StockCode:000055,200055StockID:FangdaGroup,FangdaB AnnouncementNo.
2013-14
ChinaFangdaGroupCo.,Ltd.
ThemembersoftheBoardandtheCompanyacknowledgebeingresponsibleforthe
truthfulness,accuracy,andcompletenessoftheannouncement.Notanyfalserecord,misleading
statementorsignificantomissioncarriedinthisannouncement.
I.Projectandbidprofile
ShenzhenFangdaDecorationEngineeringCo.,Ltd.,awholly-ownedsubsidiaryofthe
Company,recentlysignedtheSOHOChinaShanghaiBundprojectandWuhanWandaCentre
CulturalDistrictJ1WuxiuTheatreprojectandwonthebidforthecurtainwallprojectofthe
Guangzhou GTLand Pearl River City D3-2 Area, with a total contact amount of
RMB255,428,912.25.
II.ImpactsoftheprojectsontheCompany
1. The contractamountoftheabove-mentionedprojectsaccountsfor18.27%ofthe
Company'srevenuein2012.Theprojecttermrangesbetween6and18months.Theseprojects
willlargelypropeltheCompany'srevenuegrowthin2013andfollowingyears.However,given
factorsincludingprepayment,engineering,acceptanceandsettlement,theimpactsdependson
bothparties'performanceofthecontracts.Therefore,impactsontheCompany'sbusinessin2013
andfollowingyearsaresubjecttoactualimplementationoftheprojects.
2.TheCompanyanditscounterpartsintheabove-mentionedprojectsarenotrelatedparties.
3.TheseprojectswillnotaffecttheCompany'sbusinessindependence.TheCompanywill
notdependonitscounterpartsintheabove-mentionedprojects.
4.Givenfactorsincludingprepayment,engineering,projectprogress,materialcosts,
acceptanceandsettlement,theprojectsmaybringuncertaintiesfortheCompany'sfiscalposition.
III.Riskanalysis
Bothpartiesintheprojectshavethecapabilitytoperformthecontract.However,the
implementationoftheprojectsmaybeaffectedbyunforeseeablefactorsorforcemajeure.
IV.Reference
Contractsandnoticeonbidwinning
Theaboveisfortheattentionoftheshareholders.
BoardofDirectorsofChinaFangdaGroupCo.,Ltd.
June19,2013
