News

News Center

Vic Hydraulics: Announcement on signing a major contract

2018-04-27

Securities Code: 831807 Securities Abbreviation: Vic Hydraulic Host Broker: Huaxi Securities
Securities Code: 831807 Securities Abbreviation: Vic Hydraulic Host Broker: Huaxi Securities
 
Announcement of Shaoyang Vic Hydraulic Co., Ltd. on Signing Major Contracts
the company and all members of the board of directors to ensure that the contents of the announcement is true, accurate and complete, no false records, misleading statements or major omissions, and the contents of the true, accurate and complete bear individual and joint legal responsibility. Shaoyang Vic Hydraulic Co., Ltd. recently signed two contracts with the Construction Administration of the Middle Route of the South-to-North Water transfer Project.
 
Signing of 1. Contract
 
(I) Project Name:
1. Maintenance Bid for Hydraulic Hoist of Henan Branch of Jinjie Electromechanical Equipment Maintenance Project of South-to-North Water Diversion Middle Route Main Line Project (Contract No.: ZXJ/YW/JDJ-004).
2. Maintenance Bid for Hydraulic Hoof of Hebei Branch of Jinjie Electromechanical Equipment Maintenance Project of South-to-North Water Diversion Middle Route Main Line Project (Contract No.: ZXJ/YW/JDJ-006).
 
(II) contract amount
1. RMB (in words) 3,011, 52,000, 81,103 Yuan only
($30152813.00).
2. RMB (in words) one thousand eight hundred and fifty-seven thousand one hundred and eighty-nine yuan only
($18517189.00).
 
(III) contract term
Announcement No.: 2017-011
The planned service period is three years from the date of signing the contract.
 
The impact of 2. contract performance on the company.
 
The signing of the (I) contract is a supplement to our company's business development and market development. The performance of the contract will have a positive effect on the company's operating performance, profitability, integration of industry resources and industrial advantages and the establishment of brand influence.
 
(II) the performance of the above-mentioned contract does not affect the company's operational independence, and there is no possibility that the company's main business will become dependent on the partner due to the performance of the contract;
 
(III) the performance of the above contract does not constitute a connected transaction;
 
Consideration of the signing of 3. contracts
 
According to the Articles of Association, the signing of the above-mentioned contract does not need to be considered by the board of directors and the general meeting of shareholders of the company.
 
4. Documents for Reference
 
Contract Document for Jinjie Electromechanical Equipment Maintenance Project of Middle Route of South-to-North Water Diversion Project, No.: ZXJ/YW/JDJ-004;
Contract Document of Jinjie Electromechanical Equipment Maintenance Project of the Middle Route of South-to-North Water Transfer Project, No. ZXJ/YW/JDJ-006.
 
Shaoyang Vic Hydraulic Co., Ltd.
Board of Directors
April 20, 2017