China Weaving Materials (3778) Announces USD4.74 Million Equipment Purchase from Murata Machinery

Bulletin Express
2025/11/27

China Weaving Materials Holdings Limited (3778) disclosed a transaction involving its indirect wholly-owned subsidiary, Jiangxi Jinyuan, entering into a purchase contract dated 27 November 2025 with Murata Machinery, Ltd. The agreement covers 12 sets of Murata Vortex Spinning Machines, totaling approximately USD4,740,000.

According to the announcement, the payment will be settled via letter of credit at sight before 15 December 2025, with delivery scheduled for April 2026. The vortex spinning machines are expected to boost production efficiency through high-speed, spindle-less technology, alongside energy savings compared to traditional ring spinning equipment. The company will fund this acquisition through internal resources and bank loans. Since the applicable percentage ratios under the Listing Rules exceed 5% but remain below 25%, the transaction constitutes a discloseable transaction subject to reporting and announcement requirements under Chapter 14 of the Listing Rules.

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