The company has informed that the Board of Directors of the company at its Board Meeting convened on 14 October 2026, has duly passed a resolution to temporarily lay off the plant and factory operations of the Fabric and Hang Dyeing Division for an initial, definitive period of 15 (fifteen) days as per the EPZ Labour Law 2019, supported by the subsequent Bangladesh EPZ Labour Rules 2022, effective from 17 October 2026 onward. (cont.1) This decision is necessary due to severe, intractable, and sustained maintenance issues, product quality concerns, and the need to increase the development of production capacity. On top of that, the management is actively monitoring the situation with due diligence. (cont.2) Should any extension of the layoff period be necessitated, or should any material developments concerning the plant's operational status arise, we solemnly undertake to apprise the regulatory authorities forthwith and without delay.

The company has informed that the Board of Directors in its meeting held on 20 April 2026 has deliberated and decided with a proposal to adjust the Company's liability with Eastern Bank PLC by availing a loan of BDT 9.50 Crore (Nine Crore Fifty Lakh Taka only) from Lark Textiles Limited, a Public Shareholding Company and related party under the below terms and condition subject to receiving the approval of its General Shareholders at an Extraordinary General Meeting (EGM) (cont.1) or Annual General Meeting (AGM) to be convened as earliest.Key Transaction Terms (Proposed) : Lender: Lark Textiles Limited (Related Party), Loan Amount: BDT 9.50 Crore, Interest Rate: 0% per annum, Tenure Repayment: 10 years (with 10 equal annual installments with effect from January 1, 2027), Purpose of the loan: Repayment of the existing Eastern Bank PLC loan. Financial Impact (Management Estimate): (i) The Company has benefited from the waiver of USD 0.33 million, (cont.2) equivalent to approximately 10% of the total loan exposure; (ii) The Company has utilized the said funds of the amount USD 0.78 million as a down payment for the rescheduling of its classified bank loan with Eastern Bank PLC; (iii) If ultimately approved, the 0% interest rate would result in significant interest cost savings compared to the prevailing high banking interest rate, potentially improving earnings per share (EPS).

In response to a DSE query dated March 02, 2026 regarding news published in the online newspaper titled "Ring Shine faces eviction from Dhaka EPZ over BDT 240 crore outstanding dues" (translated from Bengali to English), the company has submitted the clarification vide its letter dated March 08, 2026, which was received by DSE on March 10, 2026. To view the letter, please visit the following link: https://www.dsebd.org/Annexure/RingShineTextilesLtd_2026.pdf

WASO Credit Rating Company (BD) Ltd. has assigned entity rating of the Company as "BB" for long term and "ST 4" for short term along with Stable outlook based on unaudited financial statements of FY 2025 (30.06.2025) and other relevant qualitative and quantitative information.

In response to a DSE query letter to the company regarding a news published in a newspaper titled "Ring Shine Textiles faces auction of factory, plots over unpaid dues" on December 01, 2025, the company has informed DSE, among others, the following: "?1. The content of the news published by the online news portal "https://www.tbsnews.net" titled "Ring Shine Textiles faces auction of factory, plots over unpaid dues" on December 01, 2025, is factual, correct, and consistent (cont.1) with the information previously placed on the official record. The matters highlighted therein accurately reflect the situation relating to the company. 2. With respect to the issue concerning Plot Nos. 231-236, located within the Dhaka EPZ, the management of Ring Shine Textiles Limited has duly notified all relevant regulatory authorities-including BSEC, CSE, and DSE-several times in writing over the past year. (cont.2) All such communications were made in good faith and in strict compliance with regulatory requirements. 3. For clarity and avoidance of any misconception, the management affirms that no meeting, discussion, or communication has taken place between the company and any journalist or representative of the aforesaid newspaper, nor with any other media or press forum regarding this matter. (cont.3) 4. Furthermore, the company has not disclosed, released, or disseminated any information to any stakeholder, media entity, or third party concerning the issue reported?"