Nanxuan Holdings (01982) subsidiary and Hebei Yuteng signed a 2024 raw material procurement agreement

Zhitongcaijing · 03/25 11:17

Zhitong Finance App News, Nanxuan Holdings (01982) issued an announcement. On March 25, 2024, Hebei Yuteng signed a 2024 raw material purchase agreement with these buyers (all subsidiaries of the company) to purchase cashmere and other raw materials from Hebei Yuteng for a period of one year from April 1, 2024 to March 31, 2025.

These buyers include Nanguan Technology, Huizhou Nanxuan, Huizhou Nanguan, and Meixian International. For the fiscal year ending March 31, 2025, the annual limit for these buyers to purchase cashmere and other raw materials from Hebei Yuteng under the 2024 raw materials procurement agreement is RMB 710 million.

According to the announcement, the 2024 raw material procurement agreement will allow these buyers to obtain reliable supply of high-quality cashmere and other raw materials on favorable terms, and more effectively manage the quality control and production cycle of the Group's cashmere knitted products.