DOCSLIB.ORG

Voluntary Announcement Acquisition of Gas Companies

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Voluntary Announcement Acquisition of Gas Companies Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (incorporated in the Cayman Islands with limited liability) (Stock Code: 3633) VOLUNTARY ANNOUNCEMENT ACQUISITION OF GAS COMPANIES THE ACQUISITION The board of directors of the Company announces that the Purchaser (a wholly-owned subsidiary of the Company) entered into the following equity transfer agreements on 12 September 2019 with the relevant vendors in relation to the sale and purchase of the equity interests in three companies in the PRC. THE FIRST EQUITY TRANSFER AGREEMENT Date: 12 September 2019 Vendor: A company incorporated in the PRC (a third party independent of the Company and its connected persons) Purchaser: Zhongyu City Energy Investment Holding (Shenzhen) Limited* (中 裕城市能源投資控股（深圳）有限公司), a wholly-owned subsidiary of the Company Subject matter: Pursuant to the equity transfer agreement, the vendor has conditionally agreed to sell and the Purchaser has conditionally agreed to purchase (a) 89.5% of the equity interest in Zhengzhou Yizhiquan; and (b) 10% of the equity interest of Puyang Tianrun Gas for an aggregate consideration of RMB114,950,000 (approximately HK$127,594,500). - 1 - The consideration was determined by the parties after arm’s length negotiations taking into account (i) the benefit of exclusive right under the franchise agreement granted to Puyang Tianrun Gas as mentioned in the paragraph headed “Information of the target” below; (ii) historical profitability of Puyang Tianrun Gas; (iii) the development potential of the region where it operates; and (iv) the existing projects and customer base of Puyang Tianrun Gas in Henan Province. The consideration will be funded by internal resources. As at the date of the equity transfer agreement, Zhengzhou Yizhiquan is interested in 66.67% of the equity interest of Puyang Tianrun Gas. Upon completion of the acquisition, the Purchaser will be interested in 89.5% of the equity interest of Zhengzhou Yizhiquan and (directly and indirectly through Zhengzhou Yizhiquan) interested in 76.67% of the equity interest of Puyang Tianrun Gas. Upon completion of the acquisition, each of Zhengzhou Yizhiquan and Puyang Tianrun Gas will become non-wholly owned subsidiary of the Company and the financial statements of each of Zhengzhou Yizhiquan and Puyang Tianrun Gas will be consolidated to the Group’s consolidated financial statements. Information of the target: Puyang Tianrun Gas is a specialized natural gas project operation company integrating natural gas procurement, storage and transportation, sales, natural gas pipeline network and gas distribution station construction and operation. Puyang Tianrun Gas has entered into the Puyang County Town Pipeline Gas Franchise Agreement with Puyang County Public Utilities Bureau on 18 May 2018, pursuant to which Puyang Tianrun Gas was licensed to supply natural gas for industrial users within the jurisdiction of the industrial cluster area of Puyang County for a term of 15 years. Puyang Tianrun Gas has 3 gas distribution stations, approximately 24 kilometres of high-pressure pipelines, 6 kilometres of secondary high-pressure pipelines and 23 kilometres of medium-pressure pipelines. Puyang Tianrun Gas has 62 industrial users, which are mainly engaged in petrochemicals, glass products, refractory materials and other manufacturing industries. The region where it operates has high industry concentration, large customer scale and stable production. In 2018, the natural gas sales volume of Puyang Tianrun Gas reached approximately 122.23 million cubic meters. - 2 - THE SECOND EQUITY TRANSFER AGREEMENT Date: 12 September 2019 Vendors: Three individuals who are third parties independent of the Company and its connected persons Purchaser: Zhongyu City Energy Investment Holding (Shenzhen) Limited* (中 裕城市能源投資控股（深圳）有限公司), a wholly-owned subsidiary of the Company Subject matter: Pursuant to the equity transfer agreement, the vendors have conditionally agreed to sell and the Purchaser has conditionally agreed to purchase the entire equity interest in Fengyuan Natural Gas for an aggregate consideration of RMB36,000,000 (approximately HK$39,960,000). The consideration was determined by the parties after arm’s length negotiations taking into account (i) the benefit of exclusive right under the franchise agreement granted to Fengyuan Natural Gas as mentioned in the paragraph headed “Information of the target” below; (ii) historical profitability of Fengyuan Natural Gas; (iii) the development potential of the region where it operates; and (iv) the existing projects and customer base of Fengyuan Natural Gas in Henan Province. The consideration will be funded by internal resources. Upon completion of the acquisition, the Purchaser will be interested in the entire equity interest of Fengyuan Natural Gas, Fengyuan Natural Gas will become a wholly owned subsidiary of the Company and the financial statements of Fengyuan Natural Gas will be consolidated to the Group’s consolidated financial statements. Information of the target: Fengyuan Natural Gas is a specialized natural gas project company, it has entered into a franchise agreement in relation to supply of natural gas with the People’s Government of Puyang County in 2012 which covers 8 counties for a term of 30 years commencing from 11 February 2012. - 3 - Fengyuan Natural Gas has 2 gas stations, 5 pressure regulating stations and 1 gas filling station, its medium pressure pipe network covers a total of 451.3 kilometres. Fengyuan Natural Gas has approximately 49,600 residential users, 132 commercial and public users and 23 industrial users. In 2018, the gas sales volume of Fengyuan Natural Gas reached approximately 17.69 million cubic meters. The next focus in Puyang City is to build a new chemical industry base, the Group is therefore optimistic about the future growth of the gas consumption of industrial users in the region. REASONS FOR AND BENEFITS OF THE ACQUISITION The Company and its subsidiaries are principally engaged in (i) the investment, operation and management of city gas pipeline infrastructure, and the distribution of piped gas to residential, industrial and commercial users; and (ii) the operation of compressed natural gas or liquefied natural gas vehicle filling stations in the PRC. As disclosed in the 2018 annual report of the Company, the Group is now focusing on identifying opportunities for mergers and acquisitions, especially high- quality projects that can achieve synergies with current operating projects, in order to further expand the coverage of the business of the Group. Puyang county is located in the northeastern part of Henan Province, it is the heart for the exploration and construction of oil fields. Puyang county focuses on environmental protection, the local government has continuously introduced air pollution prevention and control work plans and provide subsidies to effectively promote the coal-to-gas business and industrial users’ development in the area. The aforesaid acquisitions can also exploit new gas resources from Sinopec Group for the Group (Puyang Tianrun Gas and Fengyuan Natural Gas currently are supplied with pipeline gas by Sinopec Group). By 2020, Sinopec Group will build a largest domestic gas storage with a storage capacity of 55.6 billion cubic meters in Puyang county. In view of the current projects and licences of Puyang Tianrun Gas and Fengyuan Natural Gas in Puyang county, the directors of the Company are of the view that the acquisition of the gas companies disclosed in this announcement can create synergies between the projects currently operated by Puyang Tianrun Gas and Fengyuan Natural Gas and the existing projects of the Group by broadening the customer base and enhance the Group’s market share in Henan Province. In view of the above, the directors of the Company are of the view that the terms of the two equity transfer agreements are fair and reasonable and the acquisition is in the interest of the Company and its shareholders of the Company as a whole. LISTING RULES IMPLICATIONS None of the applicable percentage ratio(s) as set out in Rule 14.07 of the Listing Rules in respect of the acquisition under each of the equity transfer agreements exceeds 5%, the acquisition under each of the equity transfer agreements therefore do not constitute notifiable transactions of the Company under the Listing Rules. - 4 - As each of the vendors of the equity transfer agreements is an independent third party and none of the substantial shareholders of the target companies is or is proposed to be a director, chief executive or controlling shareholder of the Company (or any of their associates), the transaction under each of the equity transfer agreements do not constitute a connected transaction under Chapter 14A of the Listing Rules. DEFINITIONS “Company” Zhongyu Gas Holdings Limited, a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on The Stock Exchange of Hong Kong Limited “connected person” has the meaning ascribed thereto under the Listing Rules “Group” the Company and its subsidiaries “HK$” Hong Kong dollars “Listing Rules” Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “PRC” The People’s Republic of China “Purchaser” Zhongyu City Energy Investment Holding (Shenzhen) Limited* (中 裕城市能源投資控股（深圳）有限公司), a wholly-owned subsidiary of the Company “Puyang Tianrun Gas” Puyang Tianrun Gas Co., Ltd.* (濮陽縣天潤燃氣有限公司), a company incorporated in the People’s Republic of China “RMB” Renminbi, the lawful currency of the PRC “Fengyuan Natural Gas” Puyang County Fengyuan Natural Gas Co., Ltd.* (濮陽縣灃源天然 氣有限責任公司), a company incorporated in the People’s Republic of China “Zhengzhou Yizhiquan” Zhengzhou Yizhiquan New Energy Co., Ltd.* (鄭州益之泉新能源 有限公司), a company incorporated in the People’s Republic of China In this announcement, RMB are translated to HK$ for illustration purpose only at the rate of RMB1= HK$1.11.
Load more

Recommended publications
  • This Circular Is Important and Requires Your Immediate Attention
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer or registered institution in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Luoyang Glass Company Limited (the “Company”), you should at once hand this circular and the form of proxy and the supplemental form of proxy sent to you earlier to the purchaser(s) or the transferee(s), or to the bank, licensed securities dealer or other agent through whom the sale or the transfer was effected for transmission to the purchaser(s) or the transferee(s). Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. ＊ (1) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY (2) PROVISION OF GUARANTEE BY THE COMPANY FOR SUBSIDIARIES A notice of the extraordinary general meeting (the “EGM”) of the Company and the supplemental notice thereto to be held at 9:00 a.m. on 17 September 2018 at the conference room of the Company on 3rd Floor, No. 9 Tang Gong Zhong Lu, Xigong District, Luoyang Municipal, Henan Province, the People’s Republic of China (the “PRC”) is set out on pages 18 to 20 and pages 21 to 23 of this circular, respectively.
    [Show full text]
  • World Bank Document
    CONFORMED COPY LOAN NUMBER 7909-CN Public Disclosure Authorized Project Agreement Public Disclosure Authorized (Henan Ecological Livestock Project) between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Public Disclosure Authorized and HENAN PROVINCE Dated July 26, 2010 Public Disclosure Authorized PROJECT AGREEMENT AGREEMENT dated July 26, 2010, entered into between INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the “Bank”) and HENAN PROVINCE (“Henan” or the “Project Implementing Entity”) (“Project Agreement”) in connection with the Loan Agreement of same date between PEOPLE’S REPUBLIC OF CHINA (“Borrower”) and the Bank (“Loan Agreement”) for the Henan Ecological Livestock Project (the “Project”). The Bank and Henan hereby agree as follows: ARTICLE I – GENERAL CONDITIONS; DEFINITIONS 1.01. The General Conditions as defined in the Appendix to the Loan Agreement constitute an integral part of this Agreement. 1.02. Unless the context requires otherwise, the capitalized terms used in the Project Agreement have the meanings ascribed to them in the Loan Agreement or the General Conditions. ARTICLE II – PROJECT 2.01. Henan declares its commitment to the objective of the Project. To this end, Henan shall: (a) carry out the Project in accordance with the provisions of Article V of the General Conditions; and (b) provide promptly as needed, the funds, facilities, services and other resources required for the Project. 2.02. Without limitation upon the provisions of Section 2.01 of this Agreement, and except as the Bank and Henan shall otherwise agree, Henan shall carry out the Project in accordance with the provisions of the Schedule to this Agreement. ARTICLE III – REPRESENTATIVE; ADDRESSES 3.01.
    [Show full text]
  • Henan Wastewater Management and Water Supply Sector Project (11 Wastewater Management and Water Supply Subprojects)
    Environmental Assessment Report Summary Environmental Impact Assessment Project Number: 34473-01 February 2006 PRC: Henan Wastewater Management and Water Supply Sector Project (11 Wastewater Management and Water Supply Subprojects) Prepared by Henan Provincial Government for the Asian Development Bank (ADB). The summary environmental impact assessment is a document of the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff, and may be preliminary in nature. CURRENCY EQUIVALENTS (as of 02 February 2006) Currency Unit – yuan (CNY) CNY1.00 = $0.12 $1.00 = CNY8.06 The CNY exchange rate is determined by a floating exchange rate system. In this report a rate of $1.00 = CNY8.27 is used. ABBREVIATIONS ADB – Asian Development Bank BOD – biochemical oxygen demand COD – chemical oxygen demand CSC – construction supervision company DI – design institute EIA – environmental impact assessment EIRR – economic internal rate of return EMC – environmental management consultant EMP – environmental management plan EPB – environmental protection bureau GDP – gross domestic product HPG – Henan provincial government HPMO – Henan project management office HPEPB – Henan Provincial Environmental Protection Bureau HRB – Hai River Basin H2S – hydrogen sulfide IA – implementing agency LEPB – local environmental protection bureau N – nitrogen NH3 – ammonia O&G – oil and grease O&M – operation and maintenance P – phosphorus pH – factor of acidity PMO – project management office PM10 – particulate
    [Show full text]
  • Table of Codes for Each Court of Each Level
    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
    [Show full text]
  • Light-Asset Model Projects
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Stock Code: 0832) VOLUNTARY ANNOUNCEMENT BUSINESS UPDATES — LIGHT-ASSET MODEL PROJECTS The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of Central China Real Estate Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) is pleased to announce that Henan Zhongyuan Central China City Development Limited* (河南中原建業 城市發展有限公司)(‘‘CCRE Zhongyuan’’), an indirect wholly-owned subsidiary of the Company, entered into management entrustment contracts for developing real estate projects with the following parties respectively: Date Parties (1) 26June2017 LuoYangTianYunIndustrialCompanyLimited* (洛陽天韻實業有限公司)(‘‘Luoyang Tianyun’’) (2) 29June2017 AnYangAnChuangRealEstateDevelopmentLimited* (安陽安創房地產開發有限公司)(‘‘Anyang Anchuang’’) (3) 29June2017 XunXianYongFaRealEstateDevelopmentLimited* (浚縣永發房地產開發有限公司)(‘‘Xunxian Yongfa’’) (4) 29June2017 PuYangShiXiangYunPropertiesLimited* (濮陽市祥雲置業有限公司)(‘‘Puyang Xiangyun’’) (5) 29June2017 JiaoZuoHengZengPropertiesLimited* (焦作恆增置業有限公司)(‘‘Jiaozuo Hengzeng’’) – 1 – (1) CCRE Zhongyuan (as the trustee) entered into a management entrustment contract for developing real estate project with a planned gross floor area of approximately 367,000 square
    [Show full text]
  • Investigation on Mental Health of Primary and Middle School Teachers
    International Conference on Mechanical Science and Engineering (ICMSE2015) Investigation on Mental Health of Primary and Middle School Teachers Li Chaojun No. 249 Huanghe Road Puyang Vocationa and Technical College, Puyang,Henan, China [email protected] Keywords: Teachers in primary and middle schools; Psychological health; Investigation; Puyang City Abstract: The purpose of this study is to understand the mental health status of teachers in primary and secondary schools, analyze the causes of the problems, and put forward some suggestions to solve the problems. This study mainly uses the questionnaire survey method, the use of the mental health self rating scale (SCL-90) and primary and secondary school teachers occupational stress condition survey questionnaire carries on the data and the data collection, the survey result uses the SPSS10.5 to carry on the data processing. The psychological obstacles of primary and secondary school teachers the detection rate of 45.44%. among 30.09% teachers belonging to mild mental disorder, 12.63% of the teachers are moderate mental disorder, 2.72% teachers constituted mental illness .The overall condition of the psychological heal of primary and middle school teachers is obviously lower than the normal people’s level. From the angle of the distribution characteristics, the proportion of the male teachers with psychological barriers is higher than the female teachers. In ten SCL-90 factors of psychological barriers, the most common symptoms of the primary and middle school teachers are compulsion, interpersonal relations disturbance, paranoia and melancholia. Research purpose The purpose of this study is to understand the mental health status of teachers in primary and secondary schools, analyze the causes of the problems, and put forward some suggestions to solve the problems.
    [Show full text]
  • Summary Environmental Impact Assessment Henan
    SUMMARY ENVIRONMENTAL IMPACT ASSESSMENT HENAN WASTEWATER MANAGEMENT AND WATER SUPPLY PROJECT IN THE PEOPLE'S REPUBLIC OF CHINA March 2005 CURRENCY EQUIVALENTS (as of 01 March 2005) Currency Unit – yuan (CNY) CNY 1.00 = $0.21 $1.00 = CNY 8.27 The CNY exchange rate is determined by a floating exchange rate system. In this report a rate of $ 1.00 = CNY 8.27 is used. ABBREVIATIONS ADB – Asian Development Bank A2/O – anaerobic/anoxic/oxidation BOD – biochemical oxygen demand COD – chemical oxygen demand CSC – construction supervision company EIA – environmental impact assessment EMC – environmental management consultant EMP – environmental management plan EPB – Environmental Protection Bureau FSR – Feasibility Study Report GDP – gross domestic product HPMO – Henan Project Management Office HPEPB – Henan Provincial Environmental Protection Bureau HPG – Henan Provincial Government HRB – Hai River Basin H2S – hydrogen sulfide IA – implementing agency LEPB – local environmental protection bureau NH3-N – ammonia nitrogen NO2 – nitrogen dioxide NH3 – ammonia O&M – operation and maintenance pH – factor of acidity PMO – Project Management Office PM10 – particulate matter with particle size below 10 microns PPTA – Project Preparatory Technical Assistance PRC – People’s Republic of China RP – resettlement plan SBR – sequencing batch reactor SEIA – Summary Environmental Impact Assessment SEPA – State Environmental Protection Administration SNWTP – South-North Water Transfer Project SO2 – sulfur dioxide SS – Suspended solids TA – technical assistance TSP – total suspended particles WCB – Water Conservancy Bureau WS – water supply subproject WTP – water treatment plant WWM – wastewater management subproject WWTP – wastewater treatment plant NOTES (i) The fiscal year of the Government coincides with the calendar year. (ii) In this report, "$" refers to US dollars.
    [Show full text]
  • Documented Cases of 1,352 Falun Gong Practitioners "Sentenced" to Prison Camps
    Documented Cases of 1,352 Falun Gong Practitioners "Sentenced" to Prison Camps Based on Reports Received January - December 2009, Listed in Descending Order by Sentence Length Falun Dafa Information Center Case # Name (Pinyin)2 Name (Chinese) Age Gender Occupation Date of Detention Date of Sentencing Sentence length Charges City Province Court Judge's name Place currently detained Scheduled date of release Lawyer Initial place of detention Notes Employee of No.8 Arrested with his wife at his mother-in-law's Mine of the Coal Pingdingshan Henan Zhengzhou Prison in Xinmi City, Pingdingshan City Detention 1 Liu Gang 刘刚 m 18-May-08 early 2009 18 2027 home; transferred to current prison around Corporation of City Province Henan Province Center March 18, 2009 Pingdingshan City Nong'an Nong'an 2 Wei Cheng 魏成 37 m 27-Sep-07 27-Mar-09 18 Jilin Province County Guo Qingxi March, 2027 Arrested from home; County Court Zhejiang Fuyang Zhejiang Province Women's 3 Jin Meihua 金美华 47 f 19-Nov-08 15 Fuyang City November, 2023 Province City Court Prison Nong'an Nong'an 4 Han Xixiang 韩希祥 42 m Sep-07 27-Mar-09 14 Jilin Province County Guo Qingxi March, 2023 Arrested from home; County Court Nong'an Nong'an 5 Li Fengming 李凤明 45 m 27-Sep-07 27-Mar-09 14 Jilin Province County Guo Qingxi March, 2023 Arrested from home; County Court Arrested from home; detained until late April Liaoning Liaoning Province Women's Fushun Nangou Detention 6 Qi Huishu 齐会书 f 24-May-08 Apr-09 14 Fushun City 2023 2009, and then sentenced in secret and Province Prison Center transferred to current prison.
    [Show full text]
  • 建業地產股份有限公司 Central China Real Estate Limited
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control, that may cause the actual results, performance or achievements to be materially different from those expressed or implied by the forward- looking statements. You should not rely upon forward-looking statements as predictions of future events. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended from time to time. No securities may be offered or sold in the United States absent registration or an exemption from the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder.
    [Show full text]
  • 2020 Environmental, Social and Governance Report 1 Environmental, Social and Governance Report
    ( 於中華人民共和國註冊成立的股份有限公司 ) (a joint stock limited company incorporated in the People's Republic of China with limited liability) H 股股份代號：1108 A 股股份代號：600876 H Share Stock Code: 1108 A Share Stock Code: 600876 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2020 SOCIAL AND GOVERNANCE REPORT ENVIRONMENTAL, 2020 2020 環境、社會與 ENVIRONMENTAL, SOCIAL AND 管治報告 GOVERNANCE REPORT 環 境、 社 會 與 管 治 報 告 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT ABOUT LUOYANG GLASS Luoyang Glass Company Limited (“Luoyang Glass”, the “Company”) (Stock Code: 01108 (H shares), 600876 (A shares)) is a company whose A shares and H shares are listed in Shanghai and Hong Kong, respectively. Luoyang Glass Company Limited, incorporated in the PRC on 6 April 1994, issued overseas listed foreign H shares which were listed on the Stock Exchange of Hong Kong Limited on 29 June 1994 and ordinary A shares denominated in RMB which were listed on the Shanghai Stock Exchange on 29 September 1995. The Company is the first company realizing commercial production of ultra-thin float glass products in China. The Company has accumulated leading knowledge system and processing experience during operation and production for several decades. The Company possesses a number of proprietary intellectual property rights and core technologies. The Company has successively won various accolades including “National Quality Award for Float Glass – Silver Award (國家浮法玻璃質量獎–銀質獎)”, “Gold Invention Award (金質發明獎)”, “National Consumer Trustworthy Product (全國消費者信得過產品)”, “Well-known Trademark (馳名商標)” and “National Science
    [Show full text]
  • 建業地產股份有限公司 Central China Real Estate Limited
    This announcement contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control, that may cause the actual results, performance or achievements to be materially different from those expressed or implied by the forward- looking statements. You should not rely upon forward-looking statements as predictions of future events. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended from time to time. No securities may be offered or sold in the United States absent registration or an exemption from the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder. Such prospectus will contain detailed information about the company involved and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.
    [Show full text]
  • Henan Wastewater Management and Water Supply Sector Project
    UPDATED RESETTLEMENT PLAN PUYANG WASTEWATER TREATMENT PROJECT UNDER HENAN WASTEWATER MANAGEMENT AND WATER SUPPLY SECTOR PROJECT IN THE PEOPLE’S REPUBLIC OF CHINA Puyang County Municipal Engineering and Gardening Bureau January , 2008 1 Endorsement of the Updated Resettlement Plan In March, 2005, Puyang County Municipal Engineering and Gardening Bureau has prepared the resettlement plan, which has been approved, for Asian Development Bank (ADB) financed wastewater treatment project in our county. In the end of 2007, on the basis of the latest design, the design scheme and site selection are changed, according to ADB policy and suggestions from external monitoring and evaluation agency, Puyang County Municipal Engineering and Gardening Bureau updated the former RAP. The updated resettlement plan fully complies with requirements of the relevant laws, regulations and policies of People’s Republic of China and Henan Province as well as complies with ADB’s policy on involuntary resettlement. Puyang County Government hereby confirms the content of this updated resettlement plan and will guarantee the land acquisition, compensation and relocation budget being provided according to the provisions of this resettlement plan. Puyang County People’s Government February 1, 2008 2 ABBREVIATIONS RAP Resettlement Action Plan APs Affected Persons ADB Asian Development Bank LTRR Leading Team for Resettlement and Relocation PMO Project Management Office TA Technical Assistance EA Executing Agency IA Implementing Agency RIB Resettlement Information Brochures
    [Show full text]