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Good news | warmly congratulate Richpeace's 12th anniversary celebration and Shang Gong Group acquisition of TianJin Richpeace 65% stake signed successfully!


      Double happiness of Tianjin Richpeace Computer

  Double happiness of Tianjin Richpeace Computer & Machinery Co., Ltd on Aug 8th, 2018. The company's 12th anniversary celebration and the signing ceremony of  ShangGong Group acquisition of 65 % of TianJin Richpeace was held at Spruce Presidential Hotel, BaoDi, TianJin.

  Invited Leaders of trade associations invited:

  President of China Light Industry Council: Mr. Zhang ChongHe,

  Former President of China National Textile And Apparel Council: Mr. Wang TianKai,

  Vice President of China National Textile And Apparel Council and President of China knitting industry association: Mr. Yang JiChao,

  Deputy District Mayor of Tianjin BaoDi district government: Wang ZhiDong,

  Director of TianJin BaoDi economic development zone: Mr. Li XueMing,

  Deputy director of the party committee of TianJin BaoDi economic development zone: Mr. Wang Hao

  Vice President of China Light Industry Council, chairman & President of Shang Gong Group Co. Ltd: Mr. Zhang Min,

  Director of the office of China National Textile and Apparel Council: Ms. Duan Hong

  Vice President of China sewing machinery association: Mr. Yang XiaoJing,

  Secretary general of China sewing machinery association: Mr. Chen Ji,

  President of CHINA TEXTILE AND APPAREL EDUCATION SOCIETY: Mr. Ni YangSheng,

  Party secretary of China Textile & Apparel Press: Mr. Dong QingSong

  Vice President of China Home Textile Association: Ms. Zhu XiaoHong

  Vice President of CHINA NONWOVENS & INDUSTRIAL TEXTILES ASSOCIATION: Mr. Zheng JunLin

  Former President of China Textile Academy: Mr. Zhao Qiang,

  President assistant of China Textile Academy and general manager of China Textile Corporation:Ms. Ma YongMei

  Chief engineer of China Textile Machinery Association: Mr. Zhu XianMin,

  Director of Shanghai Sewing Machine Institute: Mr. Wu JianMin

  Deputy secretary general of China National Garment Association: Mr. Zhao YaBin

  Deputy secretary general of China Textile Machinery Association: Mr. Hou Xi,

  Secretary general of Tianjin Clothing Trade Association: Mr. Wang QuanLai

  Editor-in-chief of times of 《Home Textile Era》& Deputy secretary-general of China home textile industry association: Ms. Ge JiangXia,

  Vice President of Tianjin Shanxi Chamber of Commerce :Mr. Lu bin

  Deputy secretary general of China light industry machinery association: Ms. Wang Dan,

  Invited media:

  《Textile Guest Media》Shanghai Textile Guest Mdt InfoTech Ltd: CEO Wen ZhongWei

   Vice President of 《Chinese Costumes》magazine:Li ManXun,

  Editor-in-chief of 《Chinese Costumes》magazine:Li MinFang,

  Editor-in-chief of 《China Sewing Machinery》: Deng LanNing

  Editor-in-chief of 《Textile Science and Research》magazine: Li Juan

  "Chinese and Foreign Sewing Equipment" magazine executive editor Chen MaoSheng

  《Textile machinery》reporter: Wu XiaoTing

  In addition, a total of 150 guests, including users, suppliers and media representatives who have given strong support to RICHPEACE in TianJin, witnessed the event.

  Leaders and Guests sign in

Leaders and Guests sign in

  Leaders and Guests visit the factory

Leaders and Guests visit the factory

Leaders and Guests visit the factory

Leaders and Guests visit the factory

  The 12th anniversary and signing ceremony

The 12th anniversary and signing ceremony

The 12th anniversary and signing ceremony

  Leader and Guest address

Leader and Guest address

  President of China Light Industry Council: Zhang ChongHe Speech

President of China Light Industry Council

  Yang jichao, vice President of China National Textile And Apparel Council, and President of China Knitting Industry Association: Yang JiChao delivered a speech

vice President of China National Textile And Apparel Council

  Deputy director of the CPC committee committee of BaoDi economic development zone in TianJin, Wang Hao delivered a speech

Zhang Min Speech

  Chairman and President of ShangGong Group  Co., Ltd :Zhang Min Speech

RICHPEACE customer Gentherm system

  RICHPEACE customer Gentherm system Co. LTD: Mr. LK Speech

Mr. Zhou ZhiWei Speech

   RICHPEACE user Xi Lin men North Furniture Co., Ltd.: Mr. Zhou ZhiWei Speech

General manager of supplier

 General manager of supplier, Shanghai Rong Qin Wood Products Co., Ltd.: He GuoRong Address

General manager of TianJin RICHPEACE Computer Machinery Co. LTD

  General manager of TianJin RICHPEACE Computer Machinery Co. LTD :Li JinNing Address

Signing ceremony

  Signing ceremony

  After 26 years of development, RICHPEACE has six core technologies : software, computer, electronic control, machinery, laser and intelligence. In the field of cutting and sewing, it can provide customers with complete solutions of complete sets of equipment, and customers are spread throughout the three fields of wear, residence and travel. Under the guidance of innovation, brand, subdivision, boutique four management and development strategy, RICHPEACE makes Chinese manufacturing go global!

  Today is also the day for the celebration of the 12th anniversary of our TianJin Richpeace Computer Machinery co., LTD. Let's wish Tianjin Richpeace become better and better.

  Cutting & Sewing, Unremitting & Everlasting RICHPEACE will not give up but to stay true to the mission, pushing forwardwith persistence and steadiness.

  Notice of Shang Gong Group acquisition of 65% equity and capital increase of TianJin Richpeace Computer Machinery co., LTD. (excerpt)

  Announcement date: August 2th, 2018

  

  Important content note:

  Subject name: TianJin Richpeace Computer & Machinery co., LTD. 65% equity

  Total investment: 156,137,800 ,including 136,637,800 ,for equity acquisition 19.5 million for capital increase.

  This investment does not constitute related transactions, nor does it constitute major asset restructuring matters.

  Shang Gong Group Co., Ltd. (Following referred to as the "company" or "SGSB") in order to focus on sewing equipment manufacturing business, consolidate the leading position in the industry, to promote the implementation of the strategy for the company sewing intelligent product structure adjustment and technology upgrade, The way to invest cash and increase capital,TianJin Richpeace Computer Machinery Co., LTD. (Following referred to as the "TianJin Richpeace" or "target company"), become its holding 65% of the largest shareholder. The specific situation is as follows:

  Summary of transactions

  Tianjin RICHPEACE Computerized Machinery Co, Ltd is locate in Tianjin Baodi economic development zone. In 2006, it was put into production, , covering a land area of 75.5 thousand square meters and construction area of 46.9 thousand square meters, Tianjin RICHPEACE and its subsidiaries owns software, Computerized , electrical, mechanical, laser and intelligent six core technology. RICHPEACE products have covered "cutting" and "sewing" Our products are widely used in Apparel,Hometextil,furniture,automotive,technical textile and aerospace these six major industries.

 At present, Shenzhen Ying Ning Venture Capital Co., Ltd (Following referred to as "ShenZhen YiNing") holds 60% equity of TianJin Richpeace, and Tianjin Tong Shang Software Co., Ltd. (Following referred to as "TianJin TongShang") holds 40% equity of TianJin Richpeace,. The transaction is determined by the parties to the transaction that the company intends to acquire the 65% stake of TianJin Richpeace, with RMB 13,663.78 million, including the 40% stake of TianJin Richpeace, held by ShenZhen YingNing with RMB 8,408.48 million and the 25% stake held by TianJin TongShang with RMB 5,255.30 million. The transaction price shall be paid in three phases.

   In addition, the company with ShenZhen YingNing & TianJin TongShang is mutual agreement, the company pay to ShenZhen YingNing & TianJin TongShang is the second period after the equity transfer price, will be in accordance with the equity trading after the completion of the stake, new and old shareholders to TianJin Richpeace jointly increased the registered capital by 30 million for each of registered capital., including: the company capital 19.5 million, ShenZhen YingNing capital increase of 6 million,TianJin TongShang with the capital increase of 4.5 million.

  The total investment of the company in this transaction is RMB 15,6137,800, including 136,637,800 for equity acquisition and 19.5 million for capital increase. The source of funds is the company's own funds.

  This investment has been reviewed and approved at the sixth meeting of the eighth board of directors of the company. An agreement on the investment will be signed soon. This investment does not constitute affiliated transaction, does not constitute material assets reorganization matters, does not need to be submitted to the company shareholders general meeting for review.