Zhejiang Busen Apparel Co., Ltd.
Announcement on the Unfreezing of Subsidiary's Bank Account and Freezing of Company's Bank Accounts
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Basic Situation of Bank Account Freezing
Zhejiang Busen Apparel Co., Ltd. (hereinafter referred to as the "Company" or "Busen Apparel") recently learned about the unfreezing of its subsidiary's bank account and the freezing of some of the Company's bank accounts. After preliminary investigation by the Company, the bank accounts were frozen due to a contract dispute case. The specific situation is now announced as follows: