Anshan project is only a framework agreement

In response to a media report "Oriental Garden: 1.6 billion Anshan big single truth", Oriental Garden (002310) issued a clarification bulletin said, the company and Anshan City Construction Investment Development Co., Ltd. signed the "Anshan Urban Landscape Engineering Cooperation Agreement", The agreement is a framework agreement signed between the company and Anshan City Construction Investment Development Co., Ltd.　　In the later stage, it is necessary to sign concrete construction contract, and the contract, amount and duration still have uncertainty. The company further explained that, according to the agreement signed with Anshan City, the project of landscape engineering, Tang Gang Hot Spring City Landscape project, and four sports parks in Anshan were 13 individual projects. The single project design time is April 2010-October, the construction period is to have the construction condition (has the construction drawing and the construction site) 18 months after. According to the arrangement of the agreement, the company organizes the related design personnel to carry out the prophase planning and design work. At present, Anshan project design Progress is good, the company wholly-owned subsidiary of Beijing Oriental Lee Wo Landscape Design Co., Ltd., the shareholding company Beijing East Environmental Landscape Design Research Institute Limited, Beijing Oriental AI Landscape Design Co., Ltd. A total of more than 100 designers are carrying out design work for Anshan project.　　The construction of the project shall be formally carried out after the company has signed a concrete construction contract with party a. Oriental Garden stressed that the agreement for the company and the Anshan City Construction Investment Development Co., Ltd. signed the framework agreement, the latter still need to sign a specific construction project construction contract. The contract, the amount, the time limit is still uncertain, the company will promptly carry out the contract to sign the progress of the implementation of the notice obligation; The agreement of the account receivable period is longer, although the agreement between the parties to clear the liability for breach of duty, but there is still the risk of receivables can not be recovered in time; under the agreement, The project quantity takes the actual occurrence as the benchmark, the final settlement takes the party A to entrust the specialized audit organization to examine, after the two sides confirm. The final settlement amount may therefore be inconsistent with the contract amount.