en.Wedoany.com Reported - Recently, Wuxi Weifu High-Technology Group Co., Ltd. (referred to as: Weifu High-Technology) issued an announcement regarding related-party transactions arising from public tendering.
The announcement states that due to engineering construction needs, Weifu High-Technology conducted a public tender for the EPC general contracting of the Hydrogen Energy Industrial Park construction project. After completing the corresponding evaluation procedures, it was determined that the consortium led by the affiliated party, The Eleventh Design & Research Institute of Information Industry, Science and Technology Engineering Co., Ltd. (referred to as "EDRI"), with consortium members China Construction First Group Construction & Development Co., Ltd. and Huaren Construction Group Co., Ltd., is the winning bidder for the EPC general contracting of the Hydrogen Energy Industrial Park construction project, with a winning bid amount of 460,060,000 yuan.
Details are as follows:
Employer: Wuxi Weifu High-Technology Group Co., Ltd.
Contractor: The Eleventh Design & Research Institute of Information Industry, Science and Technology Engineering Co., Ltd. (Lead), China Construction First Group Construction & Development Co., Ltd. (Consortium Member), Huaren Construction Group Co., Ltd. (Consortium Member)
Project Name: EPC General Contracting Project for Hydrogen Energy Industrial Park Construction
Project Location: East of Xidong Avenue, South of Xiexie Road, Xinwu District, Wuxi City
Project Content and Scale: The project adds 75,670.6 square meters of industrial land, with a total construction area of approximately 105,583.32 square meters. This includes Production Workshop 1 (Building #1) with an area of approximately 31,276.43 square meters, Production Workshop 2 (Building #2) with an area of approximately 19,334.21 square meters, Production Workshop 3 (Building #10) with an area of approximately 35,629.55 square meters, a parking building with an area of approximately 12,151.2 square meters, and other facilities such as experimental workshops, chemical warehouses, and guard rooms with a total area of approximately 7,191.93 square meters.
Engineering Contracting Scope: This project adopts an integrated design, procurement, and construction model (EPC), including but not limited to: project design (construction drawing design), construction drawing budget preparation, as-built drawing preparation, construction guidance and technical consultation throughout the construction process, on-site services, design changes and project acceptance-related design coordination services, engineering construction, equipment procurement and specialized procurement and installation until the completion and acceptance of the project and warranty within the defect liability period, handover, filing, and related document processing, and all other work of the EPC general contracting project, with full responsibility for the quality, safety, schedule, and cost of the project.
Contract Period: 730 calendar days
Contract Price (Including Tax): 460,060,000 yuan
Weifu High-Technology stated that this related-party transaction is a normal commercial business activity and meets the needs of the company's operational development. The construction qualifications and technical solutions of EDRI (Consortium) meet the project construction requirements, and its quality control objectives comply with relevant technical specifications. The company determined EDRI (Consortium) as the winning bidder through public tendering, ensuring fair pricing. The funds for this project come from the company's own funds and will not have an adverse impact on the company's financial condition or operating results. There is no situation that harms the interests of the company and all shareholders, particularly minority shareholders.
Announcement is as follows:
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