[Ever-Glory Reports First Quarter 2009 Financial Results -- 1Q09 Total Netlesreased 3.9% YoY to $20.5 Million -- -- 1Q09 Gross Marginreased 420 Basis Points YoY to 23.0% -- -- 1Q09 Netomereased 34.1%YoY to $1.6 Million -- --mpany Reiteratesmfort with Full Year 2009 Financial Forecast --]
[] [Loan Contract No.: Ba1 1101 080819 00042 Lender (Party A): International Business Department, Bank of Nanjing Co., Ltd. Borrower: (Party B): Goldenway Nanjing Garment Co., Ltd. Whereas Party B applies to Party A for, and Party A agrees to provide, the loan stated below and in order to clarify the rights and liabilities of the two parties, and to protect] [Mortgage Contract No. Ec1 1101 087031 00055 Mortgagee (Party A): International Business Department, Bank of Nanjing Co., Ltd. Mortgagor (Party B): Goldenway Nanjing Garment Co., Ltd In order to ensure the performance of the Contract of Maximum Amount of Loan numbered A04110108073100053, which was concluded between Party A and Goldenway Nanjing Garment Co., Ltd. (hereinafter called the Debtor), and all] [Guaranty Contract No. Ec1 1101 087051 02254 Creditor (Party A): International Business Department, Bank of Nanjing Co., Ltd. Surety (Party B): Jiangsu Ever-Glory International Group Corporation In order to ensure the performance of the Contract of Maximum Amount of Credit numbered A04110108073100053, which was concluded between Party A and Goldenway Nanjing Garment Co., Ltd. (hereinafter called the Debtor), and all] [Section 302 of the Sarbanes-Oxley Act of 2002 I, Edward Yihua Kang, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Ever-Glory International Group, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in] [Section 302 of the Sarbanes-Oxley Act of 2002 I, Yan Guo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Ever-Glory International Group, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light] [OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Edward Yihua Kang Chief Executive Officer EX-32.1 7 v148899_ex32-1.htm] [OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Chief Financial Officer (Principal Financial Officer) EX-32.2 8 v148899_ex32-2.htm]
[EVER-GLORY INTERNATIONAL, FORM10-Q INDEX Page Number 3 PART I. FINANCIAL INFORMATION 4 Item 1. Financial Statements 4ndensednsolidated Balance Sheets of March 31, 2009 (unaudited) and December 31, 200 8 4ndensednsolidated Statements of Operations andmprehensiveome for the Three Months Ended March 31, 2009 and 2008] [Loanntract No.: Ba1 1101 080819 00042 Lender (Party A): International Business Department, Bank of Nanjing Borrower: (Party B): Goldenway Nanjing Garment Whereas Party B applies to Party A for, and Party Arees to provide, the loan stated below and in order to clarify the rights and liabilities of the two parties, and to protect the] [Mortgagentract No. Ec1 1101 087031 00055 Mortgagee (Party A): International Business Department, Bank of Nanjing Mortgagor (Party B): Goldenway Nanjing Garment In order to ensure the performance of thentract of Maximum Amount of Loan numbered A04110108073100053, which wasncluded between Party A and Goldenway Nanjing Garment (hereinafterlled the Debtor), andlecific businessntracts,reements, and applications under thisntract (hereinafterlled] [Guarantyntract No. Ec1 1101 087051 02254 Creditor (Party A): International Business Department, Bank of Nanjing Surety (Party B): Jiangsu Ever-Glory Internationalrporation In order to ensure the performance of thentract of Maximum Amount of Credit numbered A04110108073100053, which wasncluded between Party A and Goldenway Nanjing Garment (hereinafterlled the Debtor), andlecific businessntracts,reements, and applications under thisntract (hereinafterlled] [Section 302 of therbanes-Oxley Act of 2002 I, Edward Yihua Kang, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Ever-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,] [Section 302 of therbanes-Oxley Act of 2002 I, Yan Guo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Ever-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Edward Yihua Kang Chief Executive Officer v148899_ex32-1.htm 7 EX-32.1] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Chief Financial Officer (Principal Financial Officer) v148899_ex32-2.htm 8 EX-32.2]
[EVER-GLORY INTERNATIONAL, FORM10-Q INDEX Page Number 3 PART I. FINANCIAL INFORMATION 4 Item 1. Financial Statements 4ndensednsolidated Balance Sheets of March 31, 2009 (unaudited) and December 31, 200 8 4ndensednsolidated Statements of Operations andmprehensiveome for the Three Months Ended March 31, 2009 and 2008] [Loanntract No.: Ba1 1101 080819 00042 Lender (Party A): International Business Department, Bank of Nanjing Borrower: (Party B): Goldenway Nanjing Garment Whereas Party B applies to Party A for, and Party Arees to provide, the loan stated below and in order to clarify the rights and liabilities of the two parties, and to protect the] [Mortgagentract No. Ec1 1101 087031 00055 Mortgagee (Party A): International Business Department, Bank of Nanjing Mortgagor (Party B): Goldenway Nanjing Garment In order to ensure the performance of thentract of Maximum Amount of Loan numbered A04110108073100053, which wasncluded between Party A and Goldenway Nanjing Garment (hereinafterlled the Debtor), andlecific businessntracts,reements, and applications under thisntract (hereinafterlled] [Guarantyntract No. Ec1 1101 087051 02254 Creditor (Party A): International Business Department, Bank of Nanjing Surety (Party B): Jiangsu Ever-Glory Internationalrporation In order to ensure the performance of thentract of Maximum Amount of Credit numbered A04110108073100053, which wasncluded between Party A and Goldenway Nanjing Garment (hereinafterlled the Debtor), andlecific businessntracts,reements, and applications under thisntract (hereinafterlled] [Section 302 of therbanes-Oxley Act of 2002 I, Edward Yihua Kang, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Ever-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,] [Section 302 of therbanes-Oxley Act of 2002 I, Yan Guo, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Ever-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Edward Yihua Kang Chief Executive Officer v148899_ex32-1.htm 7 EX-32.1] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Chief Financial Officer (Principal Financial Officer) v148899_ex32-2.htm 8 EX-32.2]
[EVER-GLORY INTERNATIONAL, 100 North Barranca Avenue, #810 Westvina, 91791 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held on June 2, 2009 (Beijing Time) To the Shareholders of Ever-Glory International,: Please take notice that the 2009 Annual Meeting of Shareholders (the Annual Meeting) of Ever-Glory International, a Floridarporation (thempany or Ever-Glory), will be held on]
[EVER-GLORY INTERNATIONAL, 100 North Barranca Avenue, #810 Westvina, 91791 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held on June 2, 2009 (Beijing Time) To the Shareholders of Ever-Glory International,: Please take notice that the 2009 Annual Meeting of Shareholders (the Annual Meeting) of Ever-Glory International, a Floridarporation (thempany or Ever-Glory), will be held on]
[¨ ¨ Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer Smaller Reporting company x ¨ x $ 1 1,728,970 As of March 27, 2009, there were 12,394,652 shares of our common stock issued and outstanding. DOCUMENTS INCORPORATED BY REFERENCE None. 2 EVER-GLORY INTERNATIONAL GROUP, INC. FORM 10-K For the Year Ended December 31, 2008] [Contract No.: [2008]D.Z.No.1111010262 Loan Contract China Merchants Bank Nanjing Branch 1 Loan Contract Contract No.: o √ o Lender: China Merchants Bank (hereinafter referred to as Party A) Principal: Borrower: Goldenway Nanjing Garments Company Limited (hereinafter referred to as Party B) Legal representative/Principal: loan capital turnover Whereas Party B applies to Party A for Article 1 Category of the loan] [__ [2008] China Merchants Bank Irrevocable Guaranty Agreement China Merchants Bank Nanjing Branch 1 Irrevocable Guaranty Agreement To the beneficiary, China Merchants Bank Stock Co. Ltd: Goldenway Nanjing Garments Company Limited 5,000,000.00, the Loan Agreement [2008]D.Z.No.111101026 Whereas the Bank agrees to provide Upon the request of the Debtor, I agree to eneter into this Irrevocable Guaranty Agreement to bear the] [[2008]D.Zi. No. 111101026-1 China Merchants Bank Mortgage Agreement China Merchants Bank Nanjing Branch 1 Mortgage Agreement No.: Mortgagee: China Merchants Bank_________ (hereinafter referred to as Party A) Main principal: Mortgagor (corporation or other organization): (hereinafter referred to as Party B) Legal representative/main principal: Kang Yihua Mortgagor (natural person): (hereinafter referred to as Party B) ID Card No.: 320103196310252016 Whereas: ;] [[2008]D.Zi. No. 111101026-2 China Merchants Bank Mortgage Agreement China Merchants Bank Nanjing Branch 1 Mortgage Agreement No.: Mortgagee: China Merchants Bank__________ (hereinafter referred to as Party A) Main principal: Mortgagor (corporation or other organization): (hereinafter referred to as Party B) Legal representative/main principal: Kang Huake Mortgagor (natural person): (hereinafter referred to as Party B) ID Card No.: 32010219880125123 Whereas: ;] [SUBSIDIARIES Perfect Dream Limited, a corporation established under the laws of the British Virgin Islands Goldenway Nanjing Garments Co., Ltd, a foreign-owned limited liability company formed under the laws of the People's Republic of China Nanjing Catch-Luck Garments Co., Ltd., a foreign-owned limited liability company formed under the laws of the People’s Republic of China Nanjing New-Tailun Garments Co., Ltd.,] [CONSENT OF REGISTERED INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Ever-glory International Group, Inc Moore Stephens Wurth Frazer and Torbet, LLP Walnut, California March 31, 2009 EX-23.1 12 v144402_ex23-1.htm] [Section 302 of the Sarbanes-Oxley Act of 2002 I, Edward Yihua Kang, certify that: 1. I have reviewed this annual report on Form 10-K of Ever-Glory International Group, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in] [Section 302 of the Sarbanes-Oxley Act of 2002 I, Yan Guo, certify that: 1. I have reviewed this annual report on Form 10-K of Ever-Glory International Group, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light] [OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Edward Yihua Kang Chief Executive Officer EX-32.1 15 v144402_ex32-1.htm] [OF THE SARBANES-OXLEY ACT OF 2002 (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Yan Guo Chief Finance Officer (Principal Finance Officer) EX-32.2 16 v144402_ex32-2.htm]
[Large accelerated filer Accelerated filer Non-accelerated filer Smaller Reportingmpany x x $ 1 1,728,970 of March 27, 2009, there were 12,394,652 shares of ourmmon stock issued and outstanding. DOCUMENTSORPORATED BY REFERENCE None. 2 EVER-GLORY INTERNATIONAL, FORM 10-K For the Year Ended December 31, 2008 TABLE OFNTENTS] [Contract No.: [2008]D.Z.No.1111010262 Loanntract China Merchants Bank Nanjing Branch 1 Loanntractntract No.: o o Lender: China Merchants Bank (hereinafter referred to Party A) Principal: Borrower: Goldenway Nanjing Garmentsmpany Limited(hereinafter referred to Party B) Legal representative/Principal: loanpital turnover Whereas Party B applies to Party A for] [__ [2008] China Merchants Bank Irrevocable Guarantyreement China Merchants Bank Nanjing Branch 1 Irrevocable Guarantyreement To the beneficiary, China Merchants Bank Stock: Goldenway Nanjing Garmentsmpany Limited 5,000,000.00, the Loanreement [2008]D.Z.No.111101026 Whereas the Bankrees to provide Upon the request of the Debtor, Iree to eneter into this Irrevocable Guarantyreement to bear the following joint and several] [[2008]D.Zi. No. 111101026-1 China Merchants Bank Mortgagereement China Merchants Bank Nanjing Branch 1 Mortgagereement No.: Mortgagee: China Merchants Bank_________ (hereinafter referred to Party A) Main principal: Mortgagor (corporation or other organization): (hereinafter referred to Party B) Legal representative/main principal: Kang Yihua Mortgagor (natural person): (hereinafter referred to Party B)] [[2008]D.Zi. No. 111101026-2 China Merchants Bank Mortgagereement China Merchants Bank Nanjing Branch 1 Mortgagereement No.: Mortgagee: China Merchants Bank__________ (hereinafter referred to Party A) Main principal: Mortgagor (corporation or other organization): (hereinafter referred to Party B) Legal representative/main principal: Kang Huake Mortgagor (natural person): (hereinafter referred to Party B)] [SUBSIDIARIES Perfect Dream Limited, arporation established under the laws of the British Virgin Islands Goldenway Nanjing Garments aforeign-owned limited liabilitympany formed under the laws of the People's Republic of China Nanjingtch-Luck Garments a foreign-owned limited liabilitycompany formed under the laws of the Peoples Republic of China] [CONSENT OF REGISTERED INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Ever-glory International, Moore Stephens Wurth Frazer and Torbet, Walnut,lifornia March 31, 2009 v144402_ex23-1.htm 12 EX-23.1] [Section 302 of therbanes-Oxley Act of 2002 I, Edward Yihua Kang, certify that: 1. I have reviewed this annual report on Form 10-K of Ever-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,] [Section 302 of therbanes-Oxley Act of 2002 I, Yan Guo, certify that: 1. I have reviewed this annual report on Form 10-K ofEver-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Edward Yihua Kang Chief Executive Officer v144402_ex32-1.htm 15 EX-32.1] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Yan Guo Chief Finance Officer (Principal Finance Officer) v144402_ex32-2.htm 16 EX-32.2]
[Large accelerated filer Accelerated filer Non-accelerated filer Smaller Reportingmpany x x $ 1 1,728,970 of March 27, 2009, there were 12,394,652 shares of ourmmon stock issued and outstanding. DOCUMENTSORPORATED BY REFERENCE None. 2 EVER-GLORY INTERNATIONAL, FORM 10-K For the Year Ended December 31, 2008 TABLE OFNTENTS] [Contract No.: [2008]D.Z.No.1111010262 Loanntract China Merchants Bank Nanjing Branch 1 Loanntractntract No.: o o Lender: China Merchants Bank (hereinafter referred to Party A) Principal: Borrower: Goldenway Nanjing Garmentsmpany Limited(hereinafter referred to Party B) Legal representative/Principal: loanpital turnover Whereas Party B applies to Party A for] [__ [2008] China Merchants Bank Irrevocable Guarantyreement China Merchants Bank Nanjing Branch 1 Irrevocable Guarantyreement To the beneficiary, China Merchants Bank Stock: Goldenway Nanjing Garmentsmpany Limited 5,000,000.00, the Loanreement [2008]D.Z.No.111101026 Whereas the Bankrees to provide Upon the request of the Debtor, Iree to eneter into this Irrevocable Guarantyreement to bear the following joint and several] [[2008]D.Zi. No. 111101026-1 China Merchants Bank Mortgagereement China Merchants Bank Nanjing Branch 1 Mortgagereement No.: Mortgagee: China Merchants Bank_________ (hereinafter referred to Party A) Main principal: Mortgagor (corporation or other organization): (hereinafter referred to Party B) Legal representative/main principal: Kang Yihua Mortgagor (natural person): (hereinafter referred to Party B)] [[2008]D.Zi. No. 111101026-2 China Merchants Bank Mortgagereement China Merchants Bank Nanjing Branch 1 Mortgagereement No.: Mortgagee: China Merchants Bank__________ (hereinafter referred to Party A) Main principal: Mortgagor (corporation or other organization): (hereinafter referred to Party B) Legal representative/main principal: Kang Huake Mortgagor (natural person): (hereinafter referred to Party B)] [SUBSIDIARIES Perfect Dream Limited, arporation established under the laws of the British Virgin Islands Goldenway Nanjing Garments aforeign-owned limited liabilitympany formed under the laws of the People's Republic of China Nanjingtch-Luck Garments a foreign-owned limited liabilitycompany formed under the laws of the Peoples Republic of China] [CONSENT OF REGISTERED INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors of Ever-glory International, Moore Stephens Wurth Frazer and Torbet, Walnut,lifornia March 31, 2009 v144402_ex23-1.htm 12 EX-23.1] [Section 302 of therbanes-Oxley Act of 2002 I, Edward Yihua Kang, certify that: 1. I have reviewed this annual report on Form 10-K of Ever-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,] [Section 302 of therbanes-Oxley Act of 2002 I, Yan Guo, certify that: 1. I have reviewed this annual report on Form 10-K ofEver-Glory International,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Edward Yihua Kang Chief Executive Officer v144402_ex32-1.htm 15 EX-32.1] [OF THERBANES-OXLEY ACT OF 2002 (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. Yan Guo Chief Finance Officer (Principal Finance Officer) v144402_ex32-2.htm 16 EX-32.2]
