Stock Code: 831807 Securities Abbreviation: Vickers Hydraulics Hosting Brokers: Huaxi Securities

 

Shaoyang Victor Hydraulic Co., Ltd. Announcement on Signing Major Contracts

The company and all members of the board of directors ensure that the contents of the announcement are true, accurate and complete. There are no false records, misleading statements or major omissions, and individual and joint legal responsibilities for the truthfulness, accuracy and completeness of the contents of the announcement are assumed. Shaoyang Wake Hydraulics Co., Ltd. recently signed two contracts with the South-to-North Water Transfer Project of the Middle Route Route Project Construction Administration for maintenance of gold junction mechanical and electrical equipment for the South-to-North Water Transfer Project.

 

I. Contract signing

 

(a) Project Name:

1.Maintenance of hydraulic mechanical and electrical equipment for the South-to-North Water Diversion Project of the Middle Route Project and maintenance of the hydraulic hoist at the Henan Branch (Contract No.: ZXJ/YW/JDJ-004).

2.Maintenance of the gold junction mechanical and electrical equipment maintenance project of the South-to-North Water Diversion Middle Route Project and the hydraulic hoist maintenance of the Hebei Branch (contract number: ZXJ/YW/JDJ-006).

 

(B) The amount of the contract

1. RMB (capital) 叁仟 壹 壹 壹 壹 壹 壹 壹 壹 整 整 整 整 整 整

(¥30152813.00).

2. The RMB (capital) and the entire capital

(¥ 18517189.00).

 

(three) the contract period

Announcement number: 2017-011

From the date of signing the contract, the planned service period is three years.

 

Second, the impact of contract performance on the company

 

(1) The signing of the contract is complementary to the development of our company's business 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.

 

(2) The performance of the above-mentioned contract shall not affect the independence of the company's operations, and there is no possibility that the company's main business will become dependent on the partner due to the performance of the contract;

 

(3) The performance of the above contract does not constitute a connected transaction;

 

Third, the deliberation of the contract signing

 

According to the "Articles of Association," the above-mentioned contracts shall be signed without the approval of the company's board of directors and shareholders' meeting.

 

IV. Documents for future reference

 

"Contract Document for Maintenance of Gold-Metal Mechanical and Electrical Equipment of the Middle Route Project of the South-to-North Water Diversion Project", number: ZXJ/YW/JDJ-004;

“Contract Document for Maintenance of Gold-Metal Mechanical and Electrical Equipment of the Middle Route Project of the South-to-North Water Diversion Project”, number: ZXJ/YW/JDJ-006.

 

Shaoyang Vic Hydraulic Co., Ltd.

Board of Directors

April 20, 2017