| Announcement date of related party transactions: November 22, 2013 |
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| Company A | Beijing Yuntong |
| Company B | Beijing Jingyun Tongda Investment Co., Ltd |
| Pricing Basis | Based on the average stock price of 20 trading days prior to November 5, 2013, both parties jointly confirmed that Party B offset the equivalent amount payable under the Ruling ([2012] China Trade Zhong Hu Xie Zi No. 527), namely 62.96 million yuan, with the price of the underlying stock held by Party B as 62.96 million yuan; If the actual selling price is higher than the fixed price, the final price shall be subject to the actual selling price. |
| Transaction Profile | Overview of related transactions
Beijing Jingyuntong Technology Co., Ltd. (hereinafter referred to as "the Company" or "Party A") intends to sign the Repayment and Guarantee Agreement with Jiangxi LDK Solar Energy Technology Co., Ltd. (hereinafter referred to as "Party B") and Beijing Jingyuntongda Investment Co., Ltd. (hereinafter referred to as "Party C"). After friendly negotiation, both parties reached an agreement on the specific operation of offsetting part of the payables under the Ruling ([2012] China Trade Zhong Hu Xie Zi No. 527) by Party B's holding 8 million A shares of restricted tradable shares (hereinafter referred to as the "underlying stock"): calculated based on the average stock price of 20 trading days before November 5, 2013, both parties jointly confirmed that, Party B shall offset the equivalent amount payable under the Ruling ([2012] China Trade Zhong Hu Lai Zi No. 527) by the price of 62.96 million yuan of the underlying stock held by Party B, that is, 62.96 million yuan; If the actual selling price is higher than the price, the final price shall be subject to the actual selling price. Party C promises to provide Party A with joint liability guarantee for Party B's payment obligations, and the amount of principal creditor's rights guaranteed is 62.96 million yuan; If the value of the underlying stock on September 8, 2014 (hereinafter referred to as "the current value") is lower than the above amount, the amount of the principal creditor's rights guaranteed shall be reduced to the current value accordingly, and the current value shall be determined according to the closing price of the underlying stock on September 7, 2014 (if the trading of the underlying stock is suspended on September 7, 2014, the closing price of the previous trading day) and the calculation of all fruits, which shall be accepted by Party B.
Purpose of related party transactions and their impact on listed companies
The purpose of the related party transaction is to fully safeguard the interests of the listed company and ensure the smooth realization of the interests of the listed company. The selection of transactions with related parties is conducive to future specific operations and reduce operational risks. The connected transaction is the guarantee provided by the controlling shareholder Beijing Jingyun Tongda Investment Co., Ltd. to the company, which is beneficial to protecting the interests of the listed company. It is reasonable and does not harm the interests of the listed company and minority shareholders. The related party transaction is incidental and does not affect the independence of the listed company; The main income and profit sources of the Company do not rely on such related transactions; This related party transaction will have a favorable impact on the profit and loss of the listed company in 2014. |
| Transaction category | license agreement |
| Transaction amount | zero |
| Currency code | RMB |
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| Announcement date of related party transactions: 2011-11-08 |
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| Company A | Beijing Yuntong |
| Company B | Li Zhixin |
| Pricing Basis | The price of this related party transaction refers to the appraisal value determined in the Real Estate Appraisal Report (ZTHGBZ (2011) No. 2003) issued by Beijing Zhongtonghua Real Estate and Land Appraisal Co., Ltd. on November 2, 2011, and is determined by both parties through consultation. |
| Transaction Profile | Overview of related transactions
Beijing Jingyuntong Technology Co., Ltd. (hereinafter referred to as "the Company") and Li Zhixin, Deputy General Manager of the Company
Mr. (Li Zhixin) signed the Property Transfer Agreement in Beijing on November 7, 2011, transferring his property located at 603, Unit 2, Floor 5, Building 5, Yard 1, Huangchang Nanli, Chaoyang District, Beijing to Mr. Li Zhixin at a transfer price of 2.5606 million yuan.
Purpose of related party transactions and their impact on the company
This related party transaction is to dispose the company's non operating assets and realize asset realization. Whereas the property transferred this time is purchased by the company for the purpose of introducing overseas senior talents, it has been provided to Li Zhixin since the purchase
(Li Zhixin) Mr. Mr. Li Zhixin said that he was willing to accept the property at the fair market price, so the company decided to directly transfer the above property to him. |
| Transaction category | Purchase or sale of assets other than commodities |
| Transaction amount | 2560600 yuan |
| Currency code | RMB |
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