Zhejiang Busen Garments Co.Ltd(002569)
Annual report for 2021
2022026
April 2022
Section I important tips, contents and definitions
The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
Wang Yazhu, the person in charge of the company, Liu Tingting, the person in charge of accounting, and Yu Yanfei, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in this annual report.
All directors have attended the meeting of the board of directors to consider this report.
Asia Pacific (Group) Certified Public Accountants (special general partnership) has issued an unqualified audit report with highlighted items for the company. The board of directors and the board of supervisors of the company have explained the relevant matters in detail, which should be read by investors.
On December 3, 2021, the company received the notice of filing a case by China Securities Regulatory Commission (Zheng Jian Li Jian Li Jian Zi No. 01120201013). Because BUSEN shares is suspected of illegal information disclosure, 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 April 8, 2022, the company received the advance notice of administrative punishment (zjz [2022] No. 9) issued by Zhejiang securities regulatory bureau of China Securities Regulatory Commission. The company was ordered to make corrections, given a warning and imposed an administrative penalty of 500000 yuan for suspected illegal information disclosure. The forward-looking statements such as development strategies and plans involved in this report do not constitute the company’s substantive commitment to investors. Investors and relevant persons should maintain sufficient risk awareness and understand the differences between plans, forecasts and commitments. Please pay attention to investment risks.
The company described in detail the possible risks and Countermeasures in the company’s operation in section Xi. Outlook for the company’s future development in Section III “management discussion and analysis” of this report period. Please pay attention to the relevant contents.
The company plans not to distribute cash dividends, bonus shares or increase share capital with provident fund.
catalogue
Section I important tips, contents and definitions Section 2 company profile and main financial indicators Section III Management Discussion and Analysis Section IV corporate governance Section V environmental and social responsibility 57 section VI important matters 58 Section VII changes in shares and shareholders 87 Section VIII preferred shares 96 section IX relevant information of bonds 97 section x financial report ninety-eight
Directory of documents for future reference
1. Accounting statements with the signatures and seals of the legal representative of the company, the person in charge of accounting and the person in charge of accounting institutions. 2. The original of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant. 3. The originals of all company documents and announcements publicly disclosed by Securities Daily, securities times, China Securities News and cninfo during the reporting period.
interpretation
Explanatory item refers to the explanatory content
Company or listed company refers to Zhejiang Busen Garments Co.Ltd(002569)
Dongfang Hengzheng refers to Beijing Dongfang Hengzheng science and Trade Co., Ltd
Yilianhuihua refers to yilianhuihua (Beijing) Technology Co., Ltd
Guangdong Xinhui refers to Guangdong Xinhui e-commerce Co., Ltd
Ruiji asset or Shanghai Ruiji refers to Shanghai Ruiji asset management partnership (limited partnership)
CSRC refers to the China Securities Regulatory Commission
Shenzhen stock exchange refers to Shenzhen Stock Exchange
The reporting period or the current reporting period refers to the period from January 1, 2021 to December 31, 2021
Section II Company Profile and main financial indicators
1、 Company information
Stock abbreviation: St BUSEN Stock Code: Zhejiang Busen Garments Co.Ltd(002569)
Shenzhen Stock Exchange
Chinese name of the company Zhejiang Busen Garments Co.Ltd(002569)
The Chinese abbreviation of the company is BUSEN Co., Ltd
Foreign language name of the company (if any) Zhejiang BUSEN Garments Co., Ltd
Abbreviation of the company’s foreign name (e.g
(yes) BUSEN
The legal representative of the company is Wang Yazhu
Registered address: No. 419 BUSEN Avenue, Fengqiao town, Zhuji City, Zhejiang Province
Postal code of registered address 311811
There is no historical change of the company’s registered address
Office address: approval center, No. 9, Feiyunjiang Road, Shangcheng District, Hangzhou, Zhejiang Province
Postal code of office address 310000
Company website: www.busen.com cn.
E-mail [email protected].
2、 Contact person and contact information
Secretary of the board of directors and securities affairs representative
Name: Zhang you, Yu Liping
Contact address: approval center, No. 9, Feiyunjiang Road, Shangcheng District, Hangzhou, Zhejiang
Tel: (0571) 87837827 (0571) 87837827
Fax (0571) 87837827 (0571) 87837827
E-mail [email protected]. [email protected].
3、 Information disclosure and preparation location
The websites of the stock exchange on which the company discloses the annual report include securities times, Securities Daily, China Securities News and cninfo
Media name and website of the annual report disclosed by the company www.cn info. com. cn.
The company’s annual report is prepared at the Securities Department of the company
4、 Registration changes
Organization Code: 91330 Sufa Technology Industry Co.Ltd.Cnnc(000777) 214673r
Changes in the company’s main business since its listing (if there is no change)
BUSEN group, the former controlling shareholder of the company, signed the share transfer agreement with Ruiji assets on March 30, 2015, and BUSEN group and Dasen investment signed the share transfer agreement with Qiu Li, a natural person on March 30, 2015.
Ruiji assets agreed to transfer 41.8 million BUSEN shares held by BUSEN group, 6.99 million BUSEN shares held by BUSEN group and 7.01 million BUSEN shares held by Dasen investment by natural person Qiu Li. On May 5, 2015, China Securities Depository and Clearing Co., Ltd. issued the confirmation of transfer registration, and the transfer registration procedures have been completed for this share transfer. BUSEN group holds 34.58 million BUSEN shares, accounting for 24.70% of the total share capital of the listed company; Qiu Li, a natural person, holds 14 million shares of BUSEN, accounting for 10.00% of the total share capital of the listed company. Dasen investment holds 2.965 million shares of BUSEN, accounting for 2.12% of the total share capital of the listed company. Ruiji assets holds 41.8 million shares of BUSEN, accounting for 29.86% of the total share capital of the listed company, becoming the controlling shareholder of the company, As the general partner of Ruiji assets, Feifan Lingyu, natural persons Yang Chen, Tian Yu, Mao Guiliang and Liu Jing have signed a concerted action agreement and become the actual controller of BUSEN shares by holding Feifan Lingyu.
Changes of previous controlling shareholders (if any) in October 2017, Ruiji assets signed the equity transfer agreement with Anjian technology. According to the agreement, Anjian technology will hold 22.4 million shares of BUSEN shares, accounting for 16% of the total share capital of BUSEN shares; Meanwhile, Anjian technology accepted the entrustment of 19.4 million shares of BUSEN shares held by Ruiji assets, and the two sides signed the agreement on concerted action on October 25, 2017. Anjian technology controlled 29.86% of the voting rights of BUSEN shares in total. The shares involved in the above agreement have submitted the transfer documents on November 15, 2017 and obtained the acceptance receipt of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd. and the confirmation of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd. on November 16, 2017, The controlling shareholder of the company was changed from Ruiji assets to Anjian technology, and the actual controller of the company was changed from Xu Maodong to Zhao Chunxia.
On April 29, 2019, Dongfang Hengzheng obtained 22400000 shares of the company (accounting for 16.00% of the total shares of the company) held by Anjian technology, the former controlling shareholder of the company, through judicial auction, becoming the largest shareholder of the company. On September 27, 2019, the second extraordinary general meeting of the company in 2019 deliberated and approved Dongfang hengzhengti
