方大B:公告(英文版)2013-09-12
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No.
2013-27
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 Hainan Green Town Qingshuiwan
Westin Resort Villa, Hangzhou ASUS International R&D Center, Chengdu Palm Springs Fairmont
Hotels & Resorts and Kunming Xishan Wanda Plaza.
Fangda New Material (Jiangxi) Co., Ltd. a wholly-owned subsidiary of the Company,
recently secured the aluminum sheet supplying contract for the relocation of the Jiangxi provincial
government and Party offices.
II Impacts of the projects on the Company
1. The contract amount of the above-mentioned projects totals RMB265,274,188.60 and
accounts for 18.98% 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.
September 13, 2013