Jianghua Group Board Approves 758 Million Yuan Annual Investment Plan, Focusing on Xinjiang Apparel Industry Layout

[Finance News] On March 17, Jihua Group (Rights Protection) Co., Ltd. (Stock Code: 601718) announced the resolution of the 17th meeting of the sixth board of directors, approving several important proposals, including a 758 million yuan investment plan for 2026 and capital increase for the Xinjiang subsidiary. This indicates that the company’s strategic layout in the apparel industry is accelerating.

The meeting was held via teleconference on March 13, 2026. Eight directors were expected to attend, and all eight attended. The meeting procedures complied with the Company Law and the company’s articles of association.

Approval of 5.8 Billion Yuan Annual Investment Plan

The approved “2026 Investment Plan” shows that the company plans to invest a total of 757.7 million yuan this year, mainly in two areas:

The announcement states that this investment plan was previously reviewed and approved by the company’s sixth board of directors’ Strategy and ESG Committee’s third meeting.

Increasing Xinjiang Business: 78 Million Yuan Capital Injection into Apparel Technology Subsidiary

To strengthen its industrial layout in Xinjiang, the board approved the company to inject 78 million yuan of self-owned funds into its wholly-owned subsidiary Xinjiang Jihua Apparel Technology Co., Ltd., and authorized management to handle related procedures. The meeting also approved the “Muye Clothing Production Base Project in Xinjiang” proposal, with specific investment amounts and project details to be disclosed in subsequent announcements.

Both Xinjiang-related proposals were reviewed and approved by the company’s Strategy and ESG Committee, demonstrating the company’s high regard for building a clothing industry base in Xinjiang.

Proposal for Directors and Senior Management Liability Insurance to Be Submitted to Shareholders

The meeting also reviewed the “Purchase of Directors and Senior Management Liability Insurance” proposal. Since all directors are insured parties under this policy and are considered interested parties, all eight directors abstained from voting. The proposal will be directly submitted to the company’s shareholders’ meeting for approval.

Jihua Group stated that the above investment plans and projects will help optimize the company’s industrial layout and enhance core competitiveness. The board and all directors guarantee that the announcement content is true, accurate, and complete, with no false records, misleading statements, or major omissions.

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