Securities code: 300187 securities abbreviation: Yonker Environmental Protection Co.Ltd(300187) Announcement No.: 2021-083 Yonker Environmental Protection Co.Ltd(300187)
Announcement on establishing a consortium to sign EPC contract of intent
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.
Special tips:
This contract is a project intention contract signed by the three parties. Hunan Yongtai Construction Engineering Co., Ltd. (hereinafter referred to as "Yongtai construction") and Yonker Environmental Protection Co.Ltd(300187) (hereinafter referred to as " Yonker Environmental Protection Co.Ltd(300187) " or "company") ）Form a consortium to contract the project. At present, the employer and the contractor have not signed a formal contract for the project, and there is still some uncertainty whether they can finally sign a formal contract. The final transaction amount, terms and other specific contents of the contract shall be subject to the final signed contract. Please make careful decisions and pay attention to investment risks. Recently, the company and Yongtai construction voluntarily formed a consortium and signed the EPC intent general contracting contract for Qingyuan Qingnong Qingxin 105mW photovoltaic plant and 110kV booster station project with Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) group Jiangxi Hydropower Engineering Bureau Co., Ltd. (hereinafter referred to as "Jiangxi power construction"). Now the relevant information is announced as follows:
1、 Contract signing overview
（1） Basic information of contract signing
Employer: Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) group Jiangxi Hydropower Engineering Bureau Co., Ltd
Contractor: Hunan Yongtai Construction Engineering Co., Ltd. (Consortium leader)
Yonker Environmental Protection Co.Ltd(300187) (consortium member)
Project Name: Qingyuan qingnongqingxin 105mW centralized photovoltaic power generation project, photovoltaic plant and 110kV booster station project
Contract type: EPC Contract
Contract duration: the total duration of the contract project is 180 days.
Total contract amount: 189 million yuan. According to the undertaking content, the company expects the undertaking contract amount to be 104.3 million yuan (the specific contract amount shall be subject to the officially signed contract)
（2） Effective conditions of the contract
The contract shall be signed by the authorized representative or authorized client and affixed with the official seal or special seal for contract
2、 Introduction to the employer
（1） Basic information
Enterprise name: Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) group Jiangxi Hydropower Engineering Bureau Co., Ltd
Enterprise type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person)
Legal representative: Huang Limin
Registered capital: RMB 80 million
Date of establishment: June 1, 1988
Registered address: No. 138, NANLIAN Road, Qingyunpu District, Nanchang City, Jiangxi Province
Business scope: Construction Engineering, water conservancy and Hydropower Engineering, electric power engineering, power transmission and transformation engineering, foundation engineering, steel structure engineering, highway subgrade engineering, municipal engineering, highway engineering, environmental protection engineering, electromechanical installation engineering, railway engineering, river and lake regulation engineering, ready mixed concrete engineering, landscaping engineering, building intelligence engineering, building decoration engineering Building curtain wall works; Fire engineering construction; Installation of hydropower projects and hoisting machinery; Operation, overhaul and maintenance of power equipment and new energy equipment; Engineering management services; Information technology consulting services; Mechanical equipment leasing; Development, production, processing and sales of building materials; Labor subcontracting of housing construction engineering, construction and installation engineering and building decoration engineering; Self support and agency of import and export business of various commodities and technologies; China trade; Civil engineering labor subcontracting; Self owned real estate business activities (for projects that need to be approved according to law, business activities can be carried out only after being approved by relevant departments)
（2） Relationship with the company
There is no relationship between Jiangxi power construction and the company.
（3） Performance capability analysis
Jiangxi power construction has normal operation, good credit status, sufficient funds and complete performance ability. 3、 Basic information of the Consortium
Yongtai construction and Yonker Environmental Protection Co.Ltd(300187) voluntarily formed a consortium to jointly participate in the EPC project contracting of Qingyuan fresh 105mwp grid connected photovoltaic power generation project, photovoltaic plant and 110kV booster station project. Yongtai construction is the leading unit of the consortium and Yonker Environmental Protection Co.Ltd(300187) is a member of the consortium.
(i) General contracting scope of the Consortium
In addition to components, the fixed unit price of Qingyuan Qingxin 105mwp EPC is 1.80 yuan / watt (including booster station).
（2） Basic information of consortium leader
Enterprise name: Hunan Yongtai Construction Engineering Co., Ltd
Enterprise type: limited liability company (sole proprietorship of legal person invested or controlled by natural person)
Legal representative: Li Jiangshan
Registered capital: RMB 88.88 million
Date of establishment: December 1, 2020
Registered address: No. 2005, Ludu community complex building, No. 569, section 3, Furong Middle Road, Yuhua District, Changsha City, Hunan Province
Business scope: Construction of water conservancy and hydropower projects, environmental protection facilities projects, urban and road lighting projects, building waterproof, anti-corrosion and thermal insulation projects, landscaping projects and housing construction projects; General contracting of municipal public works construction; General contracting of highway engineering construction; General contracting of mechanical and electrical engineering construction; Railway, road, tunnel and bridge engineering construction; Architectural decoration; Landscape engineering design services; Professional contracting of ancient architectural engineering; Professional contracting of fire fighting facilities; Professional contracting of building curtain wall engineering; Professional contracting of foundation and foundation engineering; Construction labor subcontracting; Wholesale of building materials; Professional contracting of steel structure engineering; Construction engineering design in construction industry; Intelligent installation engineering services; Professional contracting of electromechanical equipment installation engineering; Promotion of new energy technologies; Technology development, consultation and transfer of new energy; Energy management services; Operation and maintenance services of new energy projects; EPC services; General contracting of weak current project; Professional contracting of electronic and intelligent engineering; Construction engineering design; Base station power supply construction; Technical consultation of communication base station; Energy technology consulting services; Engineering consulting; Sales and service of electrical equipment; Research and development of electrical technology and energy storage system; Development of information technology and software; Construction of new energy vehicle charging pile, sales, operation and technical services of products and systems; Sales of energy storage equipment; Installation of energy storage equipment; Installation services of electronic automation engineering, building steel structure and prefabricated component engineering; Construction of power engineering and construction engineering. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
（3） Relationship with the company
Yongtai construction has no relationship with the company.
（4） Project contents of consortium members
(1) As the leader of the consortium, Yongtai construction is responsible for the overall coordination and performance of the whole contract. It is mainly responsible for the whole process and all-round design, technical services, 105mW power collection line, transmission line, transformation and distribution system, booster station, energy storage engineering equipment procurement and project implementation of the project under the EPC contract. (2) The company undertakes other relevant responsibilities related to the consortium members as agreed in the consortium EPC agreement, and is mainly responsible for the construction project: undertaking the equipment procurement of 70mW photovoltaic area projects in two bid sections (35mW + 35mW) (except photovoltaic modules), installation and construction, the fixed contract unit price is 1.49 yuan / watt. It mainly includes: Construction of photovoltaic field and including collecting lines, procurement and supply of all equipment except transmission lines, civil engineering and installation, commissioning test, 240 hour trial operation of full capacity grid connection, defect elimination, acceptance, technology and after-sales service of performance guarantee of the whole system Business. Complete all works involved in the completion acceptance of 70mW within the scope of the contract (environmental protection, water and soil conservation, fire control, quality inspection, grid connection, safety assessment, safety completion acceptance, etc., as well as the provision of spare parts, special tools and relevant technical data).
4、 Main contents of the contract
(i) Contract Name: EPC intent general contract for Qingyuan Qingnong Qingxin 105mW photovoltaic plant and 110kV booster station project
（2） Total contract amount: RMB 189 million
（3） Project construction scale: 105mW
（4） Project content:
(1) The whole process and all-round design and technical services (including but not limited to project land acquisition, young crops compensation, preliminary development of the project, handling of various compliance procedures, internal and external coordination, etc.) of the projects within the EPC contract (including photovoltaic field area, collection line, transmission line, transformation and distribution system, booster station (including transmission project interface), energy storage project, etc.).
(2) Survey and design, construction of photovoltaic field, construction of 110kV booster station, collection line, transmission line and energy storage project (including equipment) (excluding photovoltaic modules) procurement and supply, civil engineering and installation, commissioning test, 240 hour trial operation of the project with full capacity grid connection, defect elimination, acceptance of performance guarantee of the whole system, technology and after-sales service]. Complete all work involved in completion acceptance (environmental protection, water and soil conservation, fire control, quality inspection, grid connection, safety assessment, safety completion acceptance, etc., as well as the provision of spare parts, special tools and relevant technical data).
（5） Contract duration:
The total construction period of the contract project is 180 days. Calculated from the commencement date, the commencement time when the project meets the commencement conditions and is approved by the owner and the contractor is the commencement time of the construction period. The specific time shall be subject to the commencement order issued by the employer or the supervisor.
（6） Payment method
The payment shall be made according to the project progress according to the contract, and the payment methods are bank acceptance, other financial products and electricity
（7） Completion acceptance
After 240 hours of overall grid connected trial operation of the photovoltaic power station, it shall be deemed to meet the completion acceptance conditions. If the power station cannot be connected to the grid for power generation on time due to reasons other than the contractor, the project shall also be deemed to meet the completion acceptance conditions after the contractor completes the project contents contained in the construction drawings.
（8） Dispute Adjudication
Any dispute between the employer and the contractor in the performance of the contract may be settled through friendly negotiation or submitted to the dispute review team for review. If the parties to the contract fail to resolve the dispute through friendly negotiation, are unwilling to submit to the dispute review team or do not accept the opinions of the dispute review team, they may bring a lawsuit to the people's court with jurisdiction in the place where the project is located.
5、 Impact on the company
In recent years, several photovoltaic power generation projects invested and built by the company have operated stably. The signing of the contract will help the company further promote the expansion of the company's photovoltaic business. The signing of the intended contract has no impact on the company's current profits. The signing of the formal contract in the future is expected to increase the company's operating performance and provide the company with rich project practical experience.
6、 Risk tips
This contract is an intended general contract, and both parties of the project have preliminarily reached an implementation direction for the project. The employer and the contractor have not signed a formal contract for the project, and there is still some uncertainty whether they can finally sign a formal contract. The final transaction amount, terms and other specific contents of the contract shall be subject to the final signed contract. Investors are kindly requested to make prudent decisions and pay attention to investment risks.
7、 Documents for future reference
(i) EPC intent general contract for Qingyuan qingnongqingxin 105mW photovoltaic plant and 110kV booster station project.
It is hereby announced.
Yonker Environmental Protection Co.Ltd(300187) board of directors
December 24, 2021
