Shanghai Jialin Jie Textile: Announcement On The Establishment Of A Subsidiary In Switzerland

Code: 002486 securities short: Jialin Jie announcement number: 2012-045

Shanghai Jialin Jie textile Limited by Share Ltd announcements on the establishment of a subsidiary in Switzerland

I. summary of this external investment

1, in order to actively close to the overseas market, promote the establishment of the international marketing channel of the company's own sportswear brand "Super Natural", and improve the profit level of the company's products, the company plans to invest 480 thousand Swiss francs to set up a stock holding company in ch'g state, Switzerland.

2, this investment has been adopted and taken effect by the eleventh session of the second board of directors of the company.

3. This foreign investment does not constitute a related paction, nor does it constitute a major asset reorganization stipulated in the administrative measures for the major asset reorganization of listed companies.

Two, counterparty introduction

The other parties to invest in Switzerland to set up a subsidiary are Additive partners AG.

The basic situation is as follows:

Registered address: Riedtlistrasse 27, CH-8006 Z u rich, Switzerland

Legal representative: Umbricht, Roger

Registered capital: 100 thousand Swiss Franc

Main business: business strategy, marketing and sales consultation.

Additive partners AG has nothing to do with the company.

Three. The basic situation of the proposed investment target.

Company name: Super.Natural Europe Ltd.Zug

register

600 thousand Swiss francs

Main business: purchase and sale of textiles and other consumer goods.

Legal representative: Huang Weiguo

Registering area: Chu Gezhou, Switzerland

Shareholder investment composition:

(monetary unit: Swiss Franc)

(Note: the above information is subject to final registration.

)

Four. Main contents of foreign investment contracts

1, general situation:

The two sides plan to set up a Swiss limited company named Super.Natural Europe Ltd.Zug (whichever is final registration).

The company is located in chage state, which mainly purchases and sells textiles and other consumer goods. The company's paid up capital is 600 thousand Swiss francs, of which Shanghai Jialin Jie textile Limited by Share Ltd holds 80%, and Additive partners AG holds 20%.

2. Board arrangement

The two sides promise to ensure that the members of the board are elected and the minority shareholders have a seat on the board of directors.

3, the validity period of the agreement

The term of this agreement is 10 years.

If the agreement is not terminated 12 months before the expiry date, the validity period shall be automatically extended for two years.

4. Arbitration and jurisdiction law

In the event of any dispute, dispute or claim arising out of this agreement or in connection with this agreement, or any violation, termination or wrongdoing, arbitration shall be conducted according to the rules of the Trade Law Commission, and the designated arbitral body shall be the Hongkong International Arbitration Centre.

Five. The purpose of foreign investment, its impact on the company and its risks.

1, the purpose of this external investment: actively close to the overseas market, and promote the establishment of the international marketing channel of the company's own sportswear brand "Super Natural", so as to improve the profitability of the company's products.

2, the impact on the future financial situation and operating results of listed companies: this investment is conducive to promoting company sales and improving company profitability, and will have a positive impact on the future financial situation and operating results of listed companies.

3, the investment may cause corresponding risks due to market factors. Investors should be prudent in judging and making investment decisions.

Six, others

After the announcement of the foreign investment announcement, the company will disclose its significant progress or change in a timely manner.

Shanghai Jia Linjie

Limited by Share Ltd

July 18, 2012