Announcement on the Strategic Cooperation Agreement Signed with Yinggu Energy Technology (Zhejiang) Co., Ltd.
Shenzhen Hongtao Group Co., Ltd. and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- The signed "Strategic Cooperation Agreement" is a framework agreement, and specific cooperation matters will be subject to the signing of relevant formal cooperation agreements. There is a risk that the signing of subsequent formal agreements may be delayed or may ultimately not be signed, leading to the failure of this transaction.
- The company currently faces risks such as tight cash flow, frozen bank accounts, seized assets, and personnel loss. According to Yinggu Energy's financial statements, Yinggu Energy has limited cash and a high debt-to-asset ratio; as of the date of this announcement, Yinggu Energy's paid-in capital is zero.
- The signing of the "Strategic Cooperation Agreement" does not constitute a significant impact on the company's financial status and operating results for 2024, and the impact on future performance remains uncertain. The signing and performance of this agreement do not affect the independence of the company's business, and there is no dependency on the counterparty due to the performance of the agreement.
- Details of the framework agreements or intention agreements disclosed by the company in the past three years can be found in the "Other Situations" section of this announcement.
Overview of the Agreement Signing
In order to strengthen the company's main business in construction decoration and seize opportunities in the new energy sector, Shenzhen Hongtao Group Co., Ltd. (referred to as "the Company" or "Hongtao Shares") has signed the "Strategic Cooperation Agreement between Yinggu Energy Technology (Zhejiang) Co., Ltd. and Shenzhen Hongtao Group Co., Ltd." (hereinafter referred to as "Strategic Cooperation Agreement") with Yinggu Energy Technology (Zhejiang) Co., Ltd. (hereinafter referred to as "Yinggu Energy").
According to the company's articles of association and relevant regulations, the signing of this strategic cooperation agreement does not require approval from the company's board of directors or shareholders' meeting. The signing of the strategic cooperation agreement constitutes a related party transaction and does not constitute a significant asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." Subsequent related party transactions will be reviewed based on the formally signed project agreements, without the need for approval from relevant authorities. The company will fulfill its information disclosure obligations in a timely manner based on subsequent actual progress.