Shanghai Challenge Textile Co.,Ltd. (China)

The company’s predecessor is SHANGHAI CHALLENGE TEXTILE COMPANY LIMITED. on December 18, 2000, Shanghai Jiale Clothing Co.,Ltd. signed joint venture contract with Hong Kong Ka Lok Ka Lok Clothing Co., Ltd. Import & Export Co., Ltd. and CHALLENGE LIMITED was established a joint venture, which was approved by Shanghai Jinshan District People’s Government’s No. [2001] 06 “Approval on the Feasibility Research Report, Contract and Articles of Association of SHANGHAI CHALLENGE TEXTILE COMPANY LIMITED as a Joint Venture On January 11, 2001, On January 20, the company completed its industrial and commercial registration with Registration No. (Shanghai) 028115.　It was then restructured into a foreign-invested stock limited with the approval of Ministry of Commerce, No. [2008]253 and net assets audited on November 30, 2007 and registered in Shanghai Municipal Administration for Industry and Commerce with Registration No. 310000400256554.