Securities code: 002567 securities abbreviation: Tangrenshen Group Co.Ltd(002567) Announcement No.: 2021-202 Tangrenshen Group Co.Ltd(002567)
Announcement on signing the investment agreement
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.
Tangrenshen Group Co.Ltd(002567) (hereinafter referred to as “the company”) convened the 44th meeting of the 8th board of directors on December 14, 2021, and deliberated and adopted the signing
<投资协议书>
The details are as follows:
1、 Protocol overview
1. The company held the 44th meeting of the 8th board of directors on December 14, 2021, and deliberated and adopted the agreement on signing
<投资协议书>
It is agreed that the company will sign the investment agreement with Renhua county people’s government, and the company will invest in the construction of animal nutrition biological feed research, production and marketing base project with its own funds.
2. The signing of this investment agreement is within the approval authority of the board of directors and does not need to be deliberated by the general meeting of shareholders of the company.
3. This transaction does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Main contents of the agreement
Parties:
Party A: Renhua county people’s Government
Party B: Tangrenshen Group Co.Ltd(002567)
Main contents of the agreement:
1. Project Name: Animal Nutrition biological feed research, production and marketing base project (hereinafter referred to as the “project”).
2. Project site selection:
The project is planned to be located in the original cement plant No. 1, Dongtang Town, Renhua county, Shaoguan City, with a total land area of about 65 mu. 3. Main construction contents:
Build production and living facilities with an annual output of 300000 tons of animal nutrition and biological feed production line, comprehensive office building and R & D center.
4. The total investment of the project is planned to be 130 million yuan.
5. The project starts construction within 5 months from the date of signing the state-owned construction land use right transfer contract or land lease contract, is completed and put into operation within 12 months from the commencement of construction, and has passed the completion acceptance organized by relevant departments.
6. Party B is a company with independent legal personality registered in Shaoguan City. The company name is tentatively determined as Shaoguan Xiangda camel Feed Co., Ltd. The registered capital is 10 million yuan. If the project uses the new company to handle land delisting, plant construction and other matters, the new company shall bear the relevant civil rights, interests, liabilities and obligations agreed in this agreement.
7. If either party fails to perform its obligations under the relevant provisions of this agreement due to force majeure and no fault of itself, such failure will not constitute a breach of contract. However, one party must take all necessary remedial measures to reduce the losses caused, submit written materials to the other party within 30 days of the occurrence of force majeure, explain the reasons for the non performance or partial non performance, the remedial measures taken and the reasons for the delay of performance, and provide the certificate of force Majeure issued by relevant departments. The other party shall reply in writing within ten days after receiving the written material description, otherwise it shall be deemed to have approved the contents of the written material description.
8. If this agreement fails to be performed due to the failure of administrative approval, construction and other policy reasons, both parties shall terminate this Agreement on the basis of mutual understanding, and neither party shall constitute a breach of contract.
9. In case of any dispute between Party A and Party B in the performance of this agreement, it shall be settled by both parties through negotiation. If the negotiation fails, it shall bring a lawsuit to the people’s Court of the place where the intended land for the investment project is located (i.e. the place where the agreement is performed).
10. This Agreement shall come into force after being signed and sealed by the representatives of Party A and Party B.
3、 Purpose of foreign investment and its impact on the company
The construction of the project is one of the important measures for the company to implement the feed industry development strategy and ensure the sustainable development of the enterprise. It has good economic benefits and can further consolidate the company’s competitiveness in the local feed market; At the same time, it can effectively drive the employment of surrounding areas and has good social benefits.
Tangrenshen Group Co.Ltd(002567) board of directors December 14, 2021
