| Latest announcement date of asset replacement: March 4, 2006 |
|---|
| Replace Party A | Guangxia (Yinchuan) Industrial Co., Ltd |
| Replacement consideration of Party A (10000 yuan) | two hundred |
| The benchmark date of replacing Party A's assets | |
| Replacement of Party A's assets | RMB 2 million creditor's rights |
| Replace Party B | Hong Kong Zhongchang International Investment Co., Ltd |
| Consideration for replacement of Party B (10000 yuan) | two hundred |
| The benchmark date of replacing Party B's assets | |
| Replacement of Party B's assets | 25% equity of Beidaihe Guangxia Marine Products Co., Ltd |
| Transaction Profile | On April 21, 2005, the Company obtained 25% of the equity of "Beidaihe Guangxia Marine Properties Co., Ltd." held by Hong Kong Zhongchang International Investment Co., Ltd. through debt compensation. The counterparty has no association with the Company. The property rights of the assets involved in this transaction have all been transferred, and the creditor's rights and debts involved have all been transferred. |
| Transaction Date | 2005-04-21 |
| Transaction amount (10000 yuan) | two hundred |
| Currency name | RMB yuan |
| Programme progress | implementation |
| Latest announcement date | 2006-03-04 |
| Date of first announcement | 2006-03-04 |
| Changes in transaction history | |
| Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
| Impact of the transaction on the information disclosing party | |
| Replace the relationship between Party A and the information disclosure party | The company itself |
| Replace the relationship between Party B and the information disclosure party | No association |
| Related transaction or not | no |
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