On February 17, 2023, our company signed a project investment agreement with our company and the Management Committee of Chengdu International Railway Port Economic and Technological Development Zone. Part of the content is as follows:
Chapter 1 Project Overview
Article 1 Project Name: Cowin Automobile and Parts Export Supply Chain Headquarters Project
Article 2 Name of the project company: Chengdu Royihol Supply Chain Management Co., Ltd.
Article 3 Project investment content:
(1) Investment model
Exclusively foreign-owned; Sino-foreign joint venture, with foreign capital not less than xx%; Domestic-funded
(2) Total investment
The total planned investment of the project is about 100 million yuan (capital: 100 million yuan). The total investment mentioned in this agreement includes but is not limited to initial investment (tangible asset investment, intangible asset investment), production and operation investment (management expenses, financial expenses, sales Fees, cost expenses), later reinvestment and foreign investment, etc.
(3) Registered capital
The registered capital of the project company is 20 million yuan (capital: 20,000 yuan)
(4) Construction content:
Party B intends to take advantage of the channel advantages of the China-Europe Railway Express (Chengdu) to implement the Cowing Automobile and Parts Supply Chain Export Project at the Chengdu International Railway Port, focusing on the export distribution business of Cowin Automobile complete sets of parts, integrating parts logistics, overall Vehicle transportation, warehousing services, multimodal transport, international logistics and other comprehensive supply chain services, and at the same time carry out the export business of Chery, Geely, Great Wall and other brands of complete vehicles and parts.
Article 4 Project investment requirements: The import and export trade volume of the project company in the first three years after the project is put into operation is not less than 200 million yuan per year. Under the same conditions, priority will be given to recruiting employees from the locality of Party A, and no less than 5 people will pay the local social security. Party B promises that the project will be put into storage within the next year when the project reaches the standard of an enterprise above the designated size or above the designated size.
...
