方 大B:公告(英文版)2013-05-29
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No.
2013-12
China Fangda Group Co., Ltd.
The members of the Board and the Company acknowledge being responsible for the
truthfulness, accuracy, and completeness of the announcement. Not any false record, misleading
statement or significant omission carried in this announcement.
I. Project and bid profile
Shenzhen Fangda Automatic System Co., Ltd., a fully-owned subsidiary of the Company,
recently won the bid for the screen door reconstruction project of the Shenzhen Longhua metro
line.
Shenzhen Fangda Decoration Co., Ltd., a fully-owned subsidiary of the Company, has won
bids in a series of curtain wall projects in a series of real-estate development projects including
villa No.1-4 and 11-12 and the site viewing pagoda of the Beijing Yanqi Lake Club (central island),
Hebei Yanjiao Seoul Tian City Phase I, Nanjing Hexi General Hospital (Hexi Children Hospital),
Fuzhou Rongqiao Jiaobing Square, Building C of Chengdu Chuanta auxiliary facilities (Film and
Culture Square), Shenzhen Vanke One City zone No.1 and luxury hotel of the Beijing Yanqi Lake
Club (central island).
II. Impacts of the projects on the Company
1. The contract amount of the above-mentioned projects totals RMB411,199,865.71,
accounting for 29.42% of operating revenue in 2012. The project term ranges between 6 and 18
months. These projects will largely propel the Company's revenue growth in 2013 and following
years. However, given factors including prepayment, engineering, acceptance and settlement, the
impacts depends on both parties' performance of the contracts. Therefore, impacts on the
Company's business in 2013 and following years are subject to actual implementation of the
projects.
2. The Company and its counterparts in the above-mentioned projects are not related parties.
3. These projects will not affect the Company's business independence. The Company will
not depend on its counterparts in the above-mentioned projects.
4. Given factors including prepayment, engineering, project progress, material costs,
acceptance and settlement, the projects may bring uncertainties for the Company's fiscal position.
III. Risk analysis
Both parties in the projects have the capability to perform the contract. However, the
implementation of the projects may be affected by unforeseeable factors or force majeure.
IV. Reference
Contracts and notice on bid winning
The above is for the attention of the shareholders.
Board of Directors of China Fangda Group Co., Ltd.
May 30, 2013