Securities code: Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) securities abbreviation: Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) Announcement No.: 2022029 Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130)
With regard to the announcement of signing the cooperation framework agreement with the people’s Government of Hongshan District, Wuhan, the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. This agreement is a cooperation framework agreement, and the agreed matters are only intended documents for future business strategic cooperation between the two sides. There is still uncertainty whether the investment agreement can be finally signed and the project can be implemented.
2. The impact of the signing of this Agreement on the company’s future financial situation and operating performance depends on the promotion and implementation of specific projects, and does not have a significant impact on the company’s current operating performance. The company will perform the necessary examination and approval procedures and information disclosure obligations in strict accordance with the requirements of relevant laws and regulations according to the progress of relevant matters. Please invest rationally and pay attention to investment risks.
3. See “v. other relevant instructions” in this announcement for the details of the framework agreement or intentional agreement disclosed by the company in the last three years.
1、 Signing of framework agreement
Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) (hereinafter referred to as “the company”) and the people’s Government of Hongshan District, Wuhan reached an agreement through friendly consultation on the investment and construction of Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) new material industrial park in Qingling urban industrial park, Hongshan District under the principles of equality, voluntariness, honesty and mutual benefit, On May 21, 2022, the “framework agreement on cooperation between Hongshan District People’s Government of Wuhan and Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) was signed” (hereinafter referred to as the “framework agreement”).
The signing of the framework agreement does not need to be reviewed by the board of directors and the general meeting of shareholders. The company will perform corresponding decision-making procedures and information disclosure obligations according to specific cooperation matters and investment amount.
2、 Introduction to counterparty
The partner of the company this time is the people’s Government of Hongshan District, Wuhan, which has strong performance ability. The company has no affiliated relationship with the people’s Government of Hongshan District, Wuhan, and has not had similar transactions with it in recent three years.
3、 Main contents of the framework agreement
Party A: Wuhan Hongshan District People’s Government
Party B: Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130)
Party A and Party B have reached an agreement through friendly negotiation on Party B’s investment in the construction of Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) new material industrial park project in Qingling urban industrial park, Hongshan District, on the principles of equality, voluntariness, good faith and mutual benefit, and hereby enter into the following agreement:
(I) project overview
1. Project Name: Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) New Material Industrial Park
2. Project content: Party B plans to establish new material R & D center, intelligent manufacturing R & D center and new material production base, and plans to carry out the production and R & D of radiation modified new material electronic and power products, high-speed communication lines, automobile industrial lines and other products. The specific product production arrangement in the later stage shall be adjusted and determined by Party B according to the business needs of the company.
3. Project site selection: plot B of Qingling Industrial Park, Hongshan District, with a proposed land area of about 100 mu.
4. Investment scale: the proposed total investment shall not be less than 500 million yuan. The specific planning indicators of the project shall be subject to the final planning approval of the planning department.
(II) responsibilities and obligations of both parties
Under the condition that Party B obtains the land use right of the project according to law and regulations, Party A and Party B shall perform the responsibilities and obligations as follows:
1. Responsibilities and obligations of Party A
(1) Party A is responsible for assisting in handling various formalities required for the project and submitting for approval, so as to provide a loose investment environment for Party B or Party B’s project company.
(2) Coordinate and ensure the smooth flow of water, electricity and roads in the project construction, and assist in solving the difficulties and problems in the process of project construction.
(3) Actively coordinate the preliminary work of the project, promote the project construction, and provide high-quality services for investment projects. (4) When Party B meets the relevant conditions, Party A shall give Party B certain preferential policies such as economic contribution reward and talent related subsidies.
2. Responsibilities and obligations of Party B
(1) Party B shall register and establish a project company with independent legal personality in Hongshan District, carry out tax registration and project filing in Hongshan District, and carry out project construction in the name of the company, and the total period of operation and tax payment shall not be less than 10 years.
(2) Party B shall realize that the investment intensity of the project shall not be less than 5 million yuan / mu, the annual sales volume after the project is officially put into operation shall not be less than 5 million yuan, and the average paid in tax per mu of industry shall not be less than 500000 yuan.
(III) other instructions
This agreement is only used as a framework agreement and intention document for the cooperation between Party A and Party B. The specific investment agreement shall be signed by the Management Committee of Qingling Industrial Park and the project company after meeting the conditions for entering the park. The rights and obligations of both parties shall be subject to the specific project contract signed by Party A and the project company on the principle determined in this agreement. Both parties actively promote matters related to cooperation, and neither party will investigate the other party’s legal responsibility according to this agreement.
(IV) effectiveness of the contract
This Agreement shall come into force from the date of signature and seal by both parties and shall be valid for one year. After one year, a separate cooperation agreement can be signed depending on the progress of the project.
4、 Impact of the agreement on the company
1. The signing of this investment cooperation framework agreement aims to realize the complementary advantages and resource sharing of both parties, carry out close cooperation in the construction of new material industrial park and jointly promote industrial development planning by giving full play to their respective resources and advantages. This cooperation is conducive to further promote the optimization and upgrading of the company’s industrial structure and is in line with the company’s long-term development strategy.
2. The agreement signed this time is a framework agreement. During the implementation of specific projects, there may be unpredictable risks such as changes in market environment and industrial policy adjustment. The impact on the company’s future annual operating performance needs to be determined according to the promotion and implementation of specific projects, and does not have a significant impact on the company’s current operating performance.
3. The company has no relationship with the people’s Government of Hongshan District, Wuhan, and the signing of the framework agreement will not affect the independence of the company’s business.
5、 Other relevant instructions
(I) the company has disclosed the framework agreement or intention agreement in the last three years
On April 20, 2021, the company signed the framework agreement on industrial cooperation between Huizhou Huiyang District People’s government and Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) industrial cooperation with Huizhou Huiyang District People’s government. For details, see the announcement on signing the framework agreement on industrial cooperation with Huizhou Huiyang District People’s Government (Announcement No.: 2021039) disclosed by the company on April 21, 2021. As of the disclosure date of this announcement, the above agreements are still in the process of promotion.
(II) the shareholding of the company has not changed in more than 5 months before the signing of the supervision agreement. (III) as of the disclosure date of this announcement, the company has not received the share reduction plan of shareholders holding more than 5% and directors, supervisors and senior management in the next three months. If relevant personnel plan to implement the share reduction plan in the future, the company will timely perform the obligation of information disclosure in accordance with relevant regulations.
6、 Risk tips
1. This agreement is a cooperation framework agreement, and the agreed matters are only intended documents for future business strategic cooperation between the two sides. There is still uncertainty whether the investment agreement can be finally signed and the project can be implemented.
2. The impact of the signing of this Agreement on the company’s future financial situation and operating performance depends on the promotion and implementation of specific projects, and does not have a significant impact on the company’s current operating performance. The company will perform the necessary examination and approval procedures and information disclosure obligations in strict accordance with the requirements of relevant laws and regulations according to the progress of relevant matters. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Shenzhen Woer Heat-Shrinkable Material Co.Ltd(002130) board of directors may 23, 2022
