Announcement on the progress of foreign investment of subsidiaries
Release time:
2020-08-05
Securities Code: 600668 Securities Abbreviation: Jianfeng Group No.: Pro 2018-003
Bond Abbreviation: 13 Peak 01 Bond Code: 122227
Bond Abbreviation: 13 Peak 02 Bond Code: 122344
Zhejiang Jianfeng Group Co., Ltd.
Announcement on the Progress of Subsidiary's Foreign Investment
The board of directors and all directors of the company guarantee that the content of this announcement does not contain any False records, misleading statements or major omissions, and bear individual and joint responsibility for the authenticity, accuracy and completeness of its contents .
Basic Information on 1. Foreign Investment
On February 28, 2017, Zhejiang Jianfeng Pharmaceutical Co., Ltd. (hereinafter referred to as "Jianfeng Pharmaceutical"), a subsidiary of the Company, and Guilin Shangyuan Plant Products Co., Ltd., Beijing Huibaoyuan Enterprise Management Co., Ltd., Beijing Huibaoyuan Biotechnology Co., Ltd. (hereinafter referred to: beihui Bio) signed the "Agreement on Capital Increase and Equity Transfer of Beijing Huibaoyuan Biotechnology Co., Ltd." (hereinafter referred to as the "Master Agreement") and the "Performance Commitment Compensation Agreement", which agreed to meet the prerequisites of each period of investment Next, Jianfeng Pharmaceutical plans to invest in Beihui Bio in four phases by way of capital increase and equity transfer.
For details, please refer to the announcement -Pro 2017-003 "Announcement on Foreign Investment of Subsidiaries" published by the company in the designated information disclosure media "shanghai securities news", "china securities journal" and the website of Shanghai Stock Exchange (www.sse.com.cn ) on March 1, 2017.
Progress of Foreign Investment in 2.
(I) April 2017, Jianfeng Pharmaceutical has completed the first phase of investment in 80 million yuan, and the registered capital of Beihui Biology has increased from 80 million yuan to 100 million yuan, of which: Jianfeng Pharmaceutical accounts for 20% of the shares.
(II) The Master Agreement stipulates that the equity transfer part (7 million shares) in the second phase of investment shall be completed by March 31, 2018. In view of the fact that the 2017 audit of Beihui Biology is still in progress, the 2017 operating performance has not yet been determined. On March 29, 2018, the parties concerned held a teleconference and formed the minutes of the meeting, agreeing to convene the board of directors of Beijing Huibaoyuan Biotechnology Co., Ltd. and negotiate the equity transfer separately after the audit is completed and the actual business performance is determined.
3. Reference Document
Conference Call Minutes.
It is hereby announced that
Board of Directors of Zhejiang Jianfeng Group Co., Ltd.
March 30, 2008
More information
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General Manager Yu Jianhong to Yunnan Peak to Guide Work
On August 23, Yu Jianhong, general manager of the group company, went to Yunnan Jianfeng cement company for investigation and guidance, and put forward requirements for the key work in the last few months of this year. At the peak of Yunnan Province, Yu Jianhong went deep into the production site to learn more about the current production and operation situation, and convened the middle-level and above management backbones to have in-depth exchanges and discussions with everyone on the problems existing in work efficiency changes, personnel stability, current production and management after the implementation of post optimization and re-organization. Since the beginning of this year, Yunnan's peak production and sales volume, profits and various technological and technical indicators have been relatively ideal. The kiln output in April has also reached the best level since it was put into production. The development and maintenance of the market, the environmental management of the factory area, and the professional quality and mental state of cadres and workers have also been greatly improved. While fully affirming the above achievements, Yu Jianhong pointed out that as the homogenization of the cement market becomes more and more serious, the market changes faster and faster. If we can't recognize the situation and seize the opportunity, enterprises will face more and more problems. In this case, the management backbone should give full play to the role of the backbone, quickly change the management concept, and strive to improve the competitiveness of enterprises. In view of the focus of work in the last four months of this year, Yu Jianhong put forward the following requirements for Yunnan Jianfeng: break the inherent concept of post functions and responsibilities, set up posts and organizational structures around logistics, people flow and capital flow, and cultivate and forge a team that can fight well. To further implement the training of job skills and quality, managers should take the lead in strengthening their own learning and formulate annual, monthly and weekly training plans, through the combination of internal and external training, theory and practice.
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