方大B:公告(英文版)2014-09-16
Stock Code: 000055, 200055 Stock ID: Fangda Group, Fangda B Announcement No.
2014-47
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 won
curtain wall bids in Alibaba West Base Phase III No.17 and 20 buildings and Phase IV, Vanke
Shenzhen Qianhai Business Mansion, Shenzhen Cultural Fair Building and Guangzhou Baogang
Building.
Fangda New Material (Jiangxi) Co., Ltd., a wholly-owned subsidiary of the Company
secured aluminum supply contracts for Huawei Xi'an Global Exchange Technology Center and
Software Factory.
2. Impacts of the projects on the Company
1. The contract amount of the above-mentioned projects totals RMB709,555,237.84 and
accounts for 40.6% 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.
September 16, 2014