Taipingbird Deliberated And Passed The Proposal On Cancellation Of Wholly-Owned Subsidiaries And Subsidiaries

On November 19, Ningbo Taipingbird Fashion Clothing Co., Ltd., a domestic fashion clothing listed company, issued an announcement on the cancellation of its wholly-owned subsidiaries and subsidiaries (announcement number: 2024-085), which showed that Ningbo Taipingbird Fashion Clothing Co., Ltd. (hereinafter referred to as the "Company") held the * * * meeting of the fifth board of directors on November 18, 2024, The Proposal on Cancellation of Wholly owned Subsidiaries and Sub subsidiaries was reviewed and passed.

Based on the company's organizational structure adjustment and business model optimization, in order to further optimize resource allocation and improve operational efficiency, it is agreed to cancel the wholly-owned subsidiary (grandson) Ningbo Taipingbird Network Technology Co., Ltd., Ningbo Taipingbird E-commerce Co., Ltd., Ningbo Kubolera Clothing Co., Ltd., Ningbo Taipingbird Yueshang Children's Clothing Co., Ltd., Ningbo Leting Clothing Marketing Co., Ltd Ningbo Taipingniao Aolai Clothing Co., Ltd., Shenyang Taipingniao Clothing Sales Co., Ltd., Ningbo Taipingniao Clothing Manufacturing Co., Ltd. (cancelled after merger), Yichang Taipingniao Clothing Manufacturing Co., Ltd., Peacebird (France) Holding. The above wholly-owned subsidiaries (sub subsidiaries) to be written off will be undertaken by the company (including subsidiaries), and the scope of the company's consolidated financial statements will change accordingly, but will not have a material impact on the company's financial position and operating results.