Introduction to the 170,000-spindle High-Intelligence, High-Quality Blended Yarn Project of Fujian Xuyuan Textile Co., Ltd.

I. Information on Enterprises Applying for the Project

1. Company Name: Fujian Xuyuan Textile Co., Ltd.

2. Legal Representative: Lin Jibao

II. Information on the Proposed Project

1. Construction nature: New construction

2. Construction Location: Chengnan Industrial Cluster Zone, Youxi Economic Development Zone.

3. Construction Description: Fujian Xuyuan Textile Co., Ltd., established and registered in April 2018, is a large-scale, intelligent textile manufacturing enterprise integrating the production of high-intelligence, high-performance, and multi-functional fiber blends; as well as the sales of yarn, fabrics, and textile raw materials. The company’s total investment exceeds 1.4 billion yuan. The first-phase project covers a total land area of 118,933 square meters (approximately 178.4 mu), and its construction includes factory buildings, a machinery repair workshop, dormitory buildings, and an integrated office building. The construction period spans from December 2018 to November 2020.

4. Project Construction Scale and Content: The first-phase project will utilize externally purchased polyester, viscose, cotton, colored fibers, and other raw materials to produce 56,800 tons of high-intelligence, high-quality blended yarns annually. The construction scope includes supporting infrastructure projects such as factory buildings, machinery repair workshops, dormitory buildings, and comprehensive office buildings. The project will also introduce 500 sets of Germany’s globally leading fully automated spinning equipment.

5. Total project investment: The total investment for Phase I of the project is 690 million yuan, of which 566.2 million yuan is allocated to fixed assets and 123.8 million yuan to working capital.

6. Production Process Flow:

Equipped with an intelligent, integrated production workshop, the facility features an air-conditioning and ventilation system that combines variable-frequency and fixed-frequency technologies. It employs an integrated, fully automated production line encompassing processes such as combing and cleaning—sliver drawing—spinning—packing—and warehousing.

III. Status of Construction Land and Related Planning

The project is located in the Chengnan Industrial Cluster Zone of the Youxi Economic Development Zone. The first-phase project covers a total land area of 118,933 square meters and has a total construction area of 108,300 square meters. The construction scope includes factory buildings, machinery repair workshops, an office complex, dormitory buildings, and supporting infrastructure facilities.

IV. Economic and Social Benefits

The company primarily produces high-quality blended yarns, which are sold in provinces including Guangdong, Zhejiang, Jiangsu, Shandong, and Fujian. With a broad consumer market and significant room for growth, the project is aligned with national industrial policies and is feasible.

The total investment for the first phase of this project amounts to 690 million yuan, of which 566.2 million yuan is allocated to fixed asset investment and 123.8 million yuan to working capital. After the project goes into operation, it will create more than 500 jobs, achieve an annual output value of up to 877 million yuan, and generate tax revenues of 18 million yuan for the state. The project boasts strong profitability and competitive market positioning. Upon implementation, it will boost employment opportunities and drive the coordinated development of related industries, yielding significant economic and social benefits.

Fujian Xuyuan Textile Co., Ltd.

June 13, 2019