Yulon Motor Co. Ltd.

07/28/2022 | Press release | Distributed by Public on 07/28/2022 03:42

Announce on behalf of subsidiary Hangzhou Yujie Real Estate Co., Ltd. for the termination of the asset sale contract for saling of real estate to the related party.

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Provided by: YULON MOTOR CO.,LTD
SEQ_NO 1 Date of announcement 2022/07/28 Time of announcement 17:33:51
Subject 
 Announce on behalf of subsidiary Hangzhou Yujie Real
Estate Co., Ltd. for the termination of the asset sale
contract for saling of real estate to the related party.
Date of events 2022/07/28 To which item it meets paragraph 20
Statement 
1.Date of occurrence of the event:2022/07/28
2.Date of the original announcement and reporting:2021/12/16
3.Summary of the content originally announced and reported:
The subsidiary, Hangzhou Yujie Real Estate Co., Ltd. sold the 5th and 6th
floors of Hangzhou Yulong Building and 6 parking Spaces to Yulon Motor
Finance (China) Co.,Ltd. for CNY$ 79,502 thousand.
4.Reason for change and its main content:
Due to the buyer's other considerations,
both parties cancel the asset sale contract.
5.Effect on the Company's finance and business after the change:
Because the real estate can still be sold to third party buyers,
there will be no financial impact on the company.
6.Any other matters that need to be specified:None.