XinAo Corporation: Vietnam Wholly-Owned Subsidiary's Registered Capital Increased to $30 Million to Accelerate Overseas Business Expansion

MaticHoleFiller · 2026-04-08T12:54:27+00:00

Zhejiang Xin'ao Textile Co., Ltd. announced that its wholly-owned subsidiary, Vietnam Xin'ao, has completed a registered capital increase to 74.25 billion VND (approximately $30 million). This move will strengthen its capital base, support overseas business expansion, enhance market competitiveness, and align with the company's internationalization strategy.

MaticHoleFiller

2026-04-08 12:54:27

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【Financial News】 Zhejiang Xin’ao Textile Co., Ltd. (Stock code: 603889; Stock abbreviation: Xin’ao Shares) issued an announcement on April 1, stating that, to meet the needs of business development, its wholly owned subsidiary, Xin’ao Textile (Vietnam) Co., Ltd. (hereinafter referred to as “Vietnam Xin’ao”), has completed the registration procedures for changes to its registered capital. This capital increase will further enhance Vietnam Xin’ao’s capital strength and provide strong support for the expansion of its overseas business.

According to the announcement, the specific information for Vietnam Xin’ao after the change to its registered capital is as follows:

Item
Content
—
Vietnamese company name
CÔNG TY TNHH XINAO TEXTILES (VIETNAM)
English company name
XINAO TEXTILES (VIETNAM) COMPANY LIMITED
Enterprise code
3901337082
Registered capital
742,500,000,000 Vietnamese dong (equivalent to $30,000,000)
Address
Plot B11.1, Lot C4 Road, Chenggong Industrial Zone, Zhanpengfang, Xining Province, Vietnam
Company type
A one-person limited liability company

Xin’ao Shares stated that this change in the registered capital of its subsidiary is consistent with the company’s overall development strategy. It will help improve Vietnam Xin’ao’s operating capabilities and market competitiveness, and has positive significance for the company’s overseas business layout. The board of directors of the company and all directors warrant that this announcement contains no false records, misleading statements, or material omissions, and assume individual and joint liability for the truthfulness, accuracy, and completeness of the content.

As a leading enterprise in China’s wool textile industry, Xin’ao Shares has continued to advance its internationalization strategy in recent years. The expansion of the production base in Vietnam will further optimize the company’s global capacity layout, improve supply chain efficiency, and better address changes in international market demand.

Click to view the full text of the announcement >>

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