Suessen, Jingwei Sign Cooperation Agreement

Germany-based Suessen, Spindelfabrik Suessen and Jingwei Textile Machinery Co. Ltd., China, have
signed a cooperation agreement whereby Jingwei will equip its compact ring-spinning machines with
Suessen’s EliTe®CompactSet spinning system for long- and short-staple fibers. Suessen will
manufacture and deliver the core technology components for the EliTeCompactSet system, and Jingwei
will manufacture other parts under license from Suessen.

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Jingwei’s model 1530 ring-spinning machine equipped with Suessen’s EliTe®CompactSet
spinning system

At CITME 2004, held recently in Beijing, Jingwei debuted its new model 1530 ring-spinning
machine equipped with EliTeCompactSet. According to Suessen, the cooperation is expected to benefit
both companies by extending their business and market share in China. Both companies also will
cooperate in protecting against infringement of intellectual property rights.

December 2004

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