Stock Code: 300307 Stock Abbreviation: Cixing Shares Announcement No.: 2026-030 Ningbo Cixing Co., Ltd. Announcement Regarding the Acquisition of Relevant STOLL Assets in Germany
I. Overview of the Transaction
- To continuously optimize its core business and solidify its profit foundation, Ningbo Cixing Co., Ltd. (hereinafter "Cixing Shares" or the "Company"), its wholly-owned subsidiary Cixing Shares (Hong Kong) Limited (hereinafter "Hong Kong Subsidiary"), and the Hong Kong Subsidiary's wholly-owned subsidiaries STOLL Knitting Machinery GmbH and STOLL Knitting Technologies GmbH signed the "Asset Purchase and Transfer Agreement," "Real Estate Purchase and Sale Agreement," and "China Asset Purchase Agreement" (collectively referred to as the "Asset Purchase Agreements") on June 15, 2026 (Beijing time) with four wholly-owned subsidiaries of KARL MAYER Holding SE & Co. KG: KARL MAYER Textilmaschinen GmbH, KARL MAYER R&D GmbH, KARL MAYER Holding Grundstücks GmbH, and KARL MAYER (China) Co. Ltd. The Company will purchase STOLL-branded computerized flat knitting machine assets and real estate (hereinafter "STOLL Assets") from companies under KARL MAYER Holding SE & Co. KG using cash.
- In accordance with the "Shenzhen Stock Exchange GEM Listing Rules," the "Articles of Association," and other relevant regulations, this transaction has been reviewed and approved at the ninth meeting of the sixth session of the Board of Directors and does not require submission to the shareholders' meeting.
- This acquisition does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."
II. Basic Information of the Counterparty KA KARL MAYER Holding SE & Co. KG
- Enterprise Nature: SE & Co. KG (European Partnership Limited by Shares)
- Registered Address: Brühlstraße 25, 63179 Obertshausen
- Person in Charge: LUTZ WOLF
- Registered Capital: 204,520.00 Euros
- German Commercial Register Number: HRA8412
- Registration Authority: Amtsgericht Offenbach am Main (Offenbach District Court)
- Business Scope: Grundstücks- und Vermögensverwaltung (Real Estate and Asset Management)
- Company Introduction: KM is one of the world's leading enterprises in the textile machinery industry, headquartered in Obertshausen, Germany. Founded in 1937, the company is renowned for its innovative technology and high-quality equipment, with products widely used in apparel, home textiles, industrial textiles, and automotive interiors.