Brief introduction of Fanghua Textile Co., Ltd.

Fanghua Textile Co., Ltd. was established with the approval of Jiangsu Provincial People's Government and funded by Fanghua Group Co., Ltd. (formerly Fanghua Industrial Corporation), Zhangjiagang Tangqiao Welfare Wool Textile Factory, Zhangjiagang Qinglong Copper Factory, Zhangjiagang Everbright Computer Printing Factory and Zhangjiagang Tangqiao Flower Factory. Founded in April, 1998. The registered capital of the company is10.25 billion yuan, of which Fanghua Group Co., Ltd. holds 80% of the shares. The company is located in Zhangjiagang City, Jiangsu Province, a national health city and a national environmental protection model city, backed by the Yangtze River, a golden waterway, and close to National Highway 204. It enjoys unique land and water transportation and superior geographical location. It takes the international metropolis Shanghai as the radiation point, has the advantages of developed economy in Suzhou, Wuxi and Changzhou, and has broad development prospects.