Core Viewpoint - The announcement indicates that the wholly-owned subsidiary of the company, Chuzhou Mirun Technology Co., Ltd., has completed the payment for the transfer of shares, enhancing the company's strategic collaboration and resource integration [1] Group 1: Transaction Details - Chuzhou Mirun Technology Co., Ltd. paid a total transfer price of RMB 336 million to Jiuan Investment and RMB 58.1286 million to Hongzhifan Investment [1] - The payment for the entire transfer price has been completed as per the agreement, and all other delivery conditions have also been fulfilled [1] Group 2: Strategic Implications - The transaction allows the company to enhance overall strategic synergy and resource integration [1] - It aims to improve operational and decision-making efficiency, reduce management costs, and optimize the allocation of the company's overall resources [1] - This move aligns with the company's long-term development strategy [1]

Core Viewpoint - Kairun Co., Ltd. plans to further increase its stake in Shanghai Jiale Co., Ltd. to strengthen control and enhance strategic synergy in the textile and garment industry [1][2] Group 1: Acquisition Details - Kairun's wholly-owned subsidiary, Chuzhou Mirun Technology Co., Ltd., intends to acquire an additional 20% stake in Shanghai Jiale for a transaction price of 280 million yuan [1] - Following the acquisition, Kairun's ownership in Shanghai Jiale will rise from 51.85% to 71.85%, solidifying its control [1] - Kairun first invested in Shanghai Jiale in 2020 with a 28.7% stake, which has been increased in subsequent years [1] Group 2: Strategic Rationale - The acquisition is aimed at enhancing overall strategic coordination and resource integration, reducing management costs, and optimizing resource allocation [1] - Kairun views the garment manufacturing industry as closely aligned with its existing bag manufacturing business, with high customer entry barriers [2] Group 3: Performance Metrics - Shanghai Jiale achieved a revenue of 1.489 billion yuan in 2024, a year-on-year increase of 15.81%, and turned a profit with a net income of 48.92 million yuan [2] - In the first half of this year, Shanghai Jiale reported a revenue of 685 million yuan, up 6.88%, and a net profit of 34.75 million yuan, a significant increase of 65.01% [2] - Kairun's overall revenue for the first half of the year reached 2.427 billion yuan, a 32.53% increase, with the garment manufacturing segment growing by 148.25% [3]