StockCode:000055,200055StockID:FangdaGroup,FangdaB AnnouncementNo.
2013-16
AnnouncementofChinaFangdaGroupCo.,Ltd.
ThemembersoftheBoardandtheCompanyguaranteethattheannouncementisfreefrom
anyfalseinformation,misleadingstatementormaterialomissionandarejointlyandseverally
liablefortheinformation’struthfulness,accuracyandintegrity.
I.Abouttheproject
FangdaAutomationSystemCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,recently
wonthebidofplatformscreendoorsandsecuritydoorsinfourprojects:Xi’anmetrolineNo.3
(phaseI)(Yuhuazhaitobondedarea),NanchangrailtransportlineNo.1(PhaseI)(jointwith
ShenzhenDecorationEngineeringCo.,Ltd.),FuzhourailtransportlineNo.1(PhaseI)andHubei
inter-cityrailway(Wuhan-Huangshi,Wuhan-Xianning,Wuhan-XiaoganandWuhan-Huanggang).
ThetotalamountreachesRMB234,970,000.
II.Impactsonthelistedcompany
Thecontractamountoftheabove-mentionedprojectsaccountsfor16.81%oftheCompany's
revenuein2012.Theprojecttermrangesbetween6and18months.Theseprojectswilllargely
propeltheCompany'srevenuegrowthin2013andfollowingyears.However,givenfactors
includingprepayment,engineering,acceptanceandsettlement,theimpactsdependsonboth
parties'performanceofthecontracts.Therefore,impactsontheCompany'sbusinessin2013and
followingyearsaresubjecttoactualimplementationoftheprojects.
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
Bidnotice
Theaboveisfortheattentionofshareholders.
BoardofDirectorsofChinaFangdaGroupCo.,Ltd.
July8,2013
