Fumiao Technology (688350.SH) signed a strategic cooperation agreement with New Shanghai Wool Spinning.

Zhitong Finance APP News, Fu Miao Technology (688350.SH) released an announcement that on July 17, 2025, its shareholder Jiangsu Feixiang Chemical Co., Ltd. (referred to as "Feixiang Stock") holding more than 5% of the shares signed a "Share Transfer Agreement Regarding Jiangsu Fu Miao Technology Co., Ltd." with Shanghai Gengrui Asset Management Co., Ltd. (representing "Gengrui Hongsheng 1 Private Equity Securities Fund" (the specific name is subject to the actual record information), referred to as "Hongsheng 1 Fund") (referred to as "Shanghai Gengrui"). Feixiang Stock intends to transfer 6.1076 million shares of unlimited sale shares it holds through the agreement at a price of 16.38 yuan per share (determined based on the closing price of the previous trading day before the signing of the transfer agreement, which is not less than 80% of the closing price of the previous trading day), and the transferred shares account for 5% of the total share capital of the company.