1、Lu Thai Textile Co.,Ltd.Annual Report 2020 1 LU THAI TEXTILE CO.,LTD.ANNUAL REPORT 2020 March 2021 Lu Thai Textile Co.,Ltd.Annual Report 2020 2 Part I Important Notes,Table of Contents and Definitions The Board of Directors(or the“Board”),the Supervisory Committee as well as the directors,supervisor
2、s and senior management of Lu Thai Textile Co.,Ltd.(hereinafter referred to as the“Company”)hereby guarantee the factuality,accuracy and completeness of the contents of this Report and its summary,and shall be jointly and severally liable for any misrepresentations,misleading statements or material
3、omissions therein.Liu Zibin,the Companys legal representative,Zhang Hongmei,the Companys Chief Accountant,and Zhang Keming,the Companys Financial Manager hereby guarantee that the Financial Statements carried in this Report are factual,accurate and complete.All the Companys directors have attended t
4、he Board meeting for the review of this Report and its summary.The Company is subject to the Guideline No.17 of the Shenzhen Stock Exchange on Information Disclosure by Industryfor Listed Companies Engaging in Textile and Apparel.In 2020,the coronavirus pandemic exerted material adverse impact on th
5、e world economy and trade.Faced with the impact of the pandemic,The Chinese government made quick response,and contained the spread of the coronavirus within the shortest time.Government authorities concerned issued positive and favorable policies regarding social security and taxes,vigorously promo
6、ting resumption of work and production and improvement of economic benefits quarter by quarter.In this way,China became the only economy achieving growth across the globe last year.However,due to unfavorable factors including the inadequate pandemic control of Americas and Europe and other developed