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| KOMISJA NADZORU FINANSOWEGO | |
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| | Raport bieżący nr | 12 | / | 2015 | |
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| Data sporządzenia: | 2015-07-01 | | | | | | | | | |
| Skrócona nazwa emitenta | | | | | | | | | |
| PEIXIN | |
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| Temat | | | | | | | | | | |
| Information on the investment plan performance | |
| Podstawa prawna | | | | | | | | |
| Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
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| Treść raportu: | | | | | | | | | |
| With reference to the information provided in the current report No. 11/2014 concerning agreement on a land use right as well as in regard to information provided in periodic reports of Peixin International Group N.V. (the "Company"), the Management Board of the Company informs that by the end of 30 June 2015 the Company did not receive from the local Chinese government any settlements concerning new schedule of investment plan. According to the land purchase agreement described in current report No. 11/2014 the Company is under the process of the investment in the new plant, nevertheless because of delays in expenditures which supposed to be made by the local government into the infrastructure, on a zone were the Company s plot is located, like wiring installation, water-supply system, etc., the initial investments planned by the Company had to be postponed. At the moment the Company conducts consultations with the local government concerning modification of the investment schedule in the new plant, but the consultations are not finalized yet. Taking into consideration foregoing pace in progress of the consultations with the government, the Company doesn t expect their finalization in this year.
In regard to the agreement on land use right the Company reminds that in terms of investment scope, Peixin BVI was required particularly to invest no less than RMB 250m (EUR 29.2m) in the construction by 30 June 2015. Nevertheless because of delays in expenditures which supposed to be made by the local government and changing investment schedule, except insignificant levelling costs the Group of the Peixin didn t incur expenditures concerning construction of a new production facility. The Company explains that because delay in modification of the investment schedule lies on the side of the local government, the Company is not the subject of the contractual penalties described in the current report No. 11/2014. Determination of the new liability rules will be discussed during the further consultations with the local government.
Further information concerning the process of consultations with the local government, as well as updated timetable of investments into new plant will be published by the Company in the subsequent reports.
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| PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ | |
| Data | Imię i Nazwisko | Stanowisko/Funkcja | Podpis | |
| 2015-07-01 | Qiulin Xie | Chairman of Management Board | Qiulin Xie | |
| 2015-07-01 | Kaida Xie | Member of Management Board | Kaida Xie | |
| 2015-07-01 | Zhimin Huang | Member of Management Board | Zhimin Huang | |
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