Subsidiary,ALLTOP Electronic (Suzhou)Co. Ltd. announces construction of factory building
article 4 paragraph 20 Date of events:2018/01/16
1.Type of contract:onerous contract
2.Date of occurrence of the event:2017/01/16
3.Counterparty to the contract and relationship between it and the Company: ZHONGYIFENG Construction Group Co., Ltd. / none.
4.Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and starting and ending dates of the contract), restrictive covenants, and other important stipulations: contract amount:RMB51,880,000 dates of the contract: 2018/01/16~2018/09/30
5.Name of the professional appraisal institution and its appraisal opinion (not applicable to mandating others to build on the Company’s own land; also, the appraisal opinion should include an appraisal of the reasonableness of the contractual method of cooperation):N/A
6.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:N/A
7.Is the appraisal report price a limited price or specific price?:N/A
8.Has an appraisal report not yet been obtained?:N/A
9.Reason an appraisal report has not yet been obtained:N/A
10.Concrete purpose/objective of the acquisition:Expand production line
11.Do the directors have any objection to the present transaction?:N/A
12.Any other matters that need to be specified:none.