Securities code: 300551 securities abbreviation: Shanghai Guao Electronic Technology Co.Ltd(300551) Announcement No.: 2022-006 Shanghai Guao Electronic Technology Co.Ltd(300551)
Announcement on signing the contract termination agreement with Zhongzhou Futures Co., Ltd
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.
1、 Basic information of contract signing
Shanghai Guao Electronic Technology Co.Ltd(300551) (hereinafter referred to as “company”) signed the software licensing and information service contract with Zhongzhou Futures Limited (hereinafter referred to as “Zhongzhou futures”) in July 31, 2020. In order to comply with the background of “Internet plus” and Internet finance, the company helped Zhongzhou futures to carry out the transformation and innovation of traditional futures business and services, and create Internet Futures Company. For details, please refer to the company’s disclosure on cninfo (www.cn. Info. Com. CN.) on August 1, 2020 Announcement on signing major contracts (Announcement No. 2020-096). Recently, through friendly negotiation, both parties signed the contract termination agreement (hereinafter referred to as “this Agreement” or “termination agreement”) on the software license and information service contract. 2、 Reasons for termination
The company actively contacted and communicated with relevant parties of Zhongzhou futures and made efforts to promote relevant cooperation matters. However, due to various factors, the promotion of the above cooperation matters between the company and Zhongzhou futures has been delayed, and there has been no breakthrough. In the follow-up, the company signed the contract termination agreement with Zhongzhou futures in combination with the actual situation of development strategy and operation, This Agreement shall come into force as of the date when it is signed and sealed by both parties.
3、 Main contents of termination agreement
1. Both parties agree that after this Agreement comes into force, the creditor’s right and debt relationship between both parties is clean, and there is no other creditor’s right and debt relationship. Party A will no longer perform the payment obligation of the contract, and the original contract will not be executed thereafter.
2. The intellectual property protection and confidentiality provisions agreed in the original contract shall continue to be valid, and both parties shall still strictly abide by them.
4、 Impact of termination on the company
Since the software license and information service contract came into force, the accumulated profit has been 1500000 yuan. At present, all businesses of the company operate normally. The termination of the agreement will not have a significant impact on the normal production and operation of the company, nor will it affect the established strategy of the company, nor will it damage the rights and interests of the company and shareholders, especially minority shareholders. 5、 Documents for future reference
Contract termination agreement
It is hereby announced.
Shanghai Guao Electronic Technology Co.Ltd(300551) board of directors
January 19, 2022
