American Eagle Outfitters: Plans to sign a major daily operational contract with an affiliated party, New Energy Textile, involving no more than 1 billion yuan

On March 31, Meibang Apparel issued an announcement stating that for the 2026 fiscal year, the company and its related party, Guizhou Meibang New Energy Textile and Apparel Technology Co., Ltd. (hereinafter referred to as “New Energy Textile”), voluntarily agreed to establish a cooperation relationship. The company or its subsidiaries will purchase goods from New Energy Textile, and the expected amount of related-party transactions is not more than 1 billion yuan. If the contract’s specified period reaches the upper limit amount, after both parties’ boards of directors or shareholders’ meetings review and approve it, the parties may sign another agreement to further increase the cooperation amount ceiling. New Energy Textile has a related relationship with the company. The company’s chairman and president, Zhou Chengjian, also serves as the general manager of New Energy Textile.