Witnessed by InvestCHN, Reform Clothing signed the investment agreement with Changshu Yushan New & Hi-tech Industrial Development Zone (CNYZ).

Participants

InvestCHN: Chase Wu, Founder

Reform Clothing Co.: Gang Song, General Manager of Reform Clothing China

Changshu Yushan New & Hi-Tech Industrial Development Zone: Feng Cheng, Secretary of CPC Working Committee; Lin Gu, Deputy Secretary of CPC Working Committee; Jun Yao, Member of CPC Working Committee; Jian Xu, Director of Investment Promotion Bureau

Location

Changshu Yushan New & Hi-tech Industrial Development Zone Administrative Committee

Foreign Investor: Reform Clothing Co. (Australia)

Registered Capital: USD 9 million

Total Investment: USD 27 million

Estimated Annual Turnover: RMB 150 million

Estimated Annual Tax Revenue: RMB 15 million

EDZ: Changshu Yushan New & Hi-tech Industrial Development Zone

Project Signing Date: February 18, 2020

Project Period: 91 days

Company Founded: 1994

Company Background: Reform Clothing Co. is headquartered in Melbourne, Australia, and focuses on custom clothing business. Its products serve lots of international famous companies and more than 2000 middle schools with excellent quality and flexible and diverse personalized choices. The company occupies a leading position in the Australian middle school haute couture market, and its market share has exceeded 50%. Since 2006, Reform continues to adopt the leading customization technology, combining flexible selection of styles, fabrics, colors and free choice of craftsmanship such as pattern weaving, embroidery, digital printing, allowing customers to easily display their distinctive ideas and designs in fashion clothing, highlighting unique personality and team belonging, and helping customers build team spirit and shape corporate culture.