Fumiao Technology: Signs Strategic Cooperation Agreement with Xinhu Woollen Spinning

On the evening of July 17th, Fu Miao Technology announced that its shareholder Jiangsu Feixiang Chemical Co., Ltd. signed a "Share Transfer Agreement of Jiangsu Fu Miao Technology Co., Ltd." with Shanghai Genrui Asset Management Co., Ltd. on July 17th. Feixiang plans to transfer its 6.1076 million shares of unrestricted tradable stock at a price of 16.38 yuan per share to Shanghai Genrui through the agreement, accounting for 5% of the total share capital of the company. The sole contributor of Hongcheng 1st Fund is Pang Chao, who is the actual controller of Zhangjiagang New Shanghai Textile Co., Ltd. The company signed a "Strategic Cooperation Agreement" with New Shanghai Textile on July 17th. Both parties intend to actively promote technical research and development cooperation and coordinated market expansion in the full water treatment link of the textile printing and dyeing industry chain, forming a deep strategic partnership.