Beijing Tom Todd Trading Co., Ltd. signed Equity Transfer Contract to acquire Guiyang Busen Clothing Co., Ltd, Hangzhou Ming Plas Clothing Co., Ltd, Hefei Busen Clothing Sales Co., Ltd, Jiangsu Busen Clothing Co., Ltd and Shenyang Busen Clothing Co., Ltd from Zhejiang Busen Garments Co., Ltd. (SZSE:002569) for CNY 5 on December 18, 2020. 5 subsidiaries reported total asset of CNY 107.1 million, net assets of CNY -36.5 million, EBIT of CNY 6.6 million and net loss of CNY 31.2 million for the year ending December 31, 2019. After the completion of the transfer, Beijing Tom Todd Trading Co., Ltd. will hold 100% of the equity of 5 subsidiaries and become a shareholder. The Zhejiang Busen Garments Co., Ltd's board approved the deal. This transaction will not have a significant adverse impact on the company's current production and operation. After this transaction, the company will no longer hold shares in Guiyang Busen, Minplas, Hefei Busen, Jiangsu Busen, and Shenyang Busen, and the above companies will no longer be included in the company's consolidated statements.