Lu Tai Textile (000726): 1 Million Yuan To Be Set Up To Train Lu Tai Training

Lu Tai textile (000726.SZ) announced that the company intends to set up vocational skills training as the core of the private vocational skills training school, the name is Lu Tai Vocational Training School Limited ("Lu Tai training", tentatively named, and finally approved by industry and Commerce). The registered capital is 1 million yuan, of which the company invested 1 million yuan, accounting for 100% of the registered capital.

The purpose of the training is to enhance professional skills of employees and re employment in companies and regions, and improve professional quality of professional skills in textile and garment industry, and provide professional training in related skills. To train first-class talents for textile and garment industry, speed up the training of highly skilled talents, and promote employment and regional social and economic development.

Lu Tai Vocational Training School Limited (provisional name): the registered capital is 1 million yuan, to be registered in Zichuan District, Zibo. Main business: vocational skills training.

The project does not affect the company's current profits and losses. In the long run, the potential impacts include: (1) improve the skill quality of workers and employees in the region, cultivate first-rate talents for the textile and garment industry, and promote employment and regional social and economic development. (2) help to enhance the company's comprehensive competitiveness and profitability, and achieve long-term, sustained and stable development of the company. (3) the external investment has no significant impact on the company's financial position and production and operation.