Anhui Huamao Textile Co., Ltd. agreed to acquire Anqing Xinkun Trading Co., Ltd. from Anhui Huamao Import And Export Co., Ltd. for CNY 88.4 million.

ANHUI HUAMAO TEXTILE COMPANY LIMITED is a China-based company principally engaged in the dyeing, processing, manufacture and distribution of textile products. The Company operates its businesses mainly through the dyeing and processing of pure and mixed yarns of cotton, wools, linens, silks and synthetic fibers, as well as fabrics, knitted products and apparels. The Company’s main products include yarn series, fabric series, yarn dyed series and functional industry cloth series. The Company distributes its products in domestic market and to overseas markets, including Europe, Asian and other markets.