Announcement on the Amendment to the Articles of Association
Stock Code: 002394 Stock Abbreviation: Lianfa Shares Announcement No.: LF2026-007
Jiangsu Lianfa Textile Co., Ltd.
Announcement on the Amendment to the Articles of Association
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Jiangsu Lianfa Textile Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of its seventh Board of Directors on April 22, 2026, and deliberated and passed the "Proposal on Amending the Articles of Association." This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation by way of a special resolution. The specific amendment clauses of the Articles of Association are hereby announced as follows:
I. Reason and Basis for the Amendment to the Articles of Association
In accordance with the "Company Law of the People's Republic of China," the "Guiding Opinions for Listed Company Articles of Association," and other relevant laws and regulations, and combined with the Company's actual situation, it is proposed to amend the Articles of Association.
II. Details of the Amendment to the Articles of Association
| Before Amendment | After Amendment |
|---|---|
| Article 2: The Company was established by发起设立 (establishment by promoters) with the approval of the "Notice on Approving the Restructuring of Nantong Ganglian Textile Co., Ltd. into a Joint Stock Company" (Shangzi [2007] No. 2120) issued by the Ministry of Commerce of the People's Republic of China. It was registered with the Administration for Industry and Commerce of Nantong City, Jiangsu Province, and obtained an enterprise legal person business license. Unified social credit code: 913206007431271330. | Article 2: The Company was established by发起设立 (establishment by promoters) with the approval of the "Notice on Approving the Restructuring of Nantong Ganglian Textile Co., Ltd. into a Joint Stock Company" (Shangzi [2007] No. 2120) issued by the Ministry of Commerce of the People's Republic of China. It was registered with the market entity registration authority in Nantong City, Jiangsu Province, and obtained an enterprise legal person business license. Unified social credit code: 913206007431271330. |
| Article 19: The total number of ordinary shares approved for issuance upon the Company's establishment was 80.9 million shares. At the time of establishment, Jiangsu Lianfa Group Co., Ltd. subscribed for 43.6447 million shares, accounting for 53.95% of the total ordinary shares. Nantong Ganglian International Textile Co., Ltd. subscribed for 27.4753 million shares, accounting for 33.96% of the total ordinary shares. Shanghai Ganghong Investment Co., Ltd. subscribed for 9.78 million shares, accounting for 12.09% of the total ordinary shares. | Article 19: The total number of ordinary shares approved for issuance upon the Company's establishment was 80.9 million shares. At the time of establishment, the promoter Jiangsu Lianfa Group Co., Ltd. subscribed for 43.6447 million shares, accounting for 53.95% of the total ordinary shares. The promoter Nantong Ganglian International Textile Co., Ltd. subscribed for 27.4753 million shares, accounting for 33.96% of the total ordinary shares. The promoter Shanghai Ganghong Investment Co., Ltd. subscribed for 9.78 million shares, accounting for 12.09% of the total ordinary shares. |