Textile City announced that on June 25, 2026, Gao Xiaochen, the company's deputy general manager, was investigated and placed in custody. On August 6, the company received a dismissal proposal from the Keqiao District Government. On August 11, the company held a board meeting and agreed to dismiss Gao Xiaochen as Deputy General Manager. The company has properly arranged its related work, and the operation is normal and orderly. This matter will not have a significant impact on the company's operation and management.

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