CHANGYOU ALLIANCE GROUP LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1039) VOLUNTARY ANNOUNCEMENT EXTRACTS OF STRATEGIC COOPERATION AGREEMENTS AND MAJOR BUSINESS CONTRACTS
This announcement is made by Changfeng Axle (China) Company Limited (the "Company") on a voluntary basis. The purpose of this announcement is to keep the shareholders and potential investors of the Company informed of the latest business development of the Company and its subsidiaries after the completion of the acquisition of Century Network Holding Limited and its subsidiaries on 25 March
2015.
The following are extracts of some of the strategic cooperation agreements and major business contracts
(collectively, the "Agreements") entered into by the subsidiaries of the Company:
23,600 ATMs, 226,300 units of self-service terminals as well as 1,676,200 units of convenient payment terminals. It is the largest bank card acquiring professional services organization in China. According to China UnionPay and ccidjingzhi.com, iResearch, Analysis and other professional advisory bodies, UnionPay takes the lead in domestic payment market, and ranks first in non-finance payment industry in term of comprehensive payment market share and the bank card acquiring
market participated by third party payment companies and banking institutions, and has the third
1
largest Internet payment market share. In the latest released "Nielsen Report", "2013 annual global acquirers rankings", UnionPay was in the first place in the whole Asia-Pacific whole-card acquirers transaction rankings and ranked 20th in the global market.
Making full use of the retail resource value of contracted merchants of UnionPay and combining the quality goods values of the platform structure with CCIG intelligent terminals ("CCIG"), and tailor- made terminals will be provided by CCIG and UnionPay chooses to recommend using tailor-made terminals in the contracted merchants; once the contracted merchants is placed with CCIG tailor made terminals, UnionPay agrees not to cooperate with other third parties which will incur unfair competition to the goods of CCIG on this terminal; CCIG may negotiate with UnionPay that on other terminals of UnionPay, it has priority access to embedded network platform client licenses.
B. Beijing Century Fortunet Technology Co., Ltd.* and Bank of China Limited CCIG Cooperation Framework Agreement (Date: July 2014) Profile of Bank of China: In February 1912, upon approval by Mr. Sun Yat-sen, Bank of China was formally established. From 1912 through 1949, the Bank of China successively exercised professional bank functions as central bank, international exchange bank and international trading bank, it was committed to serve the people and revitalize the national finance. It went through long- suffering and hard work, before becoming the leading bank in the national financial industry in the long term and has occupied a place in the international financial community. After 1949, as a State foreign exchange and foreign trading professional bank for many years, the Bank of China unified the operation of State foreign exchanges and engaged in international trading settlement, remittances and other non-trade foreign exchange businesses. and vigorously supported the development of foreign trade and economic construction. After the reform and opening of China, the Bank of China firmly captured this historic opportunity of the State, taking advantage of the foreign funds and advanced technology to speed up economic construction, bringing the unique advantage of long term operating foreign exchange business into full play, and became the main channel of the State is using foreign funds. In 1994, the Bank of China is transformed into a wholly State-owned commercial bank. In August 2004, the Bank of China was established. In June and July in 2006, the Bank of China was successfully listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange respectively and became the first commercial bank with "A+H" listing in the domestic market. In2013, the Bank of China again was elected as a global systematic important bank and became the sole financial institution awarded for three consecutive years in the emerging economies.
Essence of the Agreement:
Both parties established strategic cooperation relationship, CCIG has priority in selecting Bank of China to provide financial services for it, and the Bank of China to select service resources of the Bank of China and the Group to provide a wide range of financial services fully utilize for CCIG. CCIG shall integrate the financial products applications on its platform and tailor-made terminals and recommend the same to platform providers, dealers and contracted merchants; the Bank of
2
China uses its network integration both domestic or overseas and a full range of integrated financial services which combining commercial banking physical outlets with electronic channels, to provide account opening, letters of credit and cross-border RMB settlement, online trade finance, cash management and other financial services for CCIG, and to launch "Bank of China E community" customer cross referrals between the Bank of China and CCIG.
Both parties unaimously agreed to establish long-term strategic cooperation relationship to jointly promote the cooperation between CCIG and Tianyi Payment service; Tianyi Payment authorized CCIG to promote the application and service of Tianyi Payment on its platforms and act as the sole agent of its platform contracted merchants in Tianyi Payment; Tianyi Payment embedded the Application of CCIG commercial customer on its Tianyi Payment and mobile applications of other application customer terminals; utilize Tianyi Payment and other application customer terminals to engage in marketing for CCIG goods; Tianyi Payment has priority in recommending CCIG as the overseas goods provider for the customers in the telecom business and commercial retailers it developed; Tianyi Payment provides beneficial settlement rates for CCIG customers.
3
CCIG and eBay will enter into strategic cooperation all over the world, both parties will promote the cooperation in goods circulation, payment, logistics in distribution, customer service and joint brand marketing and technology platform connection and other fields or segments related to Cross- border telecom supplier business; both parties first make deployment in the cooperation in Asia- Pacific region, and endeavour to copy the Asia-Pacific Cooperation Mode to North America, Europe, Australia, South America and other regions.
E. Beijing Century Fortunet Technology Co., Ltd. and Class Editori S.p.A Cooperation Agreement (Date: 11 June 2014) Profile of Class Editori S.p.A: Class Editori S.p.A., an influential Italian media group, owns 13 radio channels in Italy, covering all major cities and regions in Italy. In addition, it operates various forms other media such as magazines, newspapers, satellite TV channels, outdoor television, the Internet, etc. and multimedia platforms. Class Editori S.p.A's CEO Paolo Panerai is a veteran media worker in Italy, he was the first interviewer with Deng Xiaoping in 1978 for the Italian media. Class Editori S.p.A is also one of Italy's major wine distributors. The company has many supply sources for high-quality goods in Italy. Essence of the Agreement:
Class Editori S.p.A is eligible for and has the ability to select and assess the resources and establish direct business relationship with the suppliers and obtain the minimum purchase price to enter into China market; Class Editori S.p.A will act as one of major agencies for Italian goods in CCIG, the product categories include alcohol, food, men's clothing and women's clothing, shoes, luxurious accessories and furniture design. And it will serve as the exclusive agent for the vendor to sell advertising and content production and conduct media promotion for CCIG and the goods provided by Class Editori S.p.A shall be those not yet available in China market for sale and has obtained the authorization for exclusive sale right.
4
Class Editori S.p.A is eligible for and has the ability to select and assess the resources and establish direct business relationship with the suppliers and obtain the minimum purchase price to enter into China market; Class Editori S.p.A will act as one of major agencies for Italian goods in CCIG, Its product categories include alcohol, food, men's clothing and women's clothing, shoes, luxurious accessories and furniture design. And it will serve as the exclusive agent for the vendor to sell advertising and content production and conduct media promotion for CCIG; and the goods provided by Class Editori S.p.A shall be those not yet available in China market for sale and has obtained the authorization for exclusive sale right.
G. Beijing Century Fortunet Technology Co., Ltd. and Class Editori S.p.A and Beijing Century Fortunet Network Technology Co., Ltd. and Class China e-Commerce S.r.l. Supplemental to CCIG E-commercial Platform (Overseas) Supplier Operation Cooperation Agreement (Date: 26 March 2015)
As a majority shareholder of CCeC, Gruppo Cremonini is one of Europe's biggest family business of fast-moving food products which is already in the third generation. Its business scope covers food production, catering services and food distribution supply chain network. Its subsidiary Indalca Food
& Beverage ("IF&B") by Cremonini Group specializes in team management and operations, with over
50 years of operating history, and has core competitiveness and overall involvement in the food and beverage industry in all areas of its business chain, especially Italian food and beverage packaging, the entire export business chain. Currently IF&B provides services in more than 60 countries worldwide and its network platform has 75 distributors in Italy and other parts of the world, with more than 3,500 fast moving food suppliers.
Cremonini Group and IF&B directly dispatch its core backbone team to manage and operate CCeC. Through jointly assessing products' features, order amounts, price and shelf life to obtain the quickest product turnover target. CCeC will provide corresponding suitable alternatives for CCIG and CCeC agrees to pay for CCIG to provide goods and transporting goods to China Free Trade Zones. CCIG undertakes to pay the money within a certain period after the goods arrive at the port.
Each of the Agreements entered into above does not constitute any notifiable transaction of the Company under Chapter 14 of the Listing Rules, nor any connected transaction under Chapter 14A of the Listing Rules.
5
By Order of the Board
Changfeng Axle (China) Company Limited Mr. Cheng JeromeChairman
Hong Kong, 14 April 2015
As at the date of this announcement, the executive Directors of the Company are Mr. Cheng Jerome, Ms. Wu Ching and Mr. Yuan Weitao; the non-executive Directors of the Company are Ms. Dong Ying, Dorothy, Mr. Feng Xiaohui and Mrs. Guo Yan; and the independent non-executive Directors of the Company are Mr. Wong Chi Keung, Mr. Liu Erhfei and Mr. Chan Chi Keung Alan.
* For illustration purpose only
6
|
distributed by
|
