Group 1 - The company, Kingdom Linen, has entered into a total agreement with Zhejiang Haichen for a project valued at RMB 72 million, which includes a contract price of RMB 70 million and a bonus of RMB 2 million [1] - The project involves the production of high-quality linen yarn with an annual output of 3,800 tons, located in the Sadat Industrial Zone of Manufiya Province, Egypt, covering a total construction area of 26,611.25 square meters [1] - The agreement includes subcontracts for procurement and management services, ensuring that the rights, obligations, and responsibilities of the contractors are equally binding [1] Group 2 - The company is a leading exporter in the Chinese linen yarn industry and aims to expand its production capacity to meet the growing demand for hemp and linen yarn [2] - Egypt is identified as a key strategic development region for the company, with expectations that the project will reduce land leasing, labor, and energy costs [2] - The project is anticipated to benefit from tax incentives under current Egyptian tax policies, and exporting linen yarn manufactured in Egypt to EU countries may be exempt from quotas and tariffs, enhancing long-term returns for the company [2]
金达控股(00528)附属浙江金元与浙江海宸订立总协议