Announcement of Wuhan FRONTER Industrial

First, the establishment of industrial group companies.
Wuhan FRONTER Industry Co., Ltd. (hereinafter referred to as the “Company”) was firstly held at the first meeting of the second board of directors on October 8, 2019, and was changed to the second extraordinary shareholders meeting in 2019 on December 9, 2019. "Budget on the Establishment of Enterprise Groups".
The group company to be set up takes the company as its parent company, and unites three subsidiaries: Hubei Chenrui Clothing Co., Ltd., Fengtu (Wuhan) Outdoor Products Co., Ltd., and Wuhan TOPTEVA Import and Export Co., Ltd. to jointly establish an industrial group company. The name of an industrial group company is subject to the industrial and commercial registration, and the formulation procedures are implemented in accordance with relevant laws and regulations.
Second, the impact on the company's business development
The establishment of an industrial group company is conducive to optimizing the company's organizational structure, unified management of the company and its subsidiaries, enhancing the company's management capabilities and the FRONTER brand publicity effect, and has an initial positive effect on the company's business development.
Third, the file directory for reference
1. "Resolution of the First Meeting of the Second Board of Directors of Wuhan FRONTER Industrial Co., Ltd."
2. "Resolution of Wuhan FRONTER Industry Co., Ltd.'s Second Extraordinary Shareholders' Meeting in 2019"