Baoyuan

Xinyuan, a subsidiary of China Textile Holdings, entered into a supply agreement with Baoyuan to supply polyester staple fiber (PSF) with a monthly cap of 900 tonnes. The annual caps are RMB 40 million for 2017, RMB 85 million for 2018, RMB 95 million for 2019, and RMB 50 million for the period from January 1, 2020 to June 30, 2022.