| Latest announcement date of asset transaction: January 12, 2007 |
|---|
| Asset Seller | Hunan Huitong Industrial Development Co., Ltd |
| Asset buyer | Changsha South Vocational College |
| Transaction subject | Assets used for teaching, such as land use rights, buildings, projects under construction and equipment, totaled 111.95 million yuan |
| Transaction amount (10000 yuan) | |
| Currency name | RMB yuan |
| Base date of assets appraisal | |
| Transaction Profile | In order to facilitate management, Hunan Huitong Industrial Development Co., Ltd. is approved by all shareholders of Hunan Huitong Industrial Development Co., Ltd. to transfer 111.95 million yuan of land use rights, buildings, projects under construction and equipment and other assets for teaching into Changsha South Vocational College to strengthen the school running assets of the college. |
| Programme progress | Agreement on transfer intention |
| Transaction Date | |
| Changes in transaction history | |
| Date of first announcement | 2007-01-12 |
| Latest announcement date | 2007-01-12 |
| Information Discloser | Xinjiang Huitong (Group) Co., Ltd |
| Impact of the transaction on the information disclosing party | At present, Changsha South Vocational College has more than 12000 students, providing stable income for the company. With the continuous expansion of Changsha South Vocational College, timely integration of existing educational resources will lay a good foundation for the development of the company in the field of education. |
| Relationship between asset seller and information disclosure party | Holding and participating companies of the company |
| Relationship between asset buyer and information disclosing party | Other related parties of the company |
| Related transaction or not | no |
|
| Latest announcement date of asset transaction: January 10, 2006 |
|---|
| Asset Seller | Xinjiang Huitong (Group) Co., Ltd |
| Asset buyer | Xinjiang Changyuan Water Resources and Hydropower Industry Group Co., Ltd |
| Transaction subject | Land property right of high-voltage switch factory |
| Transaction amount (10000 yuan) | one hundred and twenty-eight |
| Currency name | RMB yuan |
| Base date of assets appraisal | 2005-10-31 |
| Transaction Profile | The company signed the Asset Purchase Agreement with Xinjiang Changyuan Water Resources and Hydropower Industry Group Co., Ltd. on December 30, 2005, transferring the land property rights of the company's high-voltage switch plant to Xinjiang Changyuan Water Resources and Hydropower Industry Group Co., Ltd. at a price of 1.28 million yuan |
| Programme progress | Plan of the Board of Directors |
| Transaction Date | 2005-12-30 |
| Changes in transaction history | |
| Date of first announcement | 2005-09-27 |
| Latest announcement date | 2006-01-10 |
| Information Discloser | Xinjiang Huitong (Group) Co., Ltd |
| Impact of the transaction on the information disclosing party | This asset sale is conducive to accelerating the company's industrial strategic restructuring and capital recovery, alleviating the company's current operating difficulties, improving the company's financial situation, reducing operating pressure and risks, and ensuring the company's business development capital demand and sustainable development. This transaction is expected to obtain 21 million yuan of equity transfer income, which will have a positive impact on the company's annual performance. |
| Relationship between asset seller and information disclosure party | The company itself |
| Relationship between asset buyer and information disclosing party | No association |
| Related transaction or not | no |
|
| Latest announcement date of asset transaction: January 10, 2006 |
|---|
| Asset Seller | Xinjiang Huitong (Group) Co., Ltd |
| Asset buyer | Xinjiang Changyuan Water Resources and Hydropower Industry Group Co., Ltd |
| Transaction subject | Xinjiang Huitong Building |
| Transaction amount (10000 yuan) | three thousand four hundred and ninety-four |
| Currency name | RMB yuan |
| Base date of assets appraisal | 2005-10-31 |
| Transaction Profile | The company signed the Asset Purchase Agreement with Xinjiang Changyuan Water Resources and Hydropower Industry Group Co., Ltd. on December 30, 2005, transferring the Xinjiang Huitong Building of the company to Xinjiang Changyuan Water Resources and Hydropower Industry Group Co., Ltd. at a price of 34.94 million yuan |
| Programme progress | Plan of the Board of Directors |
| Transaction Date | 2005-12-30 |
| Changes in transaction history | |
| Date of first announcement | 2005-09-27 |
| Latest announcement date | 2006-01-10 |
| Information Discloser | Xinjiang Huitong (Group) Co., Ltd |
| Impact of the transaction on the information disclosing party | This asset sale is conducive to accelerating the company's industrial strategic restructuring and capital recovery, alleviating the company's current operating difficulties, improving the company's financial situation, reducing operating pressure and risks, and ensuring the company's business development capital demand and sustainable development. This transaction is expected to obtain 21 million yuan of equity transfer income, which will have a positive impact on the company's annual performance. |
| Relationship between asset seller and information disclosure party | The company itself |
| Relationship between asset buyer and information disclosing party | No association |
| Related transaction or not | no |
|
