Reasons for the termination of listing of Time Hi-Tech

The reason for the termination of listing is that the environmental verification documents of Zhejiang Hayes spandex Co., Ltd., the target asset of the company's restructuring, could not be obtained in time; In addition, the company did not negotiate with the people's government of Anchang Town, Shaoxing County to determine the final land recovery price of Shaoxing County Procedural Real Estate Co., Ltd., which affected the company's profit forecast report data.