Shenzhen Textile A (000045): Rent Reduction Is Expected To Be No More Than 30.35 Million Yuan

Shenzhen textile a (000045) announced on the evening of June 17 that, in order to jointly cope with the epidemic situation and actively perform its social responsibility, according to the Shenzhen Municipal Government's "measures for Shenzhen to further help market entities to relieve difficulties in response to the new crown pneumonia epidemic" (SFF [2022] No. 28), in accordance with the relevant work requirements of the state owned assets supervision and Administration Commission of Shenzhen, and in combination with the actual operation situation of the company, the company has carried out a series of measures for further helping market entities to relieve difficulties in response to the new crown pneumonia, The company and its wholly-owned enterprises have formulated the implementation plan for rent reduction and exemption of their own properties, to tide over difficulties with market participants and help win the war of epidemic prevention and control.

The objects to be exempted from property rent are: small and micro enterprises in service industry, manufacturing industry, individual businesses and private kindergartens. For the tenants such as incubators / tenants who are allowed to sublease, the rent relief measures are implemented to the qualified final users / lessees according to the penetration principle.

The types and scope of the property to be exempted from rent: the scope of this decision-making is for the houses of the company and its wholly-owned enterprises; According to the actual situation of the enterprise, the affiliated holding and shareholding enterprises make decisions to implement the property rent reduction and exemption.

Exemption period: the period of exemption is from March 1, 2022 to August 31, 2022. The rent from March to May is free, and the rent from June to August is reduced by half. The details are as follows:

1. For small and micro enterprises in manufacturing industry, small and micro enterprises in service industry, and self-employed industrial and commercial households, if the contract period exceeds August 31, 2022, the rent from March to May will be free, and the rent from June to August will be reduced by half; For private kindergartens, if the execution period of the contract exceeds August 31, 2022, rent can be free for three months according to the period from March to August.

2. If the term of execution of the contract does not exceed August 31, 2022 or a new contract is signed, the rent will be reduced or reduced according to the actual lease term.

3. If the lease free period of the contract overlaps with the reduction period, the policy exemption period shall be implemented first.

4. If the rent has been paid within the period of reduction and exemption and is within the validity period of the contract, the deduction policy can be extended to offset the subsequent rent; If the rent has been paid but the validity period of the contract has expired, the rent refund shall be applied for according to the actual implementation of the contract.

Fee free item: property rent

Amount and scope of reduction: according to the preliminary statistics, it is estimated that the amount of reduction and exemption will not exceed 30.35 million yuan, and the specific amount of reduction and exemption shall be subject to the actual implementation amount. For the period from February 2026 to February 2026, the new rent will not be eligible for the reduction.