Transformation And Upgrading From Manufacturing Type To Manufacturing Service Type

Jingwei Textile Machinery Co., Ltd The company or Jingwei Textile Machinery Co., Ltd. announced that in order to implement the overall plan of the transformation and upgrading of the textile machinery business from a manufacturing enterprise to a manufacturing service-oriented enterprise, Jingwei Textile Machinery intends to cooperate with Zhejiang jinkeqiao Supply Chain Management Co., Ltd. (hereinafter referred to as "jinkeqiao company") and Ningbo Runli enterprise management center (limited partnership) (hereinafter referred to as "jinkeqiao") "Ningbo Runli") and Ningbo shaorun enterprise management center (limited partnership) (hereinafter referred to as "Ningbo shaorun") jointly funded the establishment of textile supply chain company to promote the construction of textile supply chain platform. The tentative name of the textile supply chain company to be established is Zhongheng supply chain Co., Ltd. (the final name is subject to the approval of the industrial and commercial registration authority). The registered capital of the company is 50 million yuan, of which 20 million yuan is contributed by the company with its own capital, and the shareholding ratio is 40%. According to the agreement, Ningbo Runli will transfer the voting rights and other functions and powers of the shareholders' meeting corresponding to the shares of the textile supply chain company to be exercised by the company, and the company will have the voting rights of shareholders corresponding to 55% of the shares of the textile supply chain company.

Basic information of the proposed supply chain company:

1. Basic information

Name: Zhongheng supply chain Co., Ltd. (tentative name, subject to the industrial and commercial registration name)

Company type: limited liability company

Registered capital: RMB 50 million

Registered address: Ningbo national e-commerce Innovation Park, Ningbo, Zhejiang Province

Business term: 10 years, calculated from the date of issuance of business license.

Business scope: textile supply chain management; procurement and sales of textile products; consulting and service of textile technology; research and development of textile commercial standards.

(the above information shall be subject to the contents of the registration finally approved by the Administration for Industry and commerce.)

It is an important measure to realize the transformation from manufacturing enterprises to manufacturing enterprises. Through the construction of textile supply chain company platform, the cooperation relationship between the company and textile enterprise customers will be improved, and customer stickiness will be increased; through the construction of textile supply chain, various services such as product sales, raw material supply, supply chain finance, etc. will be provided to customers, fully explore and serve various needs of textile enterprise customers, promote the reasonable expansion of textile enterprises, and promote the sales of textile machinery and equipment For sale. In addition, Jingwei Textile Machinery Co., Ltd. and Ningbo Runli have agreed to include the voting rights of shareholders corresponding to 55% shares of textile supply chain company into the scope of the company's consolidated statements. It is expected that the company's operating income will increase, but it will not have a significant impact on the total profit in the short term.

At the same time, Jingwei Textile Machinery said in the announcement that the textile supply chain company, as a newly established company, may be affected by market, operation, management and other risk factors. The company will pay close attention to the market and industry development trends, actively prevent and resolve various risks. At the same time, it puts forward higher requirements for the management ability of the company. The company will actively establish risk prevention and control measures, implement effective internal control, and strengthen the evaluation and summary of its operation.