方 大B:公告(英文版)2013-08-12
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No.
2013-25
Announcement of China Fangda Group Co., Ltd.
The members of the Board and the Company guarantee that the announcement is free from
any false information, misleading statement or material omission and are jointly and severally
liable for the information’s truthfulness, accuracy and integrity.
I Project and bid profile
Shenzhen Fangda Decoration Engineering Co., Ltd., a wholly-owned subsidiary of the
Company, recently won bids in curtain wall projects including Guangzhou Product Scientific
Research Complex of China Southern Power Grid, Fujian Quanzhou Lianjie International Center,
Shenzhen Dachong Business Center Tower No.6 of China Resource Land, Shenzhen
Entrepreneurs Investment Building and Nanchang Kerry Shangri-la Hotel.
II Impacts of the projects on the Company
1. The contract amount of the above-mentioned projects totals RMB315,925,023.93 and
accounts for 22.60% of the Company's 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 bid winning notices
The above is for the attention of shareholders.
Board of Directors of China Fangda Group Co., Ltd.
August 13, 2013