Securities code: 002875 securities abbreviation: Annil Co.Ltd(002875) Announcement No.: 2022-010
Announcement on the cancellation of foreign investment agreement by wholly-owned subsidiaries
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 of foreign investment
On January 12, 2022, Annil Co.Ltd(002875) (hereinafter referred to as “the company”) held the 18th meeting of the third board of directors, deliberated and adopted the proposal on foreign investment of wholly-owned subsidiaries, It is agreed that Shenzhen Annil Co.Ltd(002875) R & D Design Co., Ltd., a wholly-owned subsidiary of the company, will transfer 20% of the equity of Shenzhen Hongdong Vision Culture Communication Co., Ltd. (hereinafter referred to as “Hongdong vision”) held by Changsha Kangzhuo garment partnership (limited partnership) with cash of 80 million yuan. The company signed the investment agreement on Shenzhen Hongdong horizon Culture Communication Co., Ltd. (hereinafter referred to as the “investment agreement”) with the trading parties. For details, see the company’s publication in the securities times, China Securities News and cninfo.com on January 13, 2022（ http://www.cn.info.com.cn. ）Announcement on foreign investment and asset purchase of wholly-owned subsidiaries. 2、 Reasons for terminating the investment agreement
Kwai’s investment is aimed at using the red mobile experience and resources to help companies sell live sales on the platform such as jitter and tiktok, and enhance their profitability. Since the preparation of this foreign investment, the company has actively promoted investment related work with relevant parties, entrusted professional institutions to conduct full due diligence on Hongdong vision’s finance, legal affairs and business, and conducted in-depth and detailed analysis and demonstration on this investment. However, in view of the changes in the current external environment, this investment involves changes in the main terms. In order to effectively safeguard the interests of the company and all shareholders, after careful research, the parties to the transaction terminate this investment agreement through negotiation.
3、 Impact of the cancellation of the investment agreement on the company
The Company Apologizes for the inconvenience caused by the cancellation of the investment agreement to the majority of investors, and expresses heartfelt thanks to all investors who have paid attention to and supported the development of the company for a long time. The cancellation of this investment agreement will not have a significant adverse impact on the company’s production and operation and future development, and there is no situation that damages the interests of the company and all shareholders. The company will continue to use various resources and advantages to promote the sustainable and healthy development of the company and enhance the core competitiveness of the company. Annil Co.Ltd(002875) board of directors January 20, 2022
