The Board of Directors approved the construction contract signed between Huzhou Anli and Jiangsu Didu was terminated.

The Board of Directors approved the construction contract signed between Huzhou Anli and Jiangsu Didu was terminated.
Material Information
  1. Date of the original announcement and reporting:2020/08/31
     
  2. Summary of the content originally announced and reported: Huzhou Anli Technology Co., Ltd.(hereinafter referred to as Huzhou Anli) and Jiangsu Didu Construction Engineering Co., Ltd. (hereinafter referred to as Jiangsu Didu) signed a construction contract on September 1, 2020. The contract of the Huzhou Anli plant construction project was RMB 134.8 million (including Value-added tax).
     
  3. Reason for change and its main content: Huzhou Anli thought that Jiangsu Didu had no reason to delay the construction schedule and refused to take any improvement measures, which obviously constituted a major breach of contract.
     
  4. Effect on the Company’s finance and business after the change: Based on current information, the case did not have a significant impact on the company’s finances and business.
     
  5. Any other matters that need to be specified: Huzhou Anli has appointed the lawyer to make a claim for the losses caused by the Jiangsu Didu, in order to protect the legal rights and interests of the company.