Storm is not flat? NVC Wu Changjiang exposure did not disclose sales agent agreement with his wife about

NVC announced a series of companies and sales agents to sign the agreement as it is Yang, and Yang is led by former Chairman Wu wife holding 48% of the Yangtze river. Due to Wu Changjiang in the sale of Yang and other items of the transaction and lighting project contract was not disclosed to the directors of the company at the time of the company is still a relevant person.

The company considers that there is no reason to believe that the contract is not in accordance with the terms of the normal business, is not fair and reasonable, and does not meet the interests of the group and the shareholders of the company as a whole.

The company has entered into a number of sales arrangements between 2009 and 2013, and is involved in the sales of the major engineering products of Chongqing as an agent in the sales group.

On or before or after 2011, the company signed a four agreement with Yang Yang seems to be part of the sales agreement, involving funding of up to 53 million 500 thousand yuan.

On or before or after 2011, the two sides also signed a contract with the Chongqing landscaping authority involving 51 million yuan lighting projects.

In May 13th of last year's announcement, the company noted at the time, according to the Huizhou NVC has financial records, is according to the sales arrangements from Shang Yang Yang Huizhou NVC total purchases amounted to about 48 million yuan. The company thinks the data is still accurate. Huizhou has to take legal action to recover in Chinese is according to the Yang sales arrangements owed about 13 million yuan of outstanding debt, the legal action is still in progress.

In addition, according to the Chongqing NVC financial records, it is according to the sales arrangements from Shang Yang Yang Chongqing NVC total purchases amounted to about 3 million 860 thousand yuan, the outstanding debt is about 3 million 730 thousand yuan, plus interest.

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