Oriental Garden sign 1.2 billion landscape project

Oriental Garden (002310) today, the company September 6 and Benxi Economic and technological Development zone CMC in Hong Kong signed the "Shenxi New Town Landscape Engineering framework cooperation Agreement." The agreement construction project for the Shenxi New Town Landscape Project, the main contents include: Health City core landscape project, green area of about 1.4 million square meters, Forest City Park landscape Engineering, green area of about 700,000 square meters, CBD core landscape project, green area of about 1.5 million square meters.　　The three major projects are expected to invest about $1.2 billion. According to the introduction, Shenxi New Town Landscape engineering project for landscape design construction general contracting, including earthwork topography, civil engineering, hydropower, sound, lighting, garden sketch, fountain, garden planting, pavilions, docks, Plank Road, Square, water curtain film, corridor and other project design scope of the entire content. In respect of the payment of the purchase price, the landscape works covered by the Agreement shall be paid for the completion and acceptance of individual or sectional works, and for the payment by instalments of individual or sectional works. According to the agreement, the construction period according to the project progress of 50% appropriation of the project, the remaining 50% of the project, in the completion of the final project audit, the two sides to determine the total price of the project, divided into 3 years to allocate.　　Source of funds for Benxi Economic and technological Development zone revenue, land transfer fund, urban construction capital and other sources. Oriental Garden said that the implementation of the agreement will have a positive impact on the company's operating performance in 2011 and 2012.　　The total amount of the agreement is about 1.2 billion yuan, which is 2.05 times times 584 million yuan for the company's audited operating income in 2009. Given that the agreement is a framework agreement, the implementation of the specific operation is subject to the formal contract signed.　　Therefore, the contract signing time, amount, duration is still uncertain, Oriental Garden Company will timely contract signing progress in fulfilling the obligation to announce. In addition, Oriental garden today also announced that because of public media information on the company, the company will be verified by media reports, in order to avoid causing stock price fluctuations to protect the interests of investors, the Shenzhen Stock Exchange, the company's shares on September 7, 2010, the opening of the suspension, After the company through the designated Information Disclosure Media Disclosure clarification announcement after the card.