The Company’s Board of Directors resolved Kenda Rubber (ShenZhen) Co., Ltd., to terminate partial of the Urban Renewal Project Agreement.
· Issued by Kenda Rubber Industrial Co., Ltd
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Today's Information
Provided by: KENDA RUBBER INDUSTRIAL CO., LTD
SEQ_NO
5
Date of announcement
2022/07/01
Time of announcement
07:07:50
Subject
The Company's Board of Directors resolved Kenda
Rubber (ShenZhen) Co., Ltd., to terminate partial of the
Urban Renewal Project Agreement.
Date of events
2022/06/30
To which item it meets
paragraph 10
Statement
1.Date of occurrence of the event:2022/06/30
2.Counterparty to the contract or commitment:Jiazhaoye
Urban Renewal Group (Shenzhen) Co., Ltd.
3.Relationship with the Company:Unrelated Party.
4.Starting and ending dates (or rescission date) of the
contract or commitment:2022/06/30 (rescission date)
5.Major content (not applicable where rescinded):N/A
6.Restrictive covenants (not applicable where rescinded):N/A
7.Commitment (not applicable where rescinded):N/A
8.Any other important agreement (not applicable where rescinded):N/A
9.Effect on company finances and business: No effect on the Company's
finances and business.
10.Concrete purpose/objective: In line with the renewal policy of future
urban development ShenZhen.
11.Any other matters that need to be specified: Jiazhaoye Urban Renewal
Group (Shenzhen) Co., Ltd. transfers all rights in "Kenda Rubber (Shenzhen)
Urban Renewal Project-Phase I" to Shenzhen Heju Real Estate Co., Ltd. The
transfer will not aggravate the responsibilities and obligations of Kenda
Rubber (Shenzhen) Co., Ltd. or prejudice its interests. Besides, the
transfer will ensure that Kenda Rubber (Shenzhen) Co., Ltd. does not suffer
losses or take risks as a result.
