The total amount of 1.329 billion yuan! Zhongtong Bus and Hefei Guoxuan sign the 2017 supply contract

On March 2, Guoxuan Hi-Tech Co., Ltd. announced the announcement of a wholly-owned subsidiary to sign major contracts for daily production and operation. The announcement stated that Hefei Guoxuan, a wholly-owned subsidiary of Guoxuan Hi-Tech, and Zhongtong Bus signed the “2017 Power Battery Purchase Contract” on February 27, 2017 at Hefei Guoxuan Administrative Building. Zhongtong Bus plans to purchase the pure electric bus battery system from Hefei Guoxuan with a contract value of RMB 1,238,537,600. This contract is the annual supply contract for 2017 signed between Hefei Guoxuan and Zhongtong Bus.

Impact on listed companies

1. With the release of new production capacity in 2016, the delivery capacity of Hefei Guoxuan's power battery products will be fully guaranteed in 2017. After years of accumulation, Hefei Guoxuan will also have performance contracts in terms of capital, personnel, technology, and after-sales protection. Ability.

2. Zhongtong Bus is one of the earliest listed companies in the passenger bus industry in China. It has the industry status of “energy-saving and new energy bus leader” and has accumulated many years of products and technologies in the field of new energy buses. The signing of the contract will help to further consolidate the company's dominant position in the automotive lithium battery industry, and at the same time provide a good demonstration effect for the company to continuously optimize the customer structure, continue to expand the market, and achieve strategic upgrading.

3. The contract amount accounted for 48.39% of the company's audited operating revenue in 2015. The contract adopts a batch delivery method. The delivery date is all in 2017 and is expected to have a positive impact on the company's 2017 operating results.

Attachment: Announcement of Guoxuan Hi-Tech Co., Ltd. on signing major contracts for daily production and operation of wholly-owned subsidiaries