DOCSLIB.ORG

Important Notice

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Important Notice IMPORTANT NOTICE NOT FOR DISTRIBUTION IN THE UNITED STATES. IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the preliminary offering circular (the “Offering Circular”) attached to this e-mail. You are advised to read this disclaimer carefully before accessing, reading or making any other use of the Offering Circular. In accessing the Offering Circular, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES AND THE GUARANTEE DESCRIBED THEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES AND THE GUARANTEE DESCRIBED THEREIN MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THIS OFFERING IS MADE SOLELY IN OFFSHORE TRANSACTIONS PURSUANT TO REGULATION S UNDER THE SECURITIES ACT (“REGULATION S”). THE OFFERING CIRCULAR MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER AND, IN PARTICULAR, MAY NOT BE FORWARDED TO ANY ADDRESS IN THE UNITED STATES. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THE OFFERING CIRCULAR IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. Confirmation of Your Representation: You have accessed the Offering Circular on the basis that you have confirmed to Granda Century Limited 格蘭達世紀有限公司 (the “Issuer”), Suning Appliance Group Co., Ltd. (蘇 寧電器集團有限公司) (the “Guarantor”) and China CITIC Bank International Limited, The Hongkong and Shanghai Banking Corporation Limited, UBS AG Hong Kong Branch, China Everbright Bank Co., Ltd., Hong Kong Branch and CLSA Limited (together, the “Joint Lead Managers”) that (1) you and any customers you represent are not in the United States, (2) the e-mail address that you gave us and to which this e-mail has been delivered is not located in the United States, (3) you consent to delivery of this document by electronic transmission, and (4) to the extent you purchase the securities described in the Offering Circular (the “Securities”), you will be doing so in an offshore transaction pursuant to Regulation S. The Offering Circular has been made available to you in electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of transmission and consequently none of the Issuer, the Guarantor, the Joint Lead Managers, the Trustee and the Agents (each as defined in the Offering Circular) nor any of their respective affiliates, directors, officers, employees, representatives, agents and each person who controls any of them accepts any liability or responsibility whatsoever in respect of any such alteration or change to the Offering Circular distributed to you in electronic format or any difference between the Offering Circular distributed to you in electronic format and the hard copy version. Restrictions: This Offering Circular is in preliminary form and is being furnished in connection with an offering in offshore transactions outside the United States in compliance with Regulation S solely for the purpose of enabling a prospective investor to consider the purchase of the securities described in the Offering Circular. Nothing in this electronic transmission constitutes, and may not be used in connection with, an offer or an invitation by or on behalf of any of the Issuer, the Guarantor or the Joint Lead Managers to subscribe for or purchase any of the securities described therein in any place where offers or solicitations are not permitted by law, and access has been limited so that it shall not constitute in the United States or elsewhere directed selling efforts (within the meaning of Regulation S). If a jurisdiction requires that the offering be made by a licensed broker or dealer and any Joint Lead Manager or any affiliate of a Joint Lead Manager is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by that Joint Lead Manager or such affiliate on behalf of the Issuer in such jurisdiction. Access has been limited so that it shall not constitute a general solicitation in the United States or elsewhere. You are reminded that you have accessed the Offering Circular on the basis that you are a person into whose possession the Offering Circular may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. You acknowledge that the access to the Offering Circular is intended for use by you only and you agree you will not forward or otherwise provide access to any other person. If you have gained access to this electronic transmission contrary to the foregoing restrictions, you will be unable to purchase any of the securities described herein. Actions that You May Not Take: If you receive the Offering Circular by e-mail, you should not reply by e-mail to the Offering Circular, and you may not purchase any securities by doing so. Any reply e-mail communications, including those you generate by using the “Reply” function on your e-mail software, will be ignored or rejected. You are responsible for protecting against viruses and other destructive items. Your use of this e-mail is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature. SUBJECT TO AMENDMENT AND COMPLETION PRELIMINARY OFFERING CIRCULAR DATED 13 AUGUST 2018 STRICTLY CONFIDENTIAL GRANDA CENTURY LIMITED 格蘭達世紀有限公司 (incorporated with limited liability in the Cayman Islands) U.S.$ PER CENT. GUARANTEED BONDS DUE Unconditionally and Irrevocably Guaranteed by SUNING APPLIANCE GROUP CO., LTD. (蘇寧電器集團有限公司) is of this preliminary offering circular, to purchase (incorporated with limited liability in the People’s Republic of China) Issue Price: per cent. The U.S.$ per cent. Guaranteed Bonds due (the “Bonds”) will be issued by Granda Century Limited 格蘭達世紀有限公司 (the “Issuer”) and will be unconditionally and irrevocably guaranteed (the “Guarantee”) by Suning Appliance Group Co., Ltd. (蘇寧電器集團有限公司) (the “Guarantor”). r to sell securities and is not soliciting an offer to buy securities The Issuer is an indirectly wholly-owned subsidiary of the Guarantor. The Bonds will constitute direct, unsubordinated, unconditional and (subject to Condition 4(a) of the Terms and Conditions of the Bonds) unsecured obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves. The payment obligations of the Issuer under the Bonds shall, save for such exceptions as may be provided by applicable legislation and subject to Condition 4(a) of the Terms and Conditions of the Bonds, at all times rank at least equally with all the Issuer’s other present and future unsecured and unsubordinated obligations. The Bonds will bear interest on their outstanding principal amount from and including 2018 (the “Issue Date”) at the rate of per cent. per annum. Interest will be payable semi-annually in arrear in equal instalments on and in each year, commencing on . All payments of principal, premium (if any) and interest by or on behalf of the Issuer or the Guarantor in respect of the Bonds or under the Guarantee shall be made free and clear of, and without withholding or deduction for, any present or future taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or within the Cayman Islands or the PRC to the extent described in “Terms and Conditions of the Bonds — Taxation”. The Guarantor has completed the pre-issuance registration (the “Pre-Issuance Registration”) of the issuance of the Bonds with the National Development and Reform Commission or its local counterparts (the “NDRC”) in accordance with the Circular on Promoting the Reform of the Filing and Registration System on the Issuance by Enterprises of Foreign Debt (Fa Gai Wai Zi [2015] No. 2044)(國家發展改革委關於推進企業發行外債備案登記制管理改革的通知)(發改外資 [2015] 2044號)(the “NDRC Circular”) issued by the NDRC which came into effect on 14 September 2015. The Guarantor has received an Enterprise Foreign Debt Pre-Issuance Registration Certificate dated 11 July 2018 from the NDRC with respect to the Pre-Issuance Registration, which as at the date of this Offering Circular, remains valid and in full force and effect. The Guarantor will be required to file or cause to be filed with the NDRC the requisite information and documents within ten PRC Business Days (as defined in “Terms and Conditions of the Bonds”) after the Issue Date in accordance with the NDRC Circular and any implementation rules as issued by the NDRC from time to time. The Guarantor will enter into a deed of guarantee (the “Deed of Guarantee”) on or about the Issue Date with The Bank of New York Mellon, London Branch (the “Trustee”) in relation to the Guarantee. The Guarantor will be required to file or cause to be filed with the Nanjing Branch of the State Administration of Foreign Exchange (“SAFE”) the Guarantee within 15 PRC Business Days after the Issue Date in accordance with the Provisions on the Foreign Exchange Administration of Cross-Border Guarantees (跨境擔保外匯管理規定) promulgated by SAFE on 12 May 2014 which came into effect on 1 June 2014 (the “Cross-Border Security Registration”).
Load more

Recommended publications
  • 151016 CB China Power of Retailing 2015 CN.Docx
    China Power of Retailing 2015 China Power of Retailing 2015 1 Foreword 2015 has witnessed the recovery of a global economy and the gradual stabilization of a real economy in China. While the Eurozone economy continues to improve, the differentiation among its economies remains noticeable. “Abeconomics” throws Japan into deep recession. The United States of America, as the only exception, enters the trajectory of a strong recovery and the US dollar has appreciated sharply against other major world currencies. Its well-anticipated rise in interest rate in the fourth quarter forebodes an accelerated devaluation of currencies in most emerging economies. As a result, the pressure on devaluating RMB is mounting. With a slowed growth rate, the Chinese economy has arrived at the stage of new normal. The YoY growth for the first half of the year lingers around 7%, hindered by the deceleration of the three engines that used to propel GDP growth – a sluggish export, a slow growth in investment and a domestic consumption that continues to fall behind expectation. Although the growth rate of the total retail of consumer goods has dropped, it has far outpaced the domestic industrial growth. With the consumer confidence seeing constant improvement that will further free up consumption potential, consumption is expected to continue pulling the economy in the future. A continued fall in oil prices has offset the inflationary pressure, curbing the inflation at a lower level to make room for executing a lax monetary policy. To further boost investment and consumption, and reduce enterprise financing costs, the government has gradually redirected its macro economy from “stabilize growth and adjust structure” to “ensure growth,” making the lowering of interest rate and reserve ratio possible in the second half of the year.
    [Show full text]
  • 2020 INTERIM REPORT Corporate Information (Continued)
    INTERIM REPORT CONTENTS Corporate Information 2 Chairman’s Statement 4 Management Discussion and Analysis 7 Corporate Governance 32 Disclosure of the Interests Information 34 Other Information 40 Review Report on the Interim Financial Information 45 Consolidated Statement of Comprehensive Income 46 Consolidated Statement of Financial Position 48 Consolidated Statement of Changes in Equity 50 Condensed Consolidated Cash Flow Statement 53 Notes to the Unaudited Interim Financial Statements 54 Corporate Information BOARD OF DIRECTORS NOMINATION COMMITTEE Executive Directors Mr. Yi Xiaodi (Chairman) Mr. Yi Xiaodi (Chairman) Mr. Gu Yunchang Mr. Fan Xiaochong (Vice Chairman) Mr. Wang Bo Non-executive Directors JOINT COMPANY SECRETARIES Ms. Fan Xiaohua Mr. Tsang Ho Yin Mr. Wang Gongquan Mr. He Jie Independent non-executive Directors COMPANY’S WEBSITE Mr. Gu Yunchang www.ss100.com.cn Mr. Ng Fook Ai, Victor Mr. Wang Bo AUTHORISED REPRESENTATIVES AUDIT COMMITTEE Mr. Yi Xiaodi Mr. Tsang Ho Yin Mr. Ng Fook Ai, Victor (Chairman) Mr. Gu Yunchang Mr. Wang Bo REGISTERED OFFICE 190 Elgin Avenue REMUNERATION COMMITTEE George Town, Grand Cayman KY1–9005 Mr. Wang Bo (Chairman) Cayman Islands Mr. Fan Xiaochong Mr. Gu Yunchang 2 2020 INTERIM REPORT Corporate Information (Continued) HEAD OFFICE PRINCIPAL BANKS Tower D, Floor 12 Agricultural Bank of China No. 2 Guang Hua Road China Everbright Bank Beijing 100026 China Minsheng Banking Corp., Ltd. PRC China Zheshang Bank Co., Ltd. Hua Xia Bank Co., Ltd. PRINCIPAL PLACE OF BUSINESS IN HONG KONG HONG KONG BRANCH SHARE 39/F, Gloucester Tower, REGISTRAR AND TRANSFER OFFICE The Landmark, 15 Queen’s Road Central, Computershare Hong Kong Investor Services Limited Hong Kong Shops 1712–1716, 17th Floor, Hopewell Centre PRC 183 Queen’s Road East Wanchai Hong Kong LEGAL ADVISER PRC Morrison & Foerster PRINCIPAL SHARE REGISTRAR AND AUDITOR TRANSFER OFFICE KPMG SMP Partners (Cayman) Limited 8th Floor, Prince’s Building Royal Bank House – 3rd Floor 10 Chater Road 24 Shedden Road Central P.O.
    [Show full text]
  • Annual Report 2020 3 Major Achievements
    Report of Corporate Governance Lianhua Supermarket Holdings Inner Co. , Ltd. Hebei Mongolia 0 0 (“Lianhua Supermarket” or the “Company”) 1 5 commenced its business in Shanghai in 1991. 0 0 In the past 29 years, it has developed into a nationwide retail chain operator with a full range of retail segments, expanding through a Beijing Shanghai combination of direct operation, franchises and 1 31 merger and acquisitions. As at 31 December 1 1,251 2020, Lianhua Supermarket and its subsidiaries 13 567 (the “Group”) operated a total of 3,192 outlets (excluding those operated by the Company’s associated companies) in 20 provinces and municipalities across the nation. The Company has maintained its leading position in the fast moving consumer goods retail industry in the People’s Republic of China (the “PRC”). Lianhua Supermarket was the first Chinese retail chain operator to be listed on The Stock Exchange of Hong Kong Limited (the “Stock Heilongjiang Anhui Exchange”) on 27 June 2003. 1 9 0 50 The Group operates in three main retail 0 0 segments – hypermarkets, supermarkets and convenience stores, catering for the Yunnan diverse needs of consumers. These three Qinghai 0 segments expand under the brand names of 0 4 “Century Mart”, “Lianhua Supermarket”, 4 0 “Hualian Supermarket” and “Lianhua Quik”, 0 respectively. In recent years, “Lianhua Supermarket”, “Hualian Supermarket” and “Lianhua Quik” have been awarded as one of the China Outstanding Franchise Brands Zhejiang Shandong （「 中 國 by the Franchise Committee of 67 0 優秀特許品牌」） China Chain Store
    [Show full text]
  • Link Al Formato
    CONFIMI 11 giugno 2019 La proprietà intellettuale degli articoli è delle fonti (quotidiani o altro) specificate all'inizio degli stessi; ogni riproduzione totale o parziale del loro contenuto per fini che esulano da un utilizzo di Rassegna Stampa è compiuta sotto la responsabilità di chi la esegue; MIMESI s.r.l. declina ogni responsabilità derivante da un uso improprio dello strumento o comunque non conforme a quanto specificato nei contratti di adesione al servizio. INDICE CONFIMI 07/06/2019 CASA&CLIMA 6 Ecobonus: alcune scelte discutibili 11/06/2019 Cronaca di Verona 8 IMPRENDITORI, SCUOLA E AGENZIE DEL LAVORO CONFIMI WEB 11/06/2019 bergamonews.it 07:00 10 JobsAcademy, l'alternativa che non c'era 11/06/2019 edilportale.com 08:00 13 Cantieri edili, le imprese specialistiche dicono no al contratto leader 10/06/2019 edilportale.com 08:00 15 Sblocca Cantieri, le perplessità delle imprese specialistiche 10/06/2019 casaeclima.com 16 Sblocca-cantieri e Codice dei contratti: da FINCO una prima analisi del testo approvato dal Senato 10/06/2019 bergamosera.com 08:37 19 Bergamo, microspie negli uffici dell'Ente Fiera: è giallo 11/06/2019 Guida Finestra 04:34 20 Chiusure Tecniche al Closing 2019. Bologna, 20 giugno 10/06/2019 OglioPoNews 08:50 21 Il cielo in una stanza: nel Castello di San Lorenzo con Apindustria fa passi avanti il progetto Rotary Cop 10/06/2019 teatrionline.com 16:17 22 Voci fiorentine: incontro con Paolo Zampini SCENARIO ECONOMIA 11/06/2019 Corriere della Sera - Nazionale 25 L'industria italiana frena ancora Dati peggiori delle
    [Show full text]
  • Universita' Degli Studi Di Padova
    UNIVERSITA’ DEGLI STUDI DI PADOVA DIPARTIMENTO DI SCIENZE ECONOMICHE ED AZIENDALI “M.FANNO” CORSO DI LAUREA IN ECONOMIA PROVA FINALE “L’INDUSTRIA CALCISTICA NELL’ECONOMIA CINESE” RELATORE: CH.MO PROF. GIORGIO BRUNELLO LAUREANDO/A: BENEDETTO TODARO MATRICOLA N. 1088929 ANNO ACCADEMICO 2016 – 2017 2 Alla mia famiglia 3 4 Indice Introduzione……………………………………………………………………………………7 Capitolo 1: L’economia del calcio cinese: una prospettiva interna…………………………….9 1.1 Panoramica economica delle maggiori società calcistiche del campionato cinese……………………………………………………………………………..…10 1.2 Riflessioni e possibili scenari futuri…………………………………………..…24 Capitolo 2: L’espansione della Cina nel mercato calcistico europeo………………….………27 2.1 L’ingresso del gruppo Suning nell’FC Internazionale S.p.A……………..……...31 2.2 Il lungo iter che ha portato alla cessione dell’AC Milan S.p.A………………….35 Conclusione……………………………………………………………………….…………..43 Bibliografia………………………………………………………..……………...….…….…44 5 6 Introduzione Al giorno d’oggi viviamo in un mondo dove il denaro e la finanza invadono svariati settori. Tra questi vi è anche quello sportivo, con il calcio in prima linea. La Cina, in particolare, all’interno della sua espansione economica, negli ultimi anni sta immettendo sempre più capitali nel mondo calcistico: internamente, con le squadre del campionato cinese che acquistano sempre più calciatori dall’estero a prezzi altissimi e dando loro stipendi ancora più esorbitanti, ed esternamente, acquisendo quote di club esteri sempre più importanti. In questo elaborato si analizzeranno
    [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]
  • Anisotropic Patterns of Liver Cancer Prevalence in Guangxi in Southwest China: Is Local Climate a Contributing Factor?
    DOI:http://dx.doi.org/10.7314/APJCP.2015.16.8.3579 Anisotropic Patterns of Liver Cancer Prevalence in Guangxi in Southwest China: Is Local Climate a Contributing Factor? RESEARCH ARTICLE Anisotropic Patterns of Liver Cancer Prevalence in Guangxi in Southwest China: Is Local Climate a Contributing Factor? Wei Deng1&, Long Long2&*, Xian-Yan Tang3, Tian-Ren Huang1, Ji-Lin Li1, Min- Hua Rong1, Ke-Zhi Li1, Hai-Zhou Liu1 Abstract Geographic information system (GIS) technology has useful applications for epidemiology, enabling the detection of spatial patterns of disease dispersion and locating geographic areas at increased risk. In this study, we applied GIS technology to characterize the spatial pattern of mortality due to liver cancer in the autonomous region of Guangxi Zhuang in southwest China. A database with liver cancer mortality data for 1971-1973, 1990-1992, and 2004-2005, including geographic locations and climate conditions, was constructed, and the appropriate associations were investigated. It was found that the regions with the highest mortality rates were central Guangxi with Guigang City at the center, and southwest Guangxi centered in Fusui County. Regions with the lowest mortality rates were eastern Guangxi with Pingnan County at the center, and northern Guangxi centered in Sanjiang and Rongshui counties. Regarding climate conditions, in the 1990s the mortality rate of liver cancer positively correlated with average temperature and average minimum temperature, and negatively correlated with average precipitation. In 2004 through 2005, mortality due to liver cancer positively correlated with the average minimum temperature. Regions of high mortality had lower average humidity and higher average barometric pressure than did regions of low mortality.
    [Show full text]
  • Chinese Ownerships in European Football: the Example of the Suning Holdings Group
    1 Department of Business and Management Chair of Corporate Strategies Chinese ownerships in European football: the example of the Suning Holdings Group SUPERVISOR CANDIDATE Prof. Paolo Boccardelli Davide Fabrizio Matr. 668151 CORRELATOR Prof. Enzo Peruffo ACADEMIC YEAR 2018/2019 2 3 Index Introduction ....................................................................................................... 5 Chapter 1: Chinese Ownerships in Football ................................................... 10 1.1 The economic and legal background: revenues diversification and Financial Fair Play ......................................................................................... 11 1.1.1 A mountain to climb: profits drivers in football............................. 11 1.1.2 UEFA and Financial Fair Play: the end of football patronage? ...... 16 1.2 A new Silk Road: brief history of the phenomenon .............................. 21 1.2.1 The internal expansion: State Council’s guidelines and the development of Chinese football ..................................................................................... 21 1.2.2 The external expansion: some very good (and a few, very bad) examples .................................................................................................... 29 1.2.2.1 A.C. Pavia and A.C. Milan.............................................................. 40 1.3 Strategies change: Chinese capital control policies and their aftermaths on football .....................................................................................................
    [Show full text]
  • 2019 Annual Report 2019Re P O Rt Annu a L
    l l t A R Annu Repo 2019 HUA XIA BANK CO., LIMITED 2019 ANNUAL REPOrt This report is printed on environmentally friendly paper is printed on environmentally This report Address: Hua Xia Bank Mansion, 22 Jianguomennei Street, Dongcheng District, Beijing Postal code: 100005 District, Beijing Postal Address: Hua Xia Bank Mansion, 22 Jianguomennei Street, Dongcheng 010-85239605 Fax: 010-85239938 010-85238570 Tel: www.hxb.com.cn Website: 2019 Annual Report CONTENTS 3 Message from Chairman 7 Message from President 8 Important Notice 9 Section I Definitions 10 Section II Company Profile 22 Section III Financial Highlights 27 Section IV Discussion and Analysis of Operations 74 Section V Significant Events 84 Section VI Details of Changes in Ordinary Shares and Shareholders 90 Section VII Preference Shares 94 Section VIII Directors, Supervisors, Senior Management Members, Other Employees and Branches 106 Section IX Corporate Governance 112 Section X Financial Statements 113 Section XI List of Documents for Inspection 114 Written Confirmation of the Annual Report 2019 by Directors, Supervisors and Senior Management Members of Hua Xia Bank Co., Limited 117 Auditor’s Report Chairman: Li Minji 2 2019 Annual Report MESSAGE FROM CHAIRMAN The year 2019 marked the 70th anniversary of the several consecutive years. We set up a steering institution founding of the People’s Republic of China, and saw the dedicated to poverty alleviation, put into practice the success of Hua Xia Bank’s fourth Party congress and requirements for precision poverty alleviation work relating defining of the development course. Guided by Xi Jinping to finance, strengthened financial services for poverty Thought on Socialism with Chinese Characteristics for a alleviation, elderly care, community, education, medical New Era, we thoroughly implemented the guiding principles care and other fields, and went all out to provide financial of the 19th National Party Congress, the second, third and support to poverty alleviation.
    [Show full text]
  • Guangxi Nanning Urban Environmental Upgrading Project
    Resettlement Planning Document Resettlement Plan for Qingxiushan Park Ecological Upgrading Subproject Document Stage: Final Project Number: 37596 February 2006 PRC: Guangxi Nanning Urban Environmental Upgrading Project Prepared by Qingxiu Mountain Scenic & Tourist Resort Development Co. Ltd The resettlement plan 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. ASIAN DEVELOPMENT BANK RESETTLEMENT PLAN QINGXIUSHAN PARK ECOLOGICAL UPGRADING SUBPROJECT OF GUANGXI NANNING URBAN ENVIRONMENTAL UPGRADING PROJECT IN THE PEOPLE'S REPUBLIC OF CHINA QINGXIU MOUNTAIN SCENIC & TOURIST RESORT DEVELOPMENT CO. LTD FEBRUARY 2006 iii Letter of Commitment Asian Development Bank, The People’s Government of Nanning City has applied for a loan, through Ministry of Finance of the People’s Republic of China, from Asian Development Bank to finance this sub-project. Therefore, it must be implemented in compliance with the guidelines and policies of Asian Development Bank for social sectors. This Resettlement Plan is in line with the key requirement of Asian Development Bank and will constitute the basis for land acquisition, house demolition and resettlement of the sub-project. The plan also complies with the laws of the People’s Republic of China and local regulations, as well as with some additional measures and the arrangements for implementation and monitoring for the purpose of achieving better resettlement results. The People’s Government of Nanning City hereby confirms the contents of this Resettlement Plan, and guarantees that budget as set in the Resettlement Plan will be covered by the total project budget and be made available on time.
    [Show full text]
  • Guangxi Nanning Urban Environmental Upgrading Project
    ASIAN DEVELOPMENT BANK RESETTLEMENT PLAN (UPDATED FINAL VERSION ) NANNING KELIJIANG RIVER COMPREHENSIVE ENVIRONMENTAL UPGRADING SUBPROJECT OF GUANGXI NANNING URBAN ENVIRONMENTAL UPGRADING PROJECT IN THE PEOPLE'S REPUBLIC OF CHINA NANNING XIANGSIHU NEW DISTRICT CONSTRUCTION AND DEVELOPMENT CO. LTD. 15 NOVEMBER, 2007 NANNING – P. R. CHINA i Letter of Commitment Asian Development Bank, The People’s Government of Nanning City has applied for a loan, through Ministry of Finance of the People’s Republic of China, from Asian Development Bank to finance this subproject. Therefore, it must be implemented in compliance with the guidelines and policies of Asian Development Bank for social safeguards. This Resettlement Plan is in line with the key requirement of Asian Development Bank and will constitute the basis for land acquisition, house demolition and resettlement of the subproject. The plan also complies with the laws of the People’s Republic of China and local regulations, as well as with some additional measures and the arrangements for implementation and monitoring for the purpose of achieving better resettlement results. The People’s Government of Nanning City hereby confirms the contents of this Resettlement Plan, and guarantees that budget as set in the Resettlement Plan will be covered by the total project budget and be made available on time. The People’s Government of Nanning City has discussed the draft Resettlement Plan with relevant units that have confirmed their acceptance, and authorizes Nanning Resettlement Management Office for ADB Financed Projects as the responsible agency to generally manage the implementation of the project and related resettlement activities, and the Governments of concerned Urban Districts to be responsible for implementation of the project and related resettlement activities within the respective Urban Districts.
    [Show full text]
  • Land Use Scenario Simulation and Ecosystem Service Management for Different Regional Development Models of the Beibu Gulf Area, China
    remote sensing Article Land Use Scenario Simulation and Ecosystem Service Management for Different Regional Development Models of the Beibu Gulf Area, China Dengyue Zhao 1, Mingzhu Xiao 2, Chunbo Huang 1,3,* , Yuan Liang 2 and Zitao Yang 1 1 Research Center for Spatial Planning and Human-Environment System Simulation, School of Geography and Information Engineering, China University of Geosciences, Wuhan 430078, China; [email protected] (D.Z.); [email protected] (Z.Y.) 2 School of Arts and Communication, China University of Geosciences, Wuhan 430074, China; [email protected] (M.X.); [email protected] (Y.L.) 3 College of Horticulture and Forestry Sciences/Hubei Engineering Technology Research Center for Forestry Information, Huazhong Agricultural University, Wuhan 430070, China * Correspondence: [email protected] Abstract: Land use change is an important way for human activities to affect ecosystems. Based on the land use demands and policies, the simulation of future land use changes under different scenarios can test the rationality of socio-economic and policy-oriented land use changes. In this study, we set three scenarios of regular growth, ecological protection, and ecotourism development in 2030 for the Beibu Gulf area, China. We simulated the spatial distribution and evolution characteristics of the future landscape pattern using the Scenario Generator Rule Based Module of InVEST. Meanwhile, the ecosystem service value (ESV) was estimated by the improved unit area value equivalent method to reveal the trend of ESVs under different regional development models. The results indicated that Citation: Zhao, D.; Xiao, M.; the land use changes in the Beibu Gulf during 1999–2014 showed significant spatial heterogeneity.
    [Show full text]