Futian Auto receives 16.88 million U.S. dollars foreign orders

Fukuda Motor (600166) announcement, recently, the company (seller) and India Ashok LEYLAND Ltd. (buyer) signed 750 Fukuda Europe v passenger car (chassis KD) Sales contract, the number of 750 units, the unit price of 22,500 U.S. dollars, the total contract amount of 16,　　875,000 dollars.　　The parties agree that the goods are delivered on FOB basis (on board delivery), where the buyer is responsible for sending the goods, the seller shall, within the loading port and the stipulated time limit stipulated in the contract, load the goods on the vessel designated by the buyer and inform the buyer in time that the goods crossed the ship's rail at the time of shipment and the risk is transferred from the seller to the buyer. Fukuda will hand over the goods to the buyer within 150 days after the commencement of the contract. Payment method for the whole, 100% by circular letter of credit, the amount of 1,800,000 dollars per cycle, a total of 9 cycles.　　1 times in a 675,000 dollar cycle. Fukuda said that at present, according to the contract has received 1,800,000 U.S. dollars revolving letter of credit. After the successful implementation of the contract, will help the company's European v passenger car in the overseas market further promotion.