Xinye Textile: 52 Million Shares Pledged By Xinye County Finance Bureau

Xinye textile (SZ (002087, closing price: 4.12 yuan) according to the announcement issued on the evening of October 29, Henan Xinye Textile Co., Ltd. recently received a notice from the controlling shareholder Xinye County Finance Bureau that the shareholder had recently cancelled the equity pledge agreement signed with the Henan Branch of the Export Import Bank of China, and held 52 million shares of the company's non tradable shares, accounting for about 6.37% of the total share capital of the company, and on the 20th On October 27, 20, it went through the procedures for the cancellation of pledge registration in Shenzhen Branch of China securities registration and Clearing Co., Ltd. As of the date of this announcement, Xinye County Finance Bureau has held about 223 million shares of the company, accounting for about 27.30% of the total shares of the company; among them, the number of shares under pledge is about 110 million, accounting for 49.56% of the total shares of the company and 13.53% of the total share capital of the company.

The semi annual report of 2020 shows that Xinye textile's main business is cotton textile industry, accounting for 100.0% of revenue.

The chairman of Xinye textile is Wei Xuezhu, male, 72 years old, bachelor degree, senior economist. The general manager of Xinye textile is Tao Guoding, male, 57 years old, bachelor degree, senior engineer.