Hebei Textile Corporation transfers at a price of 1 yuan

According to the transfer announcement published by the Hebei Property Rights Trading Center, Hebei Textile Corporation is a state-owned enterprise entrusted by Hebei State-owned Assets Holding Operation Co., Ltd., with a registered capital of 500,000 yuan and currently holds a "Coal Business Qualification Certificate."

Based on the property inventory, asset verification, and financial audit, Shijiazhuang Tianheng Asset Appraisal Office conducted an asset evaluation of the Hebei Textile Corporation, with the appraisal benchmark date being September 30, 2006. The asset evaluation results approved by the Provincial State-owned Assets Supervision and Administration Commission are as follows: total assets amounting to 1.7994 million yuan, total liabilities amounting to 3.4389 million yuan, and net assets at -1.6395 million yuan. With the approval of the Provincial Government's State-owned Assets Supervision and Administration Commission, the transfer base price has been set at 1 yuan.