The Company acted on behalf of Rih-Ding Water to request the construction cost adjustment for the third phase of Ding Sheng Green Energy.
· Issued by Radium Life Tech Co., Ltd.
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Today's Information
Provided by: RADIUM LIFE TECH. CO., LTD.
SEQ_NO
2
Date of announcement
2022/06/30
Time of announcement
18:35:59
Subject
The Company acted on behalf of Rih-Ding Water to
request the construction cost adjustment for the third
phase of Ding Sheng Green Energy.
Date of events
2022/06/30
To which item it meets
paragraph 20
Statement
1.Date of occurrence of the event:2022/06/30
2.Date of the original announcement and reporting:2021/07/23
3.Summary of the content originally announced and reported:
On July, 23, 2021, the Company acted on behalf of a major subsidiary
Rih-Ding Water Enterprise Co., Ltd. to contract the third phase of
the construction project to the Company's another subsidiary Ding
Sheng Green Energy.
4.Reason for change and its main content:
1.In order to execute the third phase of the Build-Operate-Transfer (BOT)
Project for Taoyuan City Taoyuan District Sewerage System, Rih-Ding Water
Enterprise Co., Ltd. (Rih-Ding Water) contracted and entered into an
agreement with Ding Sheng Green Energy Technology Co., Ltd. in July 2021.
2.The first Construction cost adjustment of project change totaled 12,621,000
(included tax)
5.Effect on the Company's finance and business after the change:
The construction costs adjustments will provide Ding Sheng Green Energy with
revenue and cash flow. Upon completion of the construction period, including
the sewerage system and treatment facilities, Rih-Ding Water shall be able to
collect the applicable construction and sewage treatment revenue providing it
with a stable revenue stream so it can achieve its initial investment and
financial objectives.
6.Any other matters that need to be specified:None.