StockCode:000055,200055StockID:FangdaGroup,FangdaB AnnouncementNo.
2013-27
AnnouncementofChinaFangdaGroupCo.,Ltd.
ThemembersoftheBoardandtheCompanyguaranteethattheannouncementisfreefrom
anyfalseinformation,misleadingstatementormaterialomissionandarejointlyandseverally
liablefortheinformation’struthfulness,accuracyandintegrity.
IProjectandbidprofile
ShenzhenFangdaDecorationEngineeringCo.,Ltd.,awholly-ownedsubsidiaryofthe
Company,recentlywonbidsincurtainwallprojectsincludingHainanGreenTownQingshuiwan
WestinResortVilla,HangzhouASUSInternationalR&DCenter,ChengduPalmSpringsFairmont
Hotels&ResortsandKunmingXishanWandaPlaza.
FangdaNewMaterial(Jiangxi)Co.,Ltd.awholly-ownedsubsidiaryoftheCompany,
recentlysecuredthealuminumsheetsupplyingcontractfortherelocationoftheJiangxiprovincial
governmentandPartyoffices.
IIImpactsoftheprojectsontheCompany
1.Thecontractamountoftheabove-mentionedprojectstotalsRMB265,274,188.60and
accountsfor18.98%oftheCompany'srevenuein2012.Theprojecttermrangesbetween6and
18months.TheseprojectswilllargelypropeltheCompany'srevenuegrowthin2013and
followingyears.However,givenfactorsincludingprepayment,engineering,acceptanceand
settlement,theimpactsdependsonbothparties'performanceofthecontracts.Therefore,impacts
ontheCompany'sbusinessin2013andfollowingyearsaresubjecttoactualimplementationof
theprojects.
2.TheCompanyanditscounterpartsintheabove-mentionedprojectsarenotrelatedparties.
3.TheseprojectswillnotaffecttheCompany'sbusinessindependence.TheCompanywill
notdependonitscounterpartsintheabove-mentionedprojects.
4.Givenfactorsincludingprepayment,engineering,projectprogress,materialcosts,
acceptanceandsettlement,theprojectsmaybringuncertaintiesfortheCompany'sfiscalposition.
IIIRiskanalysis
Bothpartiesintheprojectshavethecapabilitytoperformthecontract.However,the
implementationoftheprojectsmaybeaffectedbyunforeseeablefactorsorforcemajeure.
IVReference
Contractsandbidwinningnotices
Theaboveisfortheattentionofshareholders.
BoardofDirectorsofChinaFangdaGroupCo.,Ltd.
September13,2013
