Securities code: 001212 securities abbreviation: Sinostone(Guangdong) Co.Ltd(001212) Announcement No.: 2022-002 Sinostone(Guangdong) Co.Ltd(001212)
Announcement on the company’s obtaining the exclusive distribution right of Versace brand rock board
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Basic information of contract signing
Sinostone(Guangdong) Co.Ltd(001212) (hereinafter referred to as “the company”) recently obtained the exclusive distribution right of the rock sector products of the famous Italian brand Versace ceramics (hereinafter referred to as “Versace”). On February 14, 2022, the company signed the exclusive distribution agreement with ceramachegardenia Orchidea Spa (hereinafter referred to as “gardnia”), a rock sector manufacturer authorized by Versace. According to the agreement, the company has the right to sell 163.5cm in China (excluding Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan) × 323cm, 12mm and 20mm thick Versace brand rock sector products.
2、 Introduction to both parties
1、 Sinostone(Guangdong) Co.Ltd(001212)
Unified social credit Code: 91440600564536724h
Date of establishment: March 27, 2007
Registered capital: 90.67 million yuan
Registered address: No. 112, Minger Road, Mingcheng Town, Gaoming District, Foshan City
Legal representative: Zhou Jun
Business scope: development and manufacturing: artificial stone decorative materials; Sales: decorative materials, hardware and electricity, artificial and natural stones, cabinets, stone furniture and accessories. Development and sales: stone equipment; Installation of stone products; Brand franchise service; House leasing; Import and export of goods or technologies (excluding those prohibited by the state or involving administrative examination and approval). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments).
2. Ceramache Gardenia Orchidea spa registered office: via Canaletto, 27, Spezzano Di Fiorano (MO), Italy
Company Registration No.: 202795
Gardnia, located in Italy, was founded in 1961. It has an internationally advanced high-tech production line and internationally leading manufacturing technology. It is a manufacturer of rock sectors, ceramics and other products authorized by Versace.
3、 Main contents of the contract
1. Authorization
According to this agreement, the company has the right to sell Versace brand in China (excluding Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan) through kitchen and bathroom retailers, processors, whole house customization and other channels. The size of Versace brand is 163.5cm × 323cm, 12mm and 20mm thick (without trimming). 2. Terms of payment
Pay in full before delivery.
3. Obligations
The company will try its best to promote the sales of products in China and provide corresponding technical assistance and training.
4. Trademark
The company has the right to use Versace’s trademarks, symbols and product names, which are only used to promote the sales of products in China, and shall have the right to use Versace’s trademarks, symbols and product names only after obtaining the written approval of gardnia.
5. Transfer
No rights or obligations under the agreement may be transferred, mortgaged or disposed of, or otherwise entrusted to any third party without the written consent of gardnia.
6. Cooperation period
The agreement shall come into force from the date of signing by both parties and shall be valid until December 31, 2023. It can be renewed in writing before the expiration of the agreement.
7. Secrecy
Due to the current agreement, the company shall keep confidential all information about its products and price list.
4、 Impact of the agreement on Listed Companies
Since its listing in August 2021, the company has accelerated the construction of the strategic layout of the whole green stone industry chain. At present, the company’s products cover quartz stone, rock slab, granite and other fields, and actively layout the industrial chain of high-purity quartz silicon crystal materials. It plans to become a comprehensive green stone industry service provider and a supplier of high-purity silicon crystal raw materials.
The company signed the exclusive distribution right agreement of Versace brand rock sector this time, aiming to further expand the high-end product market, improve the product matrix of the company’s rock sector series, build multi-level category products and services, and better empower multi-channel customers. As a platform for the import, sales and service of rock sector products, the company and its holding subsidiary, namely, secalon (Xiamen) decorative materials Co., Ltd., realize the sales landing and service network layout of high-end well-known brand Versace rock sector products, domestic rock sector of secalon brand and imported rock sector of secalon brand (origin Italy).
This time, the company has obtained the exclusive distribution right of Versace rock sector products, a well-known Italian brand, which is conducive to further enhance the market competitiveness, promote the strategic layout of the whole green stone industry chain, have a positive impact on the development of the company, and comply with the development strategy and long-term interests of the company.
5、 Risk tips
The actual sales situation of the exclusive distribution agreement signed this time is affected by factors such as China’s market environment and market demand, and the profitability is still uncertain.
It is hereby announced.
Sinostone(Guangdong) Co.Ltd(001212) board of directors February 15, 2022
