Zhejiang Golden Eagle Limited by Share Ltd supplementary announcement on wholly owned subsidiaries receiving partial relocation compensation

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

The Zhejiang Golden Eagle Limited by Share Ltd (hereinafter referred to as "the company") disclosed in November 8, 2019 the announcement of the wholly owned subsidiary's receipt of part of the relocation compensation (see company 2019-056). Zhejiang Jinying silk spinning Co., Ltd., a wholly owned subsidiary of the company, has received part of the relocation compensation, which is RMB 50397917 yuan.

The content of supplementary disclosure is: the influence of levy compensation on listed companies.

According to the relevant provisions of the "accounting standards for enterprises", the company's financial department initially estimated that about 28000000 of the Levy of the levy was included in the current revenue, which would have a positive impact on the company's net profit in 2019. Other compensation will be included in the current income according to the progress of the relocation. It is difficult to determine the combined effect of the relocation compensation on the company in the current period.

The company will fulfill the obligation of information disclosure in time according to the progress, and invite investors to pay attention to investment risk.

Notice hereby.

Zhejiang Golden Eagle Limited by Share Ltd board of directors

November 9, 2019