Securities code: Shanghai Pudong Construction Co.Ltd(600284) securities abbreviation: Shanghai Pudong Construction Co.Ltd(600284) Announcement No.: pro 2022025 Shanghai Pudong Construction Co.Ltd(600284)
Announcement on signing strategic cooperation framework agreement by 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.
Important content tips:
The strategic cooperation framework agreement signed this time is only the preliminary intention of both parties to reach strategic cooperation. There are uncertainties in the project implementation content and specific amount involved in the agreement. The strategic cooperation framework agreement signed this time is only the preliminary intention of strategic cooperation reached by the Management Committee of Wuxi Huishan Economic and Technological Development Zone (hereinafter referred to as the “Management Committee of Huishan Economic and Technological Development Zone”) and Shanghai Pudong Road and Bridge (Group) Co., Ltd. (hereinafter referred to as “Pudong Road and bridge”) through friendly negotiation, and shall not be used as the basis for both parties to investigate their legal responsibilities. Therefore, the project implementation content and specific amount involved in the agreement are uncertain. Both parties shall sign specific business contracts separately according to the implementation of government planning, project approval, bidding and other conditions, and clarify the content, specific amount, respective rights and obligations of relevant cooperation matters.
The signing of this agreement will not have a significant impact on the company’s financial status and operation at present. The signing of the agreement does not affect the business independence of the company, and the impact on the future operating performance needs to be determined according to the promotion and implementation of subsequent specific businesses.
There is a risk of uncertain decision-making and approval results for the projects involved in this agreement before the implementation of specific business. Before the formal implementation of specific business, the company will also perform corresponding decision-making and approval procedures and fulfill the obligation of information disclosure in accordance with the articles of association and relevant laws, regulations and normative documents. Please pay attention to investment risks.
1、 Basic information of framework agreement signing
In order to give play to the boosting effect of project investment on the main business and further consolidate and explore the market, Pudong Road and bridge, a subsidiary of the company, signed the strategic cooperation framework agreement with the Management Committee of Huishan Economic Development Zone to establish a long-term win-win strategic cooperation relationship on the regional development, infrastructure and municipal public utilities of Chang’an Innovation future city.
(I) basic information of the counterparty
Counterparty: Wuxi Huishan Economic and Technological Development Zone Management Committee
Nature: government agency
Relationship with listed companies: the Management Committee of Huishan Economic Development Zone has no relationship with the company.
(II) introduction to Wuxi Huishan Economic and Technological Development Zone:
Wuxi Huishan Economic and Technological Development Zone is a national economic and Technological Development Zone. Chang’an Innovation future city in the region will build a city of scientific and technological innovation, an open and shared City, a diversified and compound city and a three-dimensional demonstration city around the future community, ecological technology island and future industrial park.
(III) signing of the agreement
On May 4, 2022, the Management Committee of Huishan Economic Development Zone and Pudong Road and Bridge signed the strategic cooperation framework agreement. (IV) review and decision-making procedures that have been performed after signing the agreement
This agreement is a framework document for strategic cooperation reached by both parties through friendly negotiation and does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation. Subsequent signing of specific business contracts will follow the corresponding deliberation and decision-making procedures. (V) the approval or filing procedures that have been performed in signing the agreement
This Agreement does not need to be approved or filed with relevant departments.
2、 Main contents of the framework agreement
(I) cooperation background
The Management Committee of Huishan Economic Development Zone and Pudong Road and bridge will establish a long-term and win-win strategic cooperation relationship on the regional development, infrastructure and municipal public projects of Chang’an Innovation future city on the premise of complying with laws, regulations and rules based on the principle of “long-term vision, common development, mutual support and mutual benefit and win-win”.
(II) main modes of cooperation
Combined with the needs of economic and social development and industrial development of Chang’an Innovation future city, the Management Committee of Huishan Economic Development Zone supports Pudong Road and bridge to participate in the investment, construction and operation management of regional development, infrastructure and municipal public projects. Pudong Road and bridge will cooperate with the Management Committee of Huishan Economic Development Zone through industrial fund, franchise, “investor + EPC” and other modes.
(III) cooperation fields and estimated amount
According to the planning arrangement, the Management Committee of Huishan Economic Development Zone supports Pudong Road and bridge to provide a series of comprehensive services, including design, engineering contracting, urban renewal, comprehensive development, maintenance and investment and financing arrangements, according to the market-oriented operation mode, focusing on the infrastructure and municipal public projects of Chang’an innovation future city and the stock municipal facilities of Huishan new town and industrial transformation cluster. The investment amount of relevant projects is expected to be no less than 6 billion yuan. The specific amount will be implemented step by step according to the planning and project approval, subject to the specific project implementation agreement.
According to the actual needs of the project, both parties actively apply to their respective competent departments for approval of various procedures, and obtain the project implementation license and other documents according to law.
(IV) rights and obligations of both parties
This agreement is a framework document for cooperation between both parties. Specific business contracts shall be signed for specific businesses involved in the agreement to clarify the specific contents of relevant cooperation matters and their respective rights and obligations. In case of any inconsistency between the agreement and the specific business contract, the specific business contract shall prevail; Matters not agreed in the specific business contract shall apply to this agreement.
For matters not covered in this agreement, both parties can negotiate and sign a supplementary agreement.
(V) term and effective conditions of the agreement
This Agreement shall come into force from the date when the legal representatives or authorized agents of both parties sign and affix their official seals. It shall be valid for two years. Both parties can negotiate to renew it within three months before the expiration of the agreement.
(VI) liability for breach of contract
This agreement is a guiding opinion for the cooperation between both parties and shall not be used as a basis for both parties to investigate their legal responsibilities. Any dispute arising from or in connection with this Agreement shall be settled by both parties through friendly negotiation.
3、 Impact on Listed Companies
This agreement is the confirmation of strategic cooperation intention and does not involve the implementation of specific business. At present, the signing of the agreement will not have a significant impact on the company’s financial status and operation. The signing of the agreement will not affect the company’s business independence. The impact on the future operating performance needs to be determined according to the promotion and implementation of subsequent specific businesses.
4、 Major risk tips
(I) the strategic cooperation framework agreement signed this time is only the preliminary intention of both parties to reach strategic cooperation. There are uncertainties in the project implementation content and specific amount involved in the agreement
The strategic cooperation framework agreement signed this time is only the preliminary intention of strategic cooperation reached by the Management Committee of Huishan Economic Development Zone and Pudong Road and bridge through friendly negotiation, and does not serve as the basis for both parties to investigate their legal responsibilities. Therefore, the project implementation content and specific amount involved in the agreement are uncertain. Both parties shall sign specific business contracts separately according to the implementation of government planning, project approval, bidding and other conditions, and clarify the content, specific amount, respective rights and obligations of relevant cooperation matters.
(II) the project involved in this agreement has the risk of uncertain decision-making and approval results before the implementation of specific business
Before the formal implementation of specific business, the company will also perform corresponding decision-making and approval procedures and fulfill the obligation of information disclosure in accordance with the articles of association and relevant laws, regulations and normative documents. Please pay attention to investment risks.
It is hereby announced.
Shanghai Pudong Construction Co.Ltd(600284) board of directors
May 5, 2002
