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Chairman Hui led the senior management of Evergrande Group to visit Gold Mantis and Yasha

 Date:2010.11.22   Publisher:Evergrande Group

On Nov. 20 and 21, Professor Hui Ka Yan, Chairman of the Board of Directors of the Group, led Dr. Xia Haijun, Vice-chairman of the Board of Directors and President of the Group, Lin Manjun and Wang Chuan, Vice President, and persons-in-charge of relevant departments of the Group, to successively visit Suzhou Gold Mantis Construction Decoration Co., Ltd. and Zhejiang Yasha Decoration Co., Ltd. During the visit, the Group and Gold Mantis and Yasha respectively signed the Strategic Cooperation Agreement for further consolidating and deepening the cooperative relationship between both parties in the field of fine decoration of residences.


Signing Ceremony of Strategic Cooperation Agreement between Evergrande and Gold Mantis


Signing Ceremony of Strategic Cooperation Agreement between Evergrande and YaSha

According to the Agreement, Evergrande will further strengthen the cooperation with some decoration enterprises which rank among top 10 in China such as Gold Mantis and Yasha, jointly popularize the fine decoration of residences through association between strong enterprises, and guarantee and improve the high quality of Evergrande projects.

It is learned that as a large-scale real estate enterprise which took the lead in promoting comprehensive fine decoration in the industry, Evergrande has won broad development space through a series of fine-decoration residential projects of high quality and high cost- effectiveness in the development process of many years. In this process, Evergrande has cooperated with famous enterprises such as Gold Mantis and Yasha. According to the public data, from 2007 to 2009, the cooperation amount between Evergrande and Yasha were respectively 2.4097 million yuan, 119 million yuan, and 118 million yuan, respectively accounting for 0.18%, 7.38%, and 4.76% of the total operating revenue of Yasha. In 2008, 2009, and the first nine months of 2010, the cooperation amount between Evergrande and Gold Mantis were respectively 20.2554 million yuan, 77.0701 million yuan, and 117.322 million yuan, respectively accounting for 0.61%, 1.88%, and 2.76% of the total operating revenue of Gold Mantis. With the signing of the new Strategic Cooperation Agreement, Evergrande will continue to cooperate with some enterprises which rank among top 10 in the industry such as Gold Mantis and Yasha, so as to jointly compose the new chapters of development.

During the visit, Chairman Hui also met and exchanged opinions with Lou Zhongfu, Chairman of the Board of Directors of Guangsha Holdings.

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