Zhejiang Busen Garments Co.Ltd(002569) : Announcement on the completion of industrial and commercial deregistration of the subsidiary Nanchang Xuanqi Technology Co., Ltd

Securities code: Zhejiang Busen Garments Co.Ltd(002569) securities abbreviation: St BUSEN Announcement No.: 2022030 Zhejiang Busen Garments Co.Ltd(002569)

About the subsidiary Nanchang Xuanqi Technology Co., Ltd

Announcement on completion of industrial and commercial deregistration

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.

1、 Overview

In order to further integrate the existing resource allocation, optimize the internal management structure, reduce management costs and improve operation efficiency, according to the company’s development strategy and business plan, Zhejiang Busen Garments Co.Ltd(002569) (hereinafter referred to as “the company”, “the company”, “listed company” or “BUSEN shares”) held the 16th meeting of the sixth board of directors on November 17, 2021, The proposal on canceling the subsidiary Nanchang Xuanqi Technology Co., Ltd. was reviewed and passed, and the management was authorized to handle relevant liquidation and cancellation according to law. For details, please refer to the announcement on cancellation of subsidiary Nanchang Xuanqi Technology Co., Ltd. (Announcement No.: 2021148) disclosed on cninfo.com on November 18, 2021.

On April 29, 2022, Nanchang Xihu District administrative examination and approval Bureau issued the cancellation certificate, and the industrial and commercial cancellation registration formalities of Nanchang Xuanqi Technology Co., Ltd. have been completed.

2、 Impact on the company

After the completion of this cancellation, Nanchang Xuanqi Technology Co., Ltd. will no longer be included in the scope of the company’s consolidated financial statements, which will not have a substantive impact on the company’s overall business development and financial status, nor will it damage the company and all shareholders.

It is hereby announced.

Zhejiang Busen Garments Co.Ltd(002569) board of directors April 29, 2022

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