方大B:公司公告(英文版)2014-06-30
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No.
2014-34
Announcement of 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.
1. Project and bid profile
Shenzhen Fangda Jianke Group Co., Ltd., a wholly-owned subsidiary of the Company, has
won several curtain wall bids in Alibaba Chengdu West Base, Suzhou Central Plaza and Shenzhen
Huali Business Center.
Shenzhen Fangda Automatic System Co., Ltd., a wholly-owned subsidiary of the Company,
has won the screen door bid in the 1st phase of Wuhan metro 3rd line.
2. Impacts of the projects on the Company
1. The contract amount of the above-mentioned projects totals RMB529,748,727.94 and
accounts for 30.31% of the Company's revenue in 2013. The project term ranges between 6 and 18
months. These projects will largely propel the Company's revenue growth in 2014 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 2014 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.
3. 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.
4. Reference
Bid winning notices and contracts
The above is for the attention of the shareholders.
Board of Directors of China Fangda Group Co., Ltd.
June 30, 2014