Core Viewpoint - The company has completed an asset swap with its controlling shareholder, resulting in the divestiture of its textile business and the decision to dispose of remaining textile equipment that has no utility value [1] Group 1: Asset Disposal - The company plans to dispose of 1,124 textile equipment units located in its Zhengding Park, including jet looms, fine spinning machines, automatic winding machines, coarse spinning machines, and related textile machinery [1] - As of August 31, 2025, the original book value of the disposed equipment is 444.6085 million yuan, with accumulated depreciation of 330.8919 million yuan and impairment provision of 1.1746 million yuan, resulting in a book value of 112.5420 million yuan and an assessed value of 36.2976 million yuan (excluding tax) [1]

Group 1 - The company, Zhuolang Intelligent, has demonstrated strong competitiveness in the textile machinery market by securing multiple significant orders, which will drive its performance growth and reinforce its leading position globally [1] - On August 5, Zhuolang Intelligent won a bid for a major project from Kashgar New Investment Textile Technology Co., Ltd., with a contract value of 239 million yuan for the procurement of main equipment for a 1 million spindle spinning project [1] - The project is part of a larger initiative by Xinjiang Investment Development Group, which includes six large cotton spinning projects across the region, with a total planned investment of 4.038 billion yuan [1] Group 2 - Zhuolang Intelligent is actively expanding its international customer base while collaborating closely with domestic enterprises, having signed its largest glass fiber twisting machine order with Chongqing International Composite Materials Co., Ltd. [2] - The company formed a special team to understand the unique needs of its international client, leading to the development of the first 252-spindle VGT-9 long machine prototype, which received high recognition after trial operation [2] - The glass fiber industry is expected to grow significantly with advancements in 6G and AI technologies, positioning Zhuolang Intelligent to capitalize on market opportunities [2] Group 3 - Zhuolang Intelligent recently signed a full-process contract with Jiangsu Xinmanrun New Materials Technology Co., Ltd. for a smart green spinning project, which aims to develop and produce green fiber compact spinning yarns [3] - The first phase of the project plans to establish a 150,000 spindle compact spinning production line, with an expected annual output of over 20,000 tons of high-end yarn products [3] - The equipment provided by Zhuolang Intelligent will enhance the competitiveness of Xinmanrun's green spinning solutions, reflecting the company's strong market recognition and potential for future performance growth [3]