Core Viewpoint - Cixing Co., Ltd. plans to raise a total of no more than RMB 300 million through a private placement, with the net proceeds to be used for various projects related to knitting machinery and functional sportswear production [1] Group 1: Fundraising Details - The total amount to be raised is capped at RMB 300 million, including the principal amount [1] - The net proceeds, after deducting issuance costs, will be fully allocated to specific projects [1] Group 2: Project Allocations - The funds will be used for the construction of a project to produce 1,500 units of 3D integrated sports knitting machines and 50 units of special knitting machines for medical use [1] - Additionally, the funds will support the production of 500,000 pieces of functional sports knitted apparel [1] - The investment will also cover the research and industrialization of 1,170 units of high-end multifunctional special computer knitting machines [1] - Lastly, the funds will be directed towards the research and development of digital analysis and testing technology for the organizational structure and basic properties of knitted fabrics [1]

Group 1 - The stock price of Taimusi is reported at 23.50 yuan as of August 20, 2025, with a decrease of 0.12 yuan from the previous trading day [1] - The trading volume on the same day was 24,366 hands, with a transaction amount reaching 0.57 billion yuan [1] - Taimusi is primarily engaged in the research, development, production, and sales of knitted fabrics and knitted garments, including sportswear and casual wear [1] Group 2 - The company's controlling shareholder, Xintai Investment, is in the process of a share transfer agreement with Guangzhou Light Industry Group, with the first earnest money already deposited into a joint account [1] - On August 20, the net outflow of main funds was 2.2033 million yuan, with a cumulative net outflow of 10.3556 million yuan over the past five days [1]

Core Viewpoint - The 2025 China (Shishi) E-commerce Conference and Global Cross-border Merchant Resource Matching Conference opened in Shishi, Fujian, focusing on promoting cross-border e-commerce and showcasing Shishi's textile and apparel industry strengths [1][3]. Group 1: Event Overview - The conference features five major areas: cross-border merchant resources, industrial clusters, supply chain platforms, industry-education integration zones, and traceability live broadcast areas, attracting numerous e-commerce platforms and industry representatives [3]. - Multiple global exhibition centers for Shishi quality products were awarded during the event, highlighting the city's international trade ambitions [5]. Group 2: Industry Development - Shishi has established a complete industrial chain, particularly excelling in the men's clothing sector, leveraging its textile and apparel industry cluster and overseas Chinese resources [3]. - The city has seen rapid development in e-commerce live streaming and cross-border trade, resulting in over 180,000 market entities and more than 500,000 employment opportunities for external entrepreneurs, ranking second in e-commerce competitiveness among Chinese counties [3]. Group 3: Future Initiatives - The city launched a global men's clothing supply chain center and cross-border e-commerce industrial cluster in May, aiming to transition from "single-point breakthroughs" to "full-domain empowerment" [5]. - The conference included the launch of the 2025 Shishi e-commerce brand collective, promotion of cooperation for men's clothing brands, and signing ceremonies for global men's clothing production and sales collaboration, establishing an industry ecosystem that integrates e-commerce, industry, and public services [5].