Group 1 - The company, through its wholly-owned subsidiary Hainan Shenghua Tourism Industry Co., Ltd., signed a cooperation contract for the "Hainan Agricultural Reclamation South Field Equestrian Culture Town Project" with Hainan Agricultural Reclamation Shenquan Group and Shenzhen Yuehua Equestrian Culture Industry Co., Ltd. [1] - Due to the lack of higher-level planning and substantial construction progress, Hainan Agricultural Reclamation Shenquan Group intends to terminate the cooperation agreement [2] - The termination of the cooperation is a result of mutual agreement among the three parties, and the project has not commenced actual investment or construction, thus the termination will not have a substantial impact on the company's existing operations [3] Group 2 - The company has recovered the performance bond of 30 million RMB that was previously paid [3]
海南瑞泽: 关于重大合同的进展公告