Jiaxin Silk (002404): Foreign Investment Progress Of Holding Subsidiary Company

Zhejiang Jiaxin silk Co., Ltd. announcement on the progress of foreign investment of holding subsidiary company

The company and all members of the board of directors guarantee that the contents of information disclosure are true, accurate and complete, and there are no false records, misleading statements or major omissions.

On July 6, 2021, Zhejiang Jiaxin silk Co., Ltd. (hereinafter referred to as "the company") held the 10th meeting of the 8th board of directors, deliberated and passed the proposal on foreign investment of holding subsidiary company, and agreed that Zhejiang Jiaxin Financial Leasing Co., Ltd. and Jiaxing China silk silk Home Textile Co., Ltd. jointly contributed 90 million yuan, Guangxi Jiaxin pawn Co., Ltd. (hereinafter referred to as "Jiaxin pawn"). For details, please refer to the announcement on foreign investment of holding subsidiaries (Announcement No.: 2021-044) published in the securities times, China Securities Journal and www.cninfo.com.cn on July 8, 2021.

On July 9, 2021, Jiaxin pawn completed the industrial and commercial establishment registration procedures, and obtained the business license issued by the market supervision and Administration Bureau of Yizhou District, Hechi City. For details, please refer to the Securities Times published on July 13, 2021 China Securities Journal and www.cninfo.com.cn published the announcement on the progress of foreign investment of holding subsidiaries (Announcement No.: 2021-045).

On August 11, 2021, Jiaxin pawn received the reply on Approving the establishment of Guangxi Jiaxin pawn Co., Ltd. and the pawn business license issued by the local financial supervision and Administration Bureau of Guangxi Zhuang Autonomous Region, and approved the establishment and development of pawn related business of Guangxi Jiaxin pawn Co., Ltd《 The relevant registration information of pawn business license is as follows:

Name: Guangxi Jiaxin pawn Co., Ltd

Code: 45209a10021

Address: room 809, building 1, Jiaxin Yizhou silk garden, No.1 Shuntian Road, Yizhou District, Hechi City, Guangxi Zhuang Autonomous Region

Registered capital: 90 million yuan only

Scope of business: pawn business of chattel pledge; Pawn business of property right pledge; Real estate (except the real estate of other provinces, autonomous regions and municipalities directly under the central government or the projects under construction without the pre-sale license of commercial housing) mortgage and pawn business; The sale of absolute goods within the quota; Appraisal and consultation services; Other pawn business approved according to law.

Legal representative: Liu Zhuoming

Term of validity: ten years.

Board of directors of Zhejiang Jiaxin silk Co., Ltd

August 13, 2021