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(2018)Tj /T1_0 1 Tf 13 0 3.4833 13 399.1794 664.3179 Tm (\(RMB\))Tj 7.632 0 Td (\(RMB\))Tj 0 Tw 13 0 0 13 56.6928 632.3179 Tm (Net profit \(before taxation\))Tj -0.025 Tw 24.187 0 Td (345,469,654)Tj 7.632 0 Td (204,465,294)Tj 0 Tw -31.818 -1.231 Td (Net profit \(after taxation\))Tj -0.025 Tw 24.187 0 Td (298,044,238)Tj 7.632 0 Td (186,520,492)Tj /T1_1 1 Tf 0 Tw -31.818 -2.335 Td (The Steam Turbine Company)Tj /T1_0 1 Tf 0.053 Tc 0.07 Tw 0 -2.462 TD [(The)12.4 ( Steam)12.3 ( Turbine)12.3 ( Company)12.3 ( is)12.3 ( a)12.3 ( company)12.3 ( incorporated)12.3 ( in)12.3 ( the)12.3 ( PRC)12.3 ( with)12.3 ( limited)28 ( )]TJ 0.025 Tc 0.038 Tw 0 -1.231 TD (liability, with a registered capital of RMB859,720,000. It is principall\ y engaged in the )Tj 0.024 Tc 0 Tw 0 -1.231 TD [(manufacturing, installation and tuning, overhaul, technical service, tec\ hnology transfer,)-1 ( )]TJ 0.047 Tc 0.07 Tw 0 -1.231 TD [(etc.)12.9 ( of)12.9 ( power)12.9 ( plant)12.9 ( steam)12.9 ( turbines,)12.9 ( nuc)0.5 (lea)0.5 (r)12.9 ( power)12.9 ( steam)12.9 ( turbines,)12.9 ( industrial)12.9 ( steam)22 ( )]TJ 0.025 Tc 0 Tw T* (turbines, gas turbines and other products.)Tj 0.075 Tw 0 -2.462 TD (The total assets of the Steam Turbine Company as at 31 December 2018 and\ 30 June )Tj 0.044 Tc 0.07 Tw 0 -1.231 TD [(2)12.2 (0)12.1 (1)12.2 (9)12.2 ( amounted)12.2 ( to)12.2 ( approximately)12.1 ( RMB)12.2 (1)12.2 (1)12.1 (,)12.2 (4)12.2 (0)12.1 (5)12.2 (,)12.2 (9)12.1 (8)12.2 (7)12.2 (,)12.1 (4)12.2 (9)12.2 (4)12.1 ( \(audited\))12.2 ( and)12.2 ( approximately)19 ( )]TJ 0.047 Tc T* [(RMB)12.4 (1)12.5 (0)12.5 (,)12.5 (9)12.5 (4)12.4 (9)12.5 (,)12.5 (3)12.5 (8)12.4 (9)12.5 (,)12.5 (5)12.4 (0)12.5 (3)12.5 ( \(unaudited\))12.4 ( respectively.)12.5 ( The)12.5 ( valuation)12.5 ( of)12.5 ( the)12.6 ( Steam)12.4 ( Turbine)22 ( )]TJ 0.025 Tc 0 Tw T* (Company as at 31 July 2018 was approximately RMB565,281,100.)Tj 0.038 Tc 0.07 Tw 0 -2.462 TD [(The)12.6 ( following)12.7 ( table)12.7 ( sets)12.7 ( out)12.7 ( the)12.7 ( audited)12.6 ( net)12.6 ( profit)12.7 ( \(before)12.7 ( and)12.6 ( after)12.7 ( taxation\))12.7 ( of)12.6 ( the)13 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (Steam Turbine Company for the two years ended 31 December 2018:)Tj /T1_1 1 Tf 26.149 -2.462 Td (For the )Tj -1.631 -1.231 Td (year ended )Tj -0.912 -1.231 Td (31 December )Tj -0.025 Tw 3.756 -1.231 Td (2017)Tj 0 Tw 6.419 3.692 Td (For the )Tj -1.631 -1.231 Td (year ended )Tj -0.912 -1.231 Td (31 December )Tj -0.025 Tw 3.756 -1.231 Td (2018)Tj /T1_0 1 Tf 13 0 3.4833 13 399.1794 265.9689 Tm (\(RMB\))Tj 7.632 0 Td (\(RMB\))Tj 0 Tw 13 0 0 13 56.6928 233.9689 Tm (Net profit \(before taxation\))Tj -0.025 Tw 24.187 0 Td (101,423,523)Tj 8.682 0 Td (5,062,447)Tj 0 Tw -32.868 -1.231 Td (Net profit \(after taxation\))Tj -0.025 Tw 24.187 0 Td (103,178,858)Tj 8.682 0 Td (5,150,239)Tj ET endstream endobj 29 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 5 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (INFORMATION ABOUT THE TARGET COMPANIES)Tj 0 -2.462 TD (The Machinery Company)Tj /T1_0 1 Tf 0.048 Tw T* (The Machinery Company is a company incorporated in the PRC with limited \ liability, )Tj 0.076 Tc 0.07 Tw 0 -1.231 TD [(with)12.8 ( a)12.7 ( registered)12.8 ( capital)12.8 ( of)12.8 ( RMB)12.8 (7)12.7 (0)12.8 (9)12.8 (,)12.7 (2)12.8 (3)12.8 (6)12.7 (,)12.8 (8)12.7 (8)12.8 (0)12.8 (.)12.7 ( It)12.7 ( is)12.8 ( principally)12.8 ( engaged)12.7 ( in)12.7 ( the)51 ( )]TJ 0.026 Tc 0.082 Tw T* [(manufacturing)1 ( )0.5 (and)1 ( )0.5 (related)1 ( )0.5 (consultation,)1 ( )0.5 (installation)1 ( )0.5 (and)1 ( )0.5 (tuning)1 ( )0.5 (and)1 ( )0.5 (technical)1 ( )0.5 (services)1 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (of hydro-generators, steam-turbine generators, hydro-turbines and other \ products, etc.)Tj 0.053 Tc 0.07 Tw 0 -2.462 TD [(The)13 ( tota)0.5 (l)12.9 ( as)0.5 (sets)13 ( of)12.9 ( )0.5 (the)12.9 ( )0.5 (Mach)0.5 (inery)13 ( Comp)0.5 (any)12.9 ( a)0.5 (s)12.9 ( a)0.5 (t)12.9 ( 3)12.9 (1)12.9 ( )0.5 (Dec)0.5 (ember)13 ( 2)12.9 (0)12.9 (1)12.9 (8)13 ( and)12.9 ( )0.5 (3)12.9 (0)12.9 ( J)0.5 (une)28 ( )]TJ 0.044 Tc 0 -1.231 TD [(2)12.2 (0)12.1 (1)12.2 (9)12.2 ( amounted)12.2 ( to)12.2 ( approximately)12.1 ( RMB)12.2 (1)12.2 (1)12.1 (,)12.2 (7)12.2 (4)12.1 (8)12.2 (,)12.2 (7)12.1 (1)12.2 (5)12.2 (,)12.1 (3)12.2 (9)12.2 (3)12.1 ( \(audited\))12.2 ( and)12.2 ( approximately)19 ( )]TJ 0.072 Tc T* [(RMB)12.4 (1)12.4 (1)12.4 (,)12.4 (8)12.5 (8)12.4 (7)12.4 (,)12.4 (7)12.5 (4)12.4 (6)12.4 (,)12.4 (3)12.4 (5)12.5 (2)12.4 ( \(unaudited\))12.4 ( respectively.)12.5 ( The)12.5 ( valuation)12.4 ( of)12.4 ( the)12.4 ( Machinery)47 ( )]TJ 0.025 Tc 0 Tw T* (Company as at 31 July 2018 was approximately RMB5,858,203,600.)Tj 0.038 Tc 0.07 Tw 0 -2.462 TD [(The)12.6 ( following)12.7 ( table)12.7 ( sets)12.7 ( out)12.7 ( the)12.7 ( audited)12.6 ( net)12.6 ( profit)12.7 ( \(before)12.7 ( and)12.6 ( after)12.7 ( taxation\))12.7 ( of)12.6 ( the)13 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (Machinery Company for the two years ended 31 December 2018:)Tj /T1_1 1 Tf 26.149 -2.462 Td (For the )Tj -1.631 -1.231 Td (year ended )Tj -0.912 -1.231 Td (31 December )Tj -0.025 Tw 3.756 -1.231 Td (2017)Tj 0 Tw 6.419 3.692 Td (For the )Tj -1.631 -1.231 Td (year ended )Tj -0.912 -1.231 Td (31 December )Tj -0.025 Tw 3.756 -1.231 Td (2018)Tj /T1_0 1 Tf 13 0 3.4833 13 399.1794 440.409 Tm (\(RMB\))Tj 7.632 0 Td (\(RMB\))Tj 0 Tw 13 0 0 13 56.6928 408.409 Tm (Net profit \(before taxation\))Tj -0.025 Tw 24.712 0 Td (15,625,211)Tj 7.632 0 Td (10,842,218)Tj 0 Tw -32.343 -1.231 Td (Net profit \(after taxation\))Tj -0.025 Tw 24.712 0 Td (29,662,689)Tj 7.632 0 Td (28,564,407)Tj /T1_1 1 Tf 0 Tw -32.343 -2.335 Td (The Boiler Company)Tj /T1_0 1 Tf 0.025 Tw 0 -2.462 TD (The Boiler Company is a company incorporated in the PRC with limited lia\ bility, with )Tj 0.005 Tw 0 -1.231 TD (a registered capital of RMB746,850,000. It is principally engaged in the\ manufacturing )Tj 0.061 Tc 0.07 Tw T* [(and)12.8 ( sales)12.8 ( of)12.8 ( boilers,)12.7 ( pressure)12.8 ( vessels,)12.8 ( steam)12.8 ( turbine)12.8 ( auxiliary)12.8 ( equipment,)12.7 ( boiler)36 ( )]TJ 0.045 Tc T* [(auxiliary)12.1 ( equipment,)12.1 ( power)12.1 ( station)12.2 ( valves)12.2 ( and)12.1 ( mechanical)12.2 ( parts)12.1 ( for)12.2 ( thermal)12.2 ( power)20 ( )]TJ 0.071 Tc T* [(stations,)12.2 ( production)12.3 ( and)12.2 ( sales)12.2 ( of)12.3 ( nuclear)12.3 ( power)12.2 ( station)12.3 ( equipment)12.2 ( and)12.3 ( heating)46 ( )]TJ 0.025 Tc 0 Tw T* (equipment and petrochemical containers, etc.)Tj 0.046 Tc 0.07 Tw 0 -2.462 TD [(T)0.5 (h)0.5 (e)13 ( )0.5 (to)0.5 (t)0.5 (a)0.5 (l)13 ( )0.5 (a)0.5 (s)0.5 (se)0.5 (t)0.5 (s)13 ( )0.5 (o)0.5 (f)13 ( )0.5 (t)0.5 (he)13 ( )0.5 (B)0.5 (o)0.5 (i)0.5 (l)0.5 (e)0.5 (r)12.9 ( )0.5 (C)0.5 (o)0.5 (m)0.5 (p)0.5 (a)0.5 (n)0.5 (y)12.9 ( )0.5 (a)0.5 (s)13 ( )0.5 (a)0.5 (t)13 ( )0.5 (3)13 (1)12.9 ( )0.5 (D)0.5 (e)0.5 (c)0.5 (e)0.5 (m)0.5 (b)0.5 (e)0.5 (r)13 ( )0.5 (2)12.9 (0)13 (1)13 (8)13 ( )0.5 (a)0.5 (nd)13 ( )0.5 (3)13 (0)13 ( )0.5 (J)0.5 (u)0.5 (ne)13 ( )0.5 (2)13 (0)13 (1)13 (9)21 ( )]TJ 0.08 Tc 0 -1.231 TD [(amounted)12.5 ( to)12.5 ( approximately)12.6 ( RMB)12.6 (1)12.6 (8)12.5 (,)12.6 (0)12.5 (9)12.6 (7)12.6 (,)12.5 (8)12.6 (5)12.6 (0)12.5 (,)12.6 (2)12.5 (7)12.6 (1)12.6 ( \(audited\))12.6 ( and)12.5 ( approximately)55 ( )]TJ 0.025 Tc 0.008 Tw T* (RMB16,830,608,128 \(unaudited\) respectively. The valuation of the Boile\ r Company as )Tj 0 Tw 0 -1.231 TD (at 31 July 2018 was approximately RMB6,616,205,200.)Tj ET endstream endobj 28 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 4 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 776.409 Tm (REASONS FOR AND BENEFITS OF THE EQUITY ACQUISITION)Tj /T1_0 1 Tf 0.006 Tw 0 -2.462 TD (Upon the completion of the equity transfer, the Company shall hold 100%,\ 97.30% and )Tj 0.025 Tw 0 -1.231 TD [(97.87% )0.5 (equity )0.5 (interest )0.5 (in )0.5 (the )0.5 (Machinery )0.5 (Company, )0.5 (the )0.5 (Boiler )0.5 (Company )0.5 (and )0.5 (the )0.5 (Steam )]TJ 0 Tw T* (Turbine Company respectively.)Tj 0.051 Tc 0.07 Tw 0 -2.462 TD [(The)12.3 ( Equity)12.2 ( Acquisition)12.2 ( bolsters)12.3 ( the)12.3 ( Company\222s)12.3 ( ability)12.3 ( to)12.3 ( adapt)12.2 ( to)12.3 ( changes)12.3 ( in)12.3 ( the)26 ( )]TJ 0.022 Tc 0 Tw 0 -1.231 TD [(market and is beneficial to its reform and development needs while integ\ rating essential)-3 ( )]TJ 0.025 Tc 0.001 Tw 0 -1.231 TD (resources, promoting the leading effect of the business sector in the ma\ rket, facilitating )Tj 0.043 Tc 0.07 Tw T* [(the)12.7 ( transformation)12.7 ( of)12.7 ( the)12.7 ( Target)12.7 ( Companies)12.7 ( to)12.7 ( become)12.7 ( cost-oriented.)12.7 ( Besides,)12.6 ( it)12.7 ( is)18 ( )]TJ 0.027 Tc 0.081 Tw T* [(beneficial)2 ( )0.5 (to)2 ( )0.5 (the)2 ( )0.5 (enhancement)2 ( )0.5 (of)2 ( )0.5 (the)2 ( )0.5 (effectiveness)2 ( )0.5 (and)2 ( )0.5 (quality)2 ( )0.5 (of)2 ( )0.5 (decision-making)2 ( )0.5 (by)2 ( )]TJ 0.025 Tc 0 Tw T* (the Target Companies and the maximisation of interests of the Company.)Tj 0.039 Tc 0.07 Tw 0 -2.462 TD [(T)0.6 (h)0.5 (e)13 ( )0.6 (T)0.5 (a)0.6 (r)0.6 (g)0.5 (e)0.6 (t)13 ( )0.5 (C)0.6 (o)0.5 (m)0.6 (p)0.5 (a)0.6 (n)0.5 (i)0.6 (e)0.5 (s)13.1 ( )0.5 (h)0.5 (a)0.6 (v)0.6 (e)13 ( )0.6 (b)0.5 (e)0.6 (e)0.5 (n)13 ( )0.6 (a)0.6 (p)0.5 (p)0.6 (r)0.5 (a)0.6 (i)0.5 (s)0.5 (e)0.6 (d)13 ( )0.6 (b)0.5 (y)13.1 ( )0.5 (B)0.6 (e)0.5 (i)0.6 (j)0.5 (i)0.6 (n)0.5 (g)13 ( )0.6 (C)0.5 (h)0.6 (i)0.5 (n)0.6 (a)13 ( )0.6 (E)0.5 (n)0.6 (t)0.5 (e)0.6 (r)0.5 (p)0.6 (r)0.5 (i)0.5 (s)0.6 (e)13 ( )0.6 (A)0.6 (p)0.5 (p)0.5 (r)0.6 (a)0.5 (i)0.6 (s)0.5 (a)0.6 (l)0.5 (s)14 ( )]TJ 0 -1.231 TD [(Co.,)12.5 ( Ltd.)12.6 ( and)12.6 ( an)12.5 ( asset)12.6 ( appraisal)12.5 ( report)12.5 ( has)12.5 ( been)12.5 ( issued.)12.5 ( The)12.6 ( Company)12.6 ( and)12.6 ( Huarong)14 ( )]TJ 0.072 Tc T* [(have)12.7 ( arrived)12.7 ( at)12.7 ( various)12.7 ( terms)12.8 ( in)12.7 ( the)12.8 ( Equity)12.7 ( Transfer)12.7 ( Agreements)12.7 ( based)12.7 ( on)12.7 ( the)47 ( )]TJ 0.025 Tc 0 Tw T* (abovementioned valuation results in the asset appraisal report.)Tj 0.041 Tc 0.07 Tw 0 -2.462 TD [(The)12.2 ( Board)12.2 ( \(including)12.2 ( the)12.2 ( Independent)12.2 ( Non-executive)12.2 ( Directors\))12.2 ( is)12.2 ( of)12.2 ( view)12.3 ( that)12.2 ( the)16 ( )]TJ 0.057 Tc 0.069 Tw 0 -1.231 TD [(t)0.5 (e)0.5 (r)0.6 (m)0.5 (s)13 ( o)0.5 (f)13 ( t)0.5 (h)0.5 (e)13.1 ( E)0.5 (q)0.5 (u)0.5 (i)0.5 (t)0.5 (y)13 ( A)0.6 (c)0.5 (q)0.5 (u)0.5 (i)0.5 (s)0.5 (i)0.6 (t)0.5 (i)0.5 (o)0.5 (n)13 ( a)0.5 (r)0.5 (e)13.1 ( f)0.5 (a)0.5 (i)0.5 (r)13 ( a)0.6 (n)0.5 (d)13 ( r)0.5 (e)0.5 (a)0.6 (s)0.5 (o)0.5 (n)0.5 (a)0.5 (b)0.5 (l)0.5 (e)0.6 (;)13 ( t)0.5 (h)0.5 (e)13 ( t)0.6 (r)0.5 (a)0.5 (n)0.5 (s)0.5 (a)0.5 (c)0.6 (t)0.5 (i)0.5 (o)0.5 (n)13 ( i)0.5 (s)13 ( i)0.6 (n)13 ( t)0.5 (h)0.5 (e)32 ( )]TJ 0.048 Tc 0.07 Tw 0 -1.231 TD [(ordinary)12.3 ( and)12.3 ( usual)12.3 ( course)12.3 ( of)12.3 ( business)12.3 ( of)12.3 ( the)12.3 ( Company)12.4 ( and)12.4 ( on)12.4 ( normal)12.4 ( commercial)23 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (terms or better; and in the interests of the Company and the Shareholder\ s as a whole.)Tj 0 -2.462 TD (No Directors have a material interest in the Equity Acquisition.)Tj /T1_1 1 Tf T* (INFORMATION ABOUT THE COMPANY AND HUARONG)Tj /T1_0 1 Tf 0.048 Tc 0.07 Tw T* [(The)12.7 ( Company)12.7 ( together)12.6 ( with)12.6 ( its)12.7 ( subsidiaries)12.7 ( is)12.7 ( one)12.6 ( of)12.7 ( the)12.7 ( largest)12.7 ( manufacturers)12.6 ( of)23 ( )]TJ 0.06 Tc 0 -1.231 TD [(power)12.4 ( plant)12.4 ( equipment)12.4 ( in)12.4 ( the)12.4 ( PRC,)12.4 ( the)12.4 ( principal)12.4 ( activities)12.4 ( of)12.4 ( which)12.4 ( include)12.4 ( the)35.1 ( )]TJ 0.059 Tc T* [(manufacturing)12.5 ( of)12.5 ( thermal)12.5 ( power)12.5 ( main)12.6 ( equipment,)12.5 ( hydro)12.5 ( power)12.5 ( main)12.5 ( equipment,)34.1 ( )]TJ 0.049 Tc T* [(nuclear)12.2 ( power)12.1 ( main)12.1 ( equipment,)12.1 ( gas)12.2 ( power)12.2 ( equipment)12.2 ( and)12.1 ( turnkey)12.2 ( construction)12.2 ( of)24 ( )]TJ 0.025 Tc 0 Tw T* (power station projects.)Tj 0.038 Tw 0 -2.462 TD (Huarong \(formerly China Huarong Asset Management Corporation* \()Tj /C0_0 1 Tf -0.025 Tw <02950A370D3613440F1F0B2A104D>Tj 0 -1.231 TD <0B2302AE0321>Tj /T1_0 1 Tf 0.068 Tw (\)\) is a company incorporated in the PRC with limited liability, which \ provides )Tj 0.04 Tc 0.07 Tw 0 -1.231 TD [(financial)12.4 ( services)12.4 ( in)12.4 ( areas)12.3 ( such)12.4 ( as)12.4 ( distressed)12.4 ( asset)12.4 ( management)12.4 (,)12.4 ( asset)12.4 ( management)12.4 (,)15 ( )]TJ 0.025 Tc 0 Tw 0 -1.231 TD (banking, securities, trust, financial leasing, investment, futures and c\ onsumer finance.)Tj 0.066 Tc 0.07 Tw 0 -2.462 TD [(The)12.6 ( original)12.6 ( cost)12.6 ( of)12.6 ( Huarong\222s)12.7 ( acquisition)12.6 ( of)12.6 ( the)12.6 ( 1)12.6 (0)12.6 (.)12.6 (3)12.6 (7)12.6 (%)12.6 ( equity)12.6 ( interest)12.6 ( in)12.7 ( the)41 ( )]TJ 0.065 Tc 0 -1.231 TD [(Machinery)12.4 ( Company,)12.3 ( 5)12.4 (.)12.3 (2)12.3 (2)12.4 (%)12.3 ( equity)12.4 ( interest)12.3 ( in)12.3 ( the)12.4 ( Boiler)12.3 ( Company)12.3 ( and)12.3 ( 2)12.4 (6)12.3 (.)12.3 (9)12.4 (6)12.3 (%)40 ( )]TJ 0.069 Tc T* [(equity)12.7 ( interest)12.7 ( in)12.8 ( the)12.7 ( Steam)12.8 ( Turbine)12.7 ( Company)12.8 ( held)12.7 ( by)12.8 ( it)12.8 ( was)12.7 ( RMB)12.8 (7)12.7 (3)12.7 (,)12.8 (5)12.7 (7)12.8 (0)12.8 (,)12.7 (0)12.7 (0)12.8 (0)12.8 (,)44 ( )]TJ 0.025 Tc 0 Tw T* (RMB38,970,000 and RMB231,800,000 respectively.)Tj ET endstream endobj 26 0 obj <>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 3 \226)Tj 0.017 Tc 13 0 0 13 85.0394 776.3179 Tm [(\()-8 (3)-8 (\))-8 ( )-672.5 (the transfer price of the 26.96% equity interest in the Steam Turbine Co\ mpany)-8 ( )]TJ 0.062 Tc 0.07 Tw 2.181 -1.231 Td [(held)12.5 ( by)12.5 ( Huarong)12.5 ( shall)12.5 ( be)12.5 ( RMB)12.5 (7)12.5 (,)12.5 (2)12.5 (2)12.6 (0)12.5 (,)12.5 (3)12.5 (0)12.5 (0)12.5 ( \(equivalent)12.5 ( to)12.5 ( approximately)37 ( )]TJ 0.025 Tc -0.025 Tw 0 -1.231 TD (HK$8,043,737\).)Tj 0.041 Tc 0.07 Tw -2.181 -2.462 Td [(The)12.7 ( aggregate)12.6 ( purchase)12.6 ( price)12.6 ( shall)12.6 ( be)12.6 ( RMB)12.6 (4)12.6 (3)12.6 (2)12.6 (,)12.7 (8)12.6 (2)12.6 (5)12.6 (,)12.6 (1)12.6 (0)12.6 (0)12.6 ( in)12.6 ( total)12.6 ( \(equivalent)12.6 ( to)15.9 ( )]TJ 0.025 Tc 0 Tw T* (approximately HK$482,186,536\).)Tj /T1_1 1 Tf -2.181 -2.462 Td [(5. )-1105.5 (Method of payment)]TJ /T1_0 1 Tf 0.077 Tc 0.07 Tw 2.181 -2.462 Td [(Befor)0.5 (e)12.8 ( entering)12.9 ( into)12.8 ( the)12.9 ( Equity)12.9 ( Transfer)12.9 ( Agreements,)12.8 ( the)12.9 ( Company)12.9 ( have)52 ( )]TJ 0.063 Tc T* [(paid)12.1 ( a)12.2 ( transaction)12.2 ( deposit)12.2 ( of)12.1 ( RMB)12.1 (2)12.2 (1)12.1 (,)12.1 (6)12.1 (4)12.2 (1)12.1 (,)12.1 (2)12.1 (5)12.1 (5)12.2 ( \(equivalent)12.2 ( to)12.1 ( approximately)38 ( )]TJ 0.025 Tc 0.001 Tw T* (HK$24,109,327\), which shall satisfy as part of the transfer price after\ the entering )Tj 0 Tw T* (into of the Equity Transfer Agreements.)Tj 0.039 Tc 0.07 Tw 0 -2.462 TD [(Up)0.5 (on)12.9 ( )0.5 (en)0.5 (teri)0.5 (ng)13 ( int)0.5 (o)12.9 ( t)0.5 (he)12.9 ( )0.5 (Equ)0.5 (ity)13 ( Tr)0.5 (ans)0.5 (fe)0.5 (r)12.9 ( A)0.5 (gr)0.5 (eem)0.5 (ent)0.5 (s,)12.9 ( )0.5 (the)13 ( Co)0.5 (mpa)0.5 (ny)12.9 ( )0.5 (wil)0.5 (l)12.9 ( m)0.5 (ak)0.5 (e)12.9 ( a)14 ( )]TJ 0.025 Tc 0.061 Tw 0 -1.231 TD (one-off payment for the settlement of the remaining balance of the trans\ fer price )Tj 0 Tw T* (within 5 working days after the entering into of the Equity Transfer Agr\ eements.)Tj /T1_1 1 Tf -2.181 -2.462 Td [(6. )-1105.5 (Completion of the equity transfer)]TJ /T1_0 1 Tf 0.027 Tc 0.081 Tw 2.181 -2.462 Td [(The)2 ( )0.5 (Company)2 ( ma)0.5 (y)1.9 ( )0.5 (only)2 ( )0.5 (proceed)2 ( )0.5 (with)2 ( )0.5 (the)2 ( )0.5 (registration)2 ( )0.5 (procedures)2 ( )0.5 (for)2 ( )0.5 (the)2.1 ( change)2 ( )]TJ 0.028 Tc 0.08 Tw T* [(in)3 ( )0.5 (shareholding)3 ( )0.5 (of)3 ( )0.5 (the)3 ( )0.5 (Machinery)3 ( )0.6 (Company,)3 ( )0.5 (the)3 ( )0.5 (Boiler)3 ( )0.6 (Company)3 ( )0.5 (and)3 ( )0.5 (the)3 ( )0.5 (Steam)3 ( )]TJ 0.025 Tc 0.034 Tw T* (Turbine Company upon due and full payment as stipulated in the Equity Tr\ ansfer )Tj 0.023 Tc 0 Tw T* [(Agreements and the issuance of certification of equity transaction by He\ ilongjiang)-2 ( )]TJ 0.025 Tc T* (United 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