90% margin compensation for Ping An bank if low forecast

Source: Internet
Author: User
Keywords Bank would have been the difference
In order to ensure the interests of deep development, China peace and deep Development has also signed a special compensation agreement. China Ping An said in accordance with the China Peace and Deep Development Agreement signed September 14, 2010, deep development should be in the 3 years after the completion of this transaction (hereinafter referred to as "compensation period"), in the 4 months after the end of each year, according to the Chinese Enterprise accounting standards for Ping An bank in the year to prepare the net profit value , and to encourage the CPA firms to issue a special audit opinion as soon as possible on the difference between the actual earnings and the actual earnings and profit forecasts.  China Ping An agreed that, if according to the special audit opinion, Ping An bank in the period of compensation in the actual profit of any year is lower than the corresponding profit forecast, then China's peace should be in cash to deep development to pay the difference between the actual profit and the profit forecast 90.75%. According to the announcement, Ping An bank believes that under normal operating conditions, the net profit of Ping an Bank in 2010 and 2011 can be realized by the owners of the equity holders will be 1.75 billion yuan and 2.3 billion yuan respectively, with a forecast net profit of 838 million yuan in the second half of 2010.
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