Huafu Signed 25 Billion 800 Million Yuan Strategic Cooperation Agreement With Xinjiang Branch Of Agriculture Development Bank

In August 8th, Huafu fashion Limited by Share Ltd and Agricultural Development Bank of China the Xinjiang Uygur Autonomous Region branch In accordance with the state laws and regulations, economic and financial policies, and in line with the principles of voluntariness, equality, mutual benefit and trustworthiness, with the goal of common development and long-term cooperation and promoting the development of Xinjiang's cotton industry, the strategic cooperation agreement has been formally signed. The Xinjiang branch of the agricultural Development Bank has agreed to provide the Huafu plan with a credit limit of not less than RMB 25 billion 800 million yuan for the operation and development of Huafu. Huafu fashion Sun Weiting, chairman of the Xinjiang branch of the Agricultural Development Bank, and Du Yankun, the party president, signed the contract on behalf of both sides.

According to the agreement, the Xinjiang branch of the agricultural development bank will give support to Huafu in the following aspects:

- fully support Huafu grain and cottonseed oil acquisition and maintenance of grain Cottonseed oil market Stability; support the development of the whole industry chain of grain, cotton and oil, vigorously support the development of modern logistics industry, and support the processing of special agricultural products.

- supporting Huafu's business activities in the field of textile and garment industry, supporting the development of textile processing by promoting loans from cotton warehouse receipts and loans from industrial leading enterprises. Xinjiang cotton In situ spanformation, accelerate industrial upgrading and spanformation.

- supporting the agricultural socialization services mainly carried out by Huafu, mainly through land circulation. Through specialized credit products, we focus on supporting the development of industrial infrastructure and the introduction and promotion of new varieties and technologies through various service providers.

- support Huafu logistics and distribution center construction and information spanformation of rural service outlets. Support the construction of logistics system of Hua Fu agricultural products supply chain, spanform standardized logistics warehouse, and improve the efficiency of supply chain logistics.

- supporting Huafu's "going global" strategy and opening up markets in Central Asia and South Asia will give China support for cross-border RMB settlement services and internal loan guarantees. At the same time, it provides convenient payment and settlement services to Huafu, and Huafu actively guides the fund to collect the Xinjiang branch of the Agricultural Development Bank and provide low cost funds for its credit.

To implement the policy loan interest rate preferential policy for Huafu policy loan project.

Huafu regards the Xinjiang branch of the Agricultural Development Bank as one of the sponsors of financial spanactions. It strictly accepts and coordinates the credit service and management of the Xinjiang branch of the Agricultural Development Bank in accordance with the laws and regulations stipulated by the state and the relevant policies and regulations of the Agricultural Development Bank, so as to ensure the safety of its funds through pre credit, loan and loan supervision.

- Huafu as an important strategic partner and key support. industry In the field, the scale of new credit is given priority to Huafu quality projects and key customers. We should do a good job of pre loan risk assessment, formulate differentiated credit policies for different fields and industries, reasonably calculate credit lines and ensure controllable risks.

- actively promoting cooperation in matters under this Agreement and improving the quality and efficiency of loan management. We will open up a green channel for key financing projects selected by both sides and conduct investigation and evaluation in a timely manner.

The signing of this agreement will help the two sides to establish long-term and stable partnership for Huafu. cotton It provides comprehensive financial support in terms of acquisition, cotton deep processing, land circulation, and supply chain logistics system construction, and optimizes the financing efficiency, so as to provide guarantee for the development of Huafu front-end network chain business.