Page 31 - Annual Report 2019

Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes

HOFTEX GROUP AG’s consolidated companies for the year ending 31 December 2019 are as follows:

Equity Result for
Registered Share of
Company Currency in EUR the year in
office capital in %
thousand 7) EUR thousand
Fully consolidated companies as defined in Section 290(2) no. 1 HGB
Hoftex GmbH Hof 1) 100.00 Euro 14,069 (CPTA) 8)
Hof Garn Verwaltungs GmbH Hof 100.00 Euro -214 -7
Hoftex Färberei GmbH Hof 2) 100.00 Euro 800 (CPTA)
Hoftex Färberei Betriebs GmbH Hof 3) 100.00 Euro 150 (CPTA)

Tenowo GmbH Hof 100.00 Euro 63,171 (CPTA)
Tenowo Hof GmbH Hof 4) 100.00 Euro 150 (CPTA)
Tenowo Reichenbach GmbH Hof 4) 100.00 Euro 150 (CPTA)
Tenowo Mittweida GmbH Hof 4) 100.00 Euro 150 (CPTA)

Tenowo Inc. Lincolnton, USA 4) 100.00 USD 9) 8,381 -2,418
Tenowo Huzhou New Materials Co. Ltd. Huzhou, China 4) 100.00 CNY 10) 43,646 -4,046
Resintex Industriale S.r.l. Milan, Italy 4) 100.00 Euro 2,323 -297
San Luis de
Tenowo de Mexiko S. de R.L. de C.V. 14) 5) 100.00 MXN 11) -3,084 -3,134
Potosi, Mexico

Neutex Home Deco GmbH Münchberg 100.00 Euro 7,536 (CPTA)
Neutex Betriebs GmbH Münchberg 6) 100.00 Euro 150 (CPTA)

Targu Mures,
SC Textor S.A. 6) 100.00 RON 12) 13,250 -28
Romania

Textil Hof Immobilien Geschäftsführungs GmbH 13) Hof 100.00 Euro 87 2
Hoftex Immobilien II GmbH & Co. KG 15) Hof 100.00 Euro 13,719 897
Feinspinnerei Hof GmbH Hof 100.00 Euro 43 -2
Hoftex Immobilien I GmbH Hof 100.00 Euro 4,472 (CPTA)

Fully consolidated companies as defined in Section 290(2) no. 4 HGB
Wohlfahrtseinrichtung der
Vogtländischen Baumwollspinnerei AG e.V. Hof 0.00 Euro - -

Non-consolidated companies as defined in Section 296(2) HGB
HBD Textil-GmbH Hof 100.00 Euro 2 -2

1) 96% of all shares held by HOFTEX GROUP AG, 4% held by Hof Garn Verwaltungs GmbH.
2) 100% of all shares held by Hoftex GmbH.
3) 100 % of all shares held by Hoftex Färberei GmbH.
4) 100% of all shares held by Tenowo GmbH.
5) 90% of all shares held by Tenowo GmbH; 10% Tenowo Inc.
6) 100% of all shares held by Neutex Home Deco GmbH.
7) This figure is reported including the result for the year.
8) CPTA = Control and profit transfer agreement; the Company exercises its rights under
the exemption clause pursuant to section 264(2) HGB.
9) Spot rate on the closing date 31/12/2019: 1 Euro = 1.1234 USD
10) Spot rate on the closing date 31/12/2019: 1 Euro = 7.8205 CNY
11) Spot rate on the closing date 31/12/2019: 1 Euro = 21.2202 MXN
12) Spot rate on the closing date 31/12/2019: 1 Euro = 4.7830 RON
13) General partner of Hoftex Immobilien II GmbH & Co. KG.
14) First included in the consolidated companies in the 2019 fiscal year.
15) The Company exercises its rights under the exemption clause pursuant to section 264 b HGB.

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