court of Jining high tech Industrial Development Zone (hereinafter referred to as “Jining high tech Zone court”) “Controlling shareholder” and “respondent”) apply for bankruptcy liquidation [(2022) Lu 0891 Po Shen No. 3]. The company inquired the parties in time and verified the relevant information. The relevant information is hereby announced as follows:

1、 Basic information

Recently, Beijing Derong applied to the court of Jining high tech Zone for bankruptcy liquidation on the grounds that Ruyi technology was insolvent and lacked solvency.

On April 21, 2022, the court of Jining high tech Zone issued (2022) Lu 0891 Boshen No. 3 civil ruling, which ruled that the applicant’s application for bankruptcy liquidation would not be accepted because it did not meet the conditions for bankruptcy liquidation.

2、 Impact of this event on the company

1. The court of Jining high tech Zone has ruled that it will not accept the application for bankruptcy liquidation of Beijing Derong, which will not affect the company.

2. The company and Ruyi technology are independent legal persons, with independent and complete business and independent operation ability, and remain independent from them in terms of assets, personnel, business, finance, institutions, etc. As of the disclosure date of this announcement, the daily operation and management of the company is normal.

The company will continue to pay attention to the follow-up progress of the above matters and timely perform the obligation of information disclosure in accordance with the relevant provisions of laws and regulations. China Securities Journal, securities times and cninfo (www.cn. Info. Com. CN.) It is the information disclosure media designated by the company. All information of the company shall be subject to the information published in the above designated media. Investors are invited to invest rationally and pay attention to risks.

It is hereby announced.

Shandong Ruyi Woolen Garment Group Co.Ltd(002193) board of directors

April 25, 2022

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