Song Hong Garment Joint Stock Company announces extraordinary information as follows:

RTW Retailwinds Inc., the parent company of New York & Co – a client of Song Hong Garment Joint Stock Company, officially applied for bankruptcy for the company and its subsidiaries at the United States Bankruptcy Court.

The revenue from New York & Co accounted for 13% of the total revenue of Song Hong Garment Joint Stock Company in 2019. Therefore, Song Hong Garment Joint Stock Company is trying to participate in the bankruptcy process in order to recover receivables from New York & Co and will update information and results after receiving official announcements by the United States Bankruptcy Court.