According to the announcement of Huamao Co., Ltd., the company received notice of the progress of mixed ownership reform of Huamao Group, which was publicly listed by the Yangtze River Exchange to solicit the intended transferee. Ningbo Ruiting New Materials Co., Ltd. (referred to as "Ningbo Ruiting") has been identified as the transferee of 17.28% of the shares of Huamao Group which is publicly listed. The transfer price of this part of the equity is 480 million yuan. Through this mixed reform, Huamao Group will introduce strategic investors in the same textile industry, and will form a complete set of resources in the upper and lower reaches of the industrial chain with Huamao Group and the company, so as to realize the coordinated development of the industry.
华茂股份：控股股东混改引入战投宁波瑞鼎
Huamao shares: the mixed reform of the controlling shareholder is introduced to invest in Ningbo Ruiding.
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