Busen Apparel Temporary Suspension Intends To Plan The Owner Of The Actual Controller

In August 8th,

Issued a notice on the progress of the suspension of major matters, announcements that the company is currently planning to pfer shares of general partners of controlling shareholder Shanghai Rui Fei Asset Management Limited (limited partnership), which may lead to changes in the actual controller of listed companies.

It is reported that on August 2016, 1, Zhejiang, Busen

Limited by Share Ltd (hereinafter referred to as the "company") issued a "Notice of suspension of major matters" (Bulletin number: 2016-075) for the planning of major issues. The company's stock (stock short: Busen shares, stock code: 002569) has been suspended since August 1, 2016.

Busen said that during the suspension period, all sides of the company actively discussed and promoted the work.

In view of the uncertainty of the matter, in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules, in order to avoid causing the company's stock price volatility, safeguard the interests of investors and ensure fair information disclosure, the company applies to the Shenzhen stock exchange. The stock has been suspended since the opening of the morning of August 8, 2016, and the company will resume trading after the announcement of the relevant announcement by the designated media.

During the suspension period, the company will fulfill its obligation of information disclosure in accordance with relevant regulations.

Accordingly, it was learned that in the evening of July 18th, the suspension of nearly 8 months of Busen shares announced the termination of the plan to buy the best shot, announced Busen back.

Business.

Busen said that because of the great changes in the domestic stock market environment and policies, Busen and the relevant parties believed that the major asset restructuring conditions were not mature enough. After careful study, from the perspective of protecting the interests of all shareholders and companies of the listed companies, the parties agreed to discuss and reach agreement with each other, and Busen plans to terminate the major asset restructuring.

Affected by this, the company's share price suffered a heavy setback after resumption.

On ~25 July 19th, the company's stock price fell by 34.88% on the 5 trading day.

In August 1st, Busen announced that it intends to disclose major issues temporarily suspended stock.