Shenda Shares ((600626): To Transfer 100% Equity Of Lida Garment

On July 8, glonghui (600626. SH) announced that Shanghai Shenda import and Export Co., Ltd. (hereinafter referred to as "Shenda import and export") and Shanghai Bada textile printing and dyeing Garment Co., Ltd. (hereinafter referred to as "Bada textile", together with Shenda import and export, hereinafter referred to as "Transferor") publicly transferred the jointly held Shanghai through Shanghai United Property Exchange 100% equity of Lida Garment Co., Ltd. (hereinafter referred to as "Lida Garment Co., Ltd.). During the listing period, an interested party was finally formed, that is, Shanghai 1233 industry and Trade Co., Ltd. (hereinafter referred to as" 1233 industry and trade "), and 1233 industry and trade was transferred with RMB 25892900.

Lida Garment Co., Ltd. has been out of production for many years, and the plant is mainly used for external leasing; however, its rent to sell ratio and capital utilization ratio are relatively low, so its equity is transferred based on the company's strategic development. This transaction does not involve personnel placement and will not have a significant adverse impact on the company.