Shanghai Sanmao Enterprise (Group) Co., Ltd. (600689, 900922), the controlling shareholder of Shanghai Textile Holdings (Group) Co., Ltd., will be authorized by the Shanghai State-owned Assets Supervision and Administration Commission to hold 72,721,143 shares of the state shares (accounting for 36.11 of the company's total share capital) %) The transfer of relevant industrial and commercial registration procedures to Chongqing Light Textile Holding (Group) Co., Ltd. (hereinafter referred to as: China Textiles Holding Co., Ltd.) was completed on December 4, 2006.
The transfer of state-owned shares has completed all legal procedures, and China Textile Holdings directly holds 72,527,143 shares of Shanghai Sanmao and becomes the controlling shareholder.
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