REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group is principally engaged in property development and management, including planning, designing, budgeting, licensing, contract tendering and contract administration and property investment. The Group also has a cultural tourism project in Changbaishan, the People’s Republic of China (the “PRC”). JAU is an education institution established in Jilin Province specializing in agriculture and life science. As previously stated in the Company’s 2021/2022 annual report, there had been many uncertainties within the property development sector where the Group operates. The management is dedicated to seize new business opportunities to carry out traditional cultural inheritance and training, tourist spot operation and management, healthcare, cultural innovation, the development of tourist products and related consumer goods and infrastructure around themes such as culture, health, education, new concept tourism, tourism-related consumer goods and related supporting consumer goods. This enables the Group to (i) enrich the Group’s business portfolio; (ii) create a sustainable business development model; (iii) diversify the Group’s business risks from its property development business; and (iv) most important of all, to bring value to its shareholders, employees and other stakeholders. Since then, the management has been exploring various resources within the Jilin Province in the PRC, in particular, the Changbaishan area. The entering into of the Cooperation Agreement is the first step for the Group to explore the business opportunities that are available from the natural resources in Changbaishan area. The management has obtained the Directors’ approval to carry out studies and researches on any possible opportunities relating to the cultural tourism-related businesses. The Board will further analyse the outcome of these studies and researches in order to assess the financial viability and feasibility of any businesses that may be derived from the natural resources of ginseng and will determine if it will open up another income source for the Group. The Company will make further announcement(s) updating the business development of the Group as and when appropriate in compliance with the relevant Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. By order of the Board Hua Yin International Holdings Limited Ng Man Kit Micky Company Secretary Hong Kong, 5 September 2022 As at the date of this announcement, the Executive Directo...
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group is principally engaged in the distribution of pharmaceutical and healthcare products in the PRC. To seek for more business opportunities and to maximise return to the Company and the Shareholders in the long run, the Directors are of the view that the entering into of the Cooperation Agreement and the transactions contemplated thereunder can create a good opportunity for the Group to expand its business into the markets of manufacturing and sales of medical devices, to enhance the Group’s revenue source, and to create a synergy effect with the existing business of the Group. More specifically, the Board considers that:
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group has established an experienced team and a good reputation and has a wide range of synergistic resources through providing planning and promotion as well as integration of resources and marketing services to a number of domestic and foreign companies in Mainland China. The cooperation with the CGCC further acknowledge the capabilities and experience of the Group and the team. The Group believes this is an extraordinary opportunity to expand its market share. At the same time, the Group and the CGCC will be able to mobilize their respective advantageous resources, generate synergies, empower future development and create values. Based on the above reasons and benefits, the Directors are of the view that the entering into of the Cooperation Agreement is in line with the business of the Group and is in the interests of the Company and its shareholders as a whole. By order of the Board Creative China Holdings Limited Xxxxxx Xxxx Xxxx Chairman & Executive Director Hong Kong, 20 July 2020 As at the date of this announcement, the Board comprises Mr. Philip Xxxx Xxxx and Xx. Xxxx Xxxxxxxx as executive directors; Xx. Xxxx Shiyuan, Mr. Ge Xuyu and Xx. Xxxx Xxxx as non-executive directors; and Ms. Fu Yuehong, Xx. Xxx Xxx Xxxx and Xx. Xxx Song Xxxxx as independent non-executive directors. This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading. This announcement will remain on GEM website at xxx.xxxxx.xxx on the “Latest Company Announcements” page for at least seven days from the date of its publication and will be published on the website of the Company at xxx.xxxxxxxxx.xxx
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Board believes that through establishing the Brand Management Company and opening extensive chain stores in the PRC, the Group can further consolidate the distribution channels of its products and seize huge opportunities in the fast-growing healthcare market in the PRC. The Board considers that the Cooperation Agreement is on normal commercial terms and the terms thereof are fair and reasonable and the transactions contemplated thereunder are in the interest of the Company and its shareholders as a whole.
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group mainly engages in property development and has been adopting the strategy to develop properties in high growth regions in the PRC. The Target Company has potential land resources in Nanchang where the Group has successfully built up its presence. The Directors are of the view that this cooperation will further strengthen the advantage of the Group in Nanchang, which will in turn facilitate the development of the Group. The Directors (including the independent non-executive Directors) consider that the terms of the Coorporation Agreement are on normal commercial terms, and are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group has been actively developing its environmental protection business in the current financial year and has witnessed continuous growth in this business segment since the acquisition of Shanxi Jinxin Keyuan Environmental Protection Science and Technology Company Limited （山西晉新科源環保科技有限公司）in March 2021. The biomass direct-fired and gasified power generation technology adopted by the Complete Equipment Systems of Power Generation is an environmental-friendly power generation technology under rapid development and scalable application both at home and abroad. Utilizing surplus biomass in agriculture and forestry as fuels and equipped with complete combination of professional biomass gasifiers and gas-fired boilers, it can achieve high efficient combustion of biomass energy and power generation. Leveraging on the environmental friendliness, low cost, carbon neutrality and other characteristics of biomass energy and supported by national and overseas policies on advocating the development of green and recyclable energy and encouraging the clean and high-efficient use of biomass, it can achieve the long-term target on reducing pollution and carbon emissions and facilitate in maintaining environmental sustainability. The Board is of the view that, through entering into the Cooperation Agreement, the Group and CSNE can fully utilise the resources, network and professional expertise of each other to engage in integrated cooperation, provide different overseas customers with suitable technology and equipment solutions and enable them to align with local policies and initiatives on green and environmental protection. This will in turn xxxxxx the development of a mutually beneficial customer-end market. In particular, with the implementation of projects under this business cooperation model, it will consolidate the Group’s strength in and create synergy effect with its environmental protection business and boost the business and revenue growth in the Group’s environmental protection segment in the long run. The Board is of the view that the terms of the Cooperation Agreement are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group organises many different performance events in the PRC and has developed an experienced team with sounded reputation in event organisation sector. The cooperation with Asia Media, which has great resources on various artists’ performance events (especially for Korean artists), proves that the abilities and experiences of the Group’s production team are recognised by the organisations out of the PRC. This gives the opportunity to the Group to enter into the market in the entire Greater China area. In addition, the Company and Asia Media will bring in their resources and advantages to create synergy, empower for the future and to create value. The Korean entertainment industrial model has been the main stream of the culture and entertainment market in the Asia region and creates significant impacts to the global culture and entertainment market. The Korean dramas, films, variety programs and pop music are very popular among the audiences in the Asia region and hence increase the reputation of Korean artists. Many of them have over ten million of fans globally, therefore they have many opportunities to participate in various performance events and fan interactive events in Asia region. The culture of Korean artist performance events has been drawing high audiences’ attention, it stimulates the development and brings economic benefits to the entire culture of the entertainment market in the Asia region. As there are many supporters of Korean artists in the PRC currently, the Group believes, amid the trend of globalisation, the development of Korean culture and entertainment industry in the PRC is yet to be saturated. In this case, the resources of Korean artists’ performance events from the Cooperation Agreement can be very valuable to the Group. Nowadays, fan economy is the main stream of entertainment market and the interaction between the stars and fans is very important. “Great Star” is aiming to combine the application of blockchain technology and smart contracts, which the Group is currently getting into research and development, to build up an interactive and more sticky community for the stars and fans with great trust in the new entertainment ecology. Fans can participate throughout the development of the artists and affects the growth of them. The Group can lever the influence of Korean stars from Cooperation Agreement to improve “Great Star” charisma. Through the “offline” and “online” contents and events, users can enjoy more attractive e...
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. Through the cooperation with the Sales Outlets, the Group is able to promote the sales of lottery products to more customers through Alibaba Group’s physical new retail distribution channel and networks, thereby broadening the source of revenue from the Group’s lottery distribution business. The Directors (including the independent non-executive Directors) are of the view that the terms of the Cooperation Agreement and the Annual Caps are fair and reasonable, the Transactions are on normal commercial terms and the entering into of the Cooperation Agreement is in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole.
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Board considers that by entering into the Cooperation Agreement, it will provide more financing sources to the Company, accelerate the development of the projects of the Company and enable the Company to cooperate with China Create in exploring more projects in the future. The transactions contemplated under the Cooperation Agreement do not constitute notifiable transactions of the Company for the purpose of Chapter 14 of the Listing Rules. By Order of the Board China Ruifeng Renewable Energy Holdings Limited Xx Xxxxxxxx Chairman Hong Kong, 25 July 2014
REASONS FOR AND BENEFITS OF ENTERING INTO THE COOPERATION AGREEMENT. The Group is principally engaged in the designing, marketing and selling of intimate wear products in the PRC. Tencent is a company incorporated in the PRC wholly-owned by Tencent Holdings Limited which in turn is a leading provider of internet value added services in the PRC and listed on the Stock Exchange (stock code: 0700). Its services include, for example, the mobile application “WeChat”. The Board believes that developments such as those set out above would provide consumers with new, interesting, efficient and customer-oriented digitized shopping experience, and improve the quality of services with a view to improve sales of retail stores. The Group will continue to make use of advanced technology to set up IT retail stores in the future. The Directors are of the view that the terms of the Cooperation Agreement are fair and reasonable and in the interests of the Company and its Shareholders as a whole.
