Securities code: Beijing Jingyuntong Technology Co.Ltd(601908) securities abbreviation: Beijing Jingyuntong Technology Co.Ltd(601908) Announcement No.: pro 2022008 Beijing Jingyuntong Technology Co.Ltd(601908)
Supplementary announcement on the signing of monocrystalline silicon wafer sales framework contract by wholly-owned subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents Beijing Jingyuntong Technology Co.Ltd(601908) disclosed the announcement on the signing of monocrystalline silicon wafer sales framework contract by wholly-owned subsidiaries (p.2022007) on March 1, 2022. In order to facilitate investors to further understand the relevant situation, the supplementary explanations to the announcement are as follows:
1、 Liability for breach of contract
The purchase quantity agreed in the sales framework contract is 290 million monocrystalline silicon wafers. If the annual purchase quantity of silicon wafers by the counterparty is less than 90% of the total annual purchase quantity agreed in the contract, the defaulting party shall bear a certain amount of liquidated damages for the insufficient quantity. However, the amount of relevant liquidated damages is small, which is not enough to make up for the income generated by the execution of the original contract.
2、 Relevant risk tips
1. This contract is a sales framework contract, which only stipulates the annual sales quantity. The specific sales price is determined by both parties through negotiation every month. The final sales amount may fluctuate with the market price, and there is great uncertainty about the impact on the performance of this year.
2. Although the contract stipulates the purchase quantity, if the other party reduces the purchase, it will bear less liquidated damages, which is not enough to make up for the income generated by the execution of the original contract. If the purchase quantity is lower than that agreed in the contract, there will be significant uncertainty in the actual revenue and profit generated by the company’s implementation of the contract.
3. During the performance of this contract, there are unforeseen factors such as industrial policy adjustment, market environment change and other force majeure factors, which may lead to the failure to perform part or all of the contract.
Please pay attention to investment risks.
It is hereby announced.
Beijing Jingyuntong Technology Co.Ltd(601908) board of directors March 1, 2022
