Date of events:2014/05/28
Subject : Announcement of Board resolution to sign the construction plan of letter of interest on behalf of subsidy, Motech Suzhou Renewable Energy Co., LTD.
1.Date of occurrence of the event: 2014/05/28
2.Counterparty to the contract or commitment: Management Committee of Kunshan Economic and Technological Development (KETD).
3.Relationship to the Company: None
4.Starting and ending dates (or rescission date) of the contract or commitment: Both sides negotiated for discussion purpose only and have no legal effect.
5.Major content (not applicable where rescinded): Motech Suzhou Renewable Energy Co., LTD signs letter of interest with KETD to establish the construction plan to manufacture and sell solar products.
6.Restrictive covenants (not applicable where rescinded): The implementation and scale shall be approved by Motech’s Board of Directors and legally obtain permission of investment review.
7.Effect on company finances and business (not applicable where rescinded): The letter of interest only describes the willingness of both sides and basic principles of cooperation, which have no impacts on the Company’s financial and business condition.
8.Concrete purpose/objective (not applicable where rescinded): To expand the overall economics of production scale and enhance competitiveness in China region.
9.Any other matters that need to be specified: None