Jiansheng Group announced that the company decided to end the project with an annual output of 60 million pairs of medium- and high-grade cotton socks and 30 million pieces of clothing. The project originally planned to invest 180 million yuan. Currently, it is still in the early stages of land leasing, and no capital investment has been made. As the land lessor of Vietnam's Thanh Hwa Project unilaterally proposed a delay in issuing the land use rights certificate, which constituted a substantial breach of the core provisions of the “Agreement of Principles”, the company was unable to proceed with key aspects such as equipment installation, personnel recruitment, and commissioning of production and operation according to the original plan. Both parties have agreed to cancel the agreement and both have agreed not to hold each other liable for any compensation. This termination of investment will not have a significant adverse impact on the company's current production and operation.

Jiansheng Group announced that the company decided to end the project with an annual output of 60 million pairs of medium- and high-grade cotton socks and 30 million pieces of clothing. The project originally planned to invest 180 million yuan. Currently, it is still in the early stages of land leasing, and no capital investment has been made. As the land lessor of Vietnam's Thanh Hwa Project unilaterally proposed a delay in issuing the land use rights certificate, which constituted a substantial breach of the core provisions of the “Agreement of Principles”, the company was unable to proceed with key aspects such as equipment installation, personnel recruitment, and commissioning of production and operation according to the original plan. Both parties have agreed to cancel the agreement and both have agreed not to hold each other liable for any compensation. This termination of investment will not have a significant adverse impact on the company's current production and operation.