Company Announcement
Xirui Manufacturing, a leading OEM and ODM razor blades and razors manufacturer, proudly announces the expansion of its business with an increase in registered capital and a broadened business scope. This strategic move demonstrates Xirui’s unwavering commitment to innovation, quality, and global market growth.
1. Company Merger Notice
On March 1, 2024, Xirui Manufacturing and Jiangxi Shu’ermei Cosmetics Co., Ltd. finalized their merger agreement. By inheriting all assets, liabilities, and intellectual property of Jiangxi Shu’ermei Cosmetics Co., Ltd., Xirui Manufacturing ensures seamless integration and strengthens its manufacturing expertise.
2. Capital Increase and Business Expansion
Effective May 8, 2024, Xirui Manufacturing’s registered capital has increased from 50 million RMB to 52 million RMB. This increase solidifies the company’s financial foundation and positions it for further expansion in the razor blade and personal care product manufacturing sectors.
Moreover, Xirui has expanded its business scope to include:
- New Materials Technology R&D
- Industrial Design Services
- E-commerce (excluding licensed goods)
- Cosmetics Retail
- Personal Hygiene Products Sales
- Hardware Products Retail
- Hair Accessories Sales
“This expansion reflects our dedication to meeting the evolving needs of our clients globally. By increasing our capital and broadening our product range, we’re better positioned to deliver exceptional OEM and ODM solutions for razor blades, razors, and personal care products,”
Chen Jianghong, CEO of Xirui Manufacturing.