Oriental Garden Joint venture set up landscape design company

May 5, Oriental Garden (002310) and the company director Li Jianwei signed the "Sino-foreign joint venture contract", to jointly invest 500,000 U.S. dollars, the establishment of Beijing Oriental AI Landscape Design Co., Ltd. to carry out landscape planning and design business, the company and Li Jianwei respectively 250,000 U.S. dollars, each accounted for 50% of the shares. The Board of Directors of the joint Venture company is composed of 5 directors, of whom 2 are appointed by the Oriental Garden, 2 directors are appointed by Li Jianwei, 1 directors are appointed by the management, the Chairman is nominated by the Board of Directors, and the director's term of office is 4 years, and the former appointed party may continue to appoint　　According to the "Joint venture contract" signed by Oriental Garden and Li Jianwei, the actual control of Oriental AI is artificial Li Jianwei, and East AI land is not included in Oriental Garden. For related competition issues, Oriental Garden said, oriental ai Land and Oriental Garden wholly owned subsidiary of Beijing Oriental Lee Wo Landscape Design Co., Ltd. market positioning, Oriental Lee Wo under the park branch and Golf Branch, mainly provide municipal landscape and golf course design, oriental ai land market positioning is mainly planning, vacation landscape engineering design　　Does not constitute a competitive relationship; At the same time, Oriental Garden in the design division set up a coordinating committee to the holding subsidiaries and equity companies of the business of unified arrangements and coordination, can effectively avoid the competition. Oriental Garden said that design for the company's business development has a pivotal position, is a strategic resource, the company design business Development Planning is a multi-brand development strategy, in addition to the establishment of the Orient AI, the company will also explore through mergers and acquisitions, holding, equity participation and other forms, with the domestic and even international top design brand cooperation, Create design groups to strengthen the company's competitive advantage in planning and design.