On the implementation of "relocation compensation and resettlement agreement," the announcement

Updated date:2016/5/18 下午 05:41:58

Stock Code: 002 105 securities referred to: Nobutaka Industry Announcement Number: 2016-025

HL CORP(SHENZHEN) , Ltd.

On the implementation of "relocation compensation and resettlement agreement," the announcement of progress.

The Company and all members of the Board of Directors to ensure the information disclosed is true, accurate and complete, not false, misleading statements or material omissions.

HL CORP(SHENZHEN) , Ltd. (referred to as: the Company) to tie Longhua New Area Government, "a nine axis area," the planning and development of urban renewal, "Longhua Business Center" development and construction, the company December 19, 2013 held fourth Board of the third meeting of the Board of Supervisors and the third meeting of the fourth, respectively, passed the "HL CORP(SHENZHEN) , Ltd. on major asset transactions," the motion and "About the company and Shenzhen Zhongzhou Group Co., Ltd. signed attachment conditions in force <Longhua business center renovation project relocation compensation and resettlement agreement> "the motion, the company in 2014 and held the first provisional shareholders meeting on January 7, 2014, considered and adopted the" on the company and Shenzhen Zhongzhou Group Co. "Proposal (relevant" resolutions were "Notice number signed conditional effect of <Longhua business center renovation project relocation compensation and resettlement agreement>: 2014-002 on January 8, 2014, published in the designated media for information disclosure www.cninfo.com.cn on http://www.cninfo.com.cn). By the above shareholders' meeting authorized by the chairman on behalf of the company and the government introduced Nakasu Group signed a conditional effect of "Longhua business center renovation project relocation compensation and resettlement agreement" (hereinafter: the relocation compensation and resettlement agreement, the agreement), related "About the relocation compensation and resettlement agreement signed notice" (bulletin No.: 2013-050) was published in the designated disclosure media giant tidal network http://www.cninfo.com 2013 Nian 12 23rd. cn.

   

The company will now perform "relocation compensation and resettlement agreement," the latest developments announced as follows:

1, the company in accordance with the convention was released March 31, 2016 will be the relocation of housing - the company Longhua plant vacated, and in April 25, 2016 the official post Fu Zhongzhou Group disposed of, the two sides signed the remit "Nobutaka industrial area Housing handover confirmation ";

2, Nakasu Group agreed to compensate the company's relocation allowance in accordance with the agreement, the temporary closure of discontinued subsidy and the first phase of relocation, etc. totaling RMB 20,585,350.40 yuan was paid to the company May 13, 2016.

4, in accordance with the relevant provisions of Accounting Standards, the sum will serve as operating income, included in the company 2016 annual profit and loss.

5, due to the company in advance to develop a more complete and pragmatic Longhua plant relocation plan, the factory relocation plan be implemented to perform, this time in the actual relocation process Longhua factory Songgang move to plant in order to minimize the impact on the company's normal production and operation the company gradually in batches using sub-sector relocation, transferred production equipment, personnel, business, the company is also appropriate relocation process batches carve sector gradually returning to normal operation, this move is not closed Longhua plant shut down, and through the relocation the process of the company's original resource again combed integration, operation efficiency of the company has been further improved, the company's normal production and operation did not result in a greater negative impact.

The Board of Directors will continue to closely follow the implementation of "relocation compensation and resettlement agreement" progress, according to the "Shenzhen Stock Exchange Listing Rules", "Information Disclosure of Listed Companies" and other relevant regulations, the implementation of "relocation compensation and resettlement agreement "significant progress in the timely implementation of continuous disclosure obligations.

Documents Available for Inspection:

1, "Nobutaka Industrial Area Housing handover confirmation"

2, "the Agricultural Bank of China account transaction details back to a single"

Special announcement.

      HL CORP(SHENZHEN) , Ltd. Board of Directors

                                          May 18, 2016



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Shenzhen HL Corp are subject to the final approval of the government departments and formal legal documents, HL Corp has the final interpretation, please note。