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5: Report on the Company’s Estimated Routine Related-Party Transactions for the Year 2011
Document No. 5 of the 2010 Annual General Meeting
Report on the Company’s Estimated Routine Related-Party Transactions for the Year 2011
Dear Shareholders:
In 2010, the total amount of routine related-party transactions between the Company and its affiliates was RMB 414.7 million, representing 86.4% of the projected annual amount for 2010. Specifically, purchases from affiliates of complete sets of project-supporting products amounted to RMB 210.95 million, or 84.4% of the projected annual amount; and sales to affiliates of supporting components totaled RMB 203.75 million, or 88.6% of the projected annual amount.
Based on the 2010 routine related-party transactions, the Company expects the total amount of such transactions for the full year 2011 to be approximately RMB 450 million, including approximately RMB 230 million for the procurement of complete-set ancillary products from related parties and approximately RMB 220 million for the sale of ancillary components to related parties.
Please review the above report.
May 12, 2011