Securities code: 002431 securities abbreviation: Palm Eco-Town Development Co.Ltd(002431) Announcement No.: 2022-003 Palm Eco-Town Development Co.Ltd(002431)
Announcement on receipt of notification of award
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.
Palm Eco-Town Development Co.Ltd(002431) (hereinafter referred to as “the company”) recently received the letter of acceptance of “PPP project for comprehensive upgrading of urban municipal facilities in Qibin District, Hebi City”. The relevant bid winning contents are as follows:
1、 Main contents of the bid winning project
1. Project overview
(1) Project Name: PPP project for comprehensive improvement of urban municipal facilities in Qibin District, Hebi City
(2) Project location: the project is located in Qibin District, Hebi City
(3) Project construction scope and scale:
The project involves the comprehensive upgrading and reconstruction of municipal facilities of 21 roads in Qibin District, Hebi City, including Huaxia South Road, Hengshan Road, Songshan Road, Huangshan Road, Huashan Road, Liujiang Road, Taishan Road, Huaihe Road, Jiujiang Road, Qibin Avenue, Lijiang Road, Xinghe street, news lane, erzhiqu Street, Dalai lane, Qishui Avenue, Lushan Road, tianlaiqu street The construction contents of two roads (Xiangjiang Road, Tianshan Road) and Taihang Road (Huaihe Road Haihe Road) in the business center include road engineering, traffic engineering, bridge engineering, drainage engineering, lighting engineering, power engineering, communication engineering and greening engineering, urban furniture, etc. (the specific contents shall be subject to the actual design). (4) Project cooperation period: the cooperation period of the project is 15 years, including 2 years of construction period and 13 years of operation period (if the time of construction period is adjusted, the cooperation period is also adjusted accordingly, and the operation period remains unchanged).
(5) Investment estimation: the total investment estimated by PPP of the project is 568454500 yuan.
(6) Main transaction conditions: the reasonable profit margin is 6.49%, the annual discount rate is 6.10%, and the preferential proportion of construction and installation engineering cost is 3.02%.
(7) Operation mode: the project adopts BOT mode (construction, operation and handover).
(8) Return mechanism: the project is a non operating project, and the return mechanism is paid by the government.
(9) Bidding method: public bidding
(10) Tenderee: municipal construction and development center of Qibin District, Hebi City
(11) Bid winner: Palm Eco-Town Development Co.Ltd(002431) (Consortium leader), Henan yuzipuhe Industrial Development Co., Ltd. (consortium member), Henan Qixing urban investment construction and Development Co., Ltd. (consortium member)
2、 Introduction to other members of the Consortium
1. Henan yuzipuhe Industrial Development Co., Ltd
Enterprise name: Henan yuzipuhe Industrial Development Co., Ltd
Unified social credit Code: 91410000ma3xc90027
Type: other limited liability companies
Legal representative: Wang gengchao
Registered capital: 500 million yuan
Date of establishment: July 29, 2016
Address: 4th floor, Zone C, Zhengzhou animation base, No. 292, Wenhua North Road, Huiji District, Zhengzhou City, Henan Province
Business scope: urban and rural infrastructure development; Construction and development of public service facilities; Agricultural development; Land consolidation; Enterprise management consulting; Economic and trade information consultation.
Ownership structure: Henan Yuzi Puchuang Equity Investment Fund Management Co., Ltd. holds 70%; Henan Yuzi urban rural integration construction and Development Co., Ltd. holds 30%.
Affiliated relationship: Yuzi Puhe is an enterprise controlled by Zhongyuan Yuzi Investment Holding Group Co., Ltd., an affiliated party of the company, and Mr. Wang gengchao, a director of the company, serves as the legal representative, chairman and general manager of the company; Mr. Li Xu, the director of the company, holds the position of director of the company. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, yuzipuhe is a related party of the company, and the company forms a related relationship with yuzipuhe.
2. Henan Qixing urban investment construction and Development Co., Ltd
Enterprise name: Henan Qixing urban investment construction and Development Co., Ltd
Unified social credit Code: 9141061ma9fbrr37h
Type: limited liability company (solely state-owned)
Legal representative: Han Yan
Registered capital: 300 million yuan
Date of establishment: June 29, 2020
Address: 7th floor, Longmen building, intersection of Qishui Avenue and Zhujiang Road, Changjiang Road Street, Qibin District, Hebi City, Henan Province
Business scope: general items: engaging in investment activities with its own funds; Road freight transportation by ordinary freight vehicles with a total mass of 4.5 tons or less (except network freight and dangerous goods); Asset management services invested by self owned funds; Licensed projects: real estate development and operation; Municipal solid waste business services.
Ownership structure: the state owned assets service center of Qibin District, Hebi City holds 100%.
The company has no relationship with Henan Qixing urban investment construction and Development Co., Ltd.
3、 Counterparty profile
The tenderee of the winning project is “municipal construction and development center of Qibin District, Hebi City” (formerly Municipal Management Office of Qibin District, Hebi City), which is mainly responsible for the construction and maintenance of municipal public facilities in the urban area; The investigation and maintenance of urban roads, sidewalks, curb stones, manhole covers, road namesectors, rain and sewage pipe networks and other municipal facilities, as well as the construction, maintenance and management of urban road street lamps, landscape lamps, squares and other relevant lighting facilities, are government institutions with good credit and payment capacity, and do not belong to dishonest Executees.
There is no relationship between the company and Qibin district municipal construction and development center of Hebi City. In addition to the winning project, the company has won the bid for the “general contracting (EPC) project for design, procurement and construction of sports park and Qixing national fitness Plaza comprehensive project” in September 2020 in the last three years. The tenderee is also Qibin district municipal construction and development center of Hebi City.
4、 Impact of winning the bid on the company’s performance
The estimated total PPP investment of the project is 568454500 yuan, accounting for 11.79% of the company’s audited operating revenue in 2020. After the formal contract is signed and implemented smoothly, it is expected to have a positive impact on the company’s future operating performance.
The performance of the winning project will not affect the business independence of the company, and the company will not rely on the tenderee for the performance of the project.
5、 Risk tips
1. At present, the bid winning project has not signed a specific contract, and the contract terms are still uncertain.
2. The bid winning project is won by the consortium, and the contract amount involved by the company shall be subject to the specific implementation agreement signed by all parties in the future.
3. The project may face changes in policy environment and market environment during the cooperation period.
Please pay attention to investment risks.
It is hereby announced.
Palm Eco-Town Development Co.Ltd(002431) board of directors January 17, 2022
