Supplementary Agreement
Exhibit 4.17
Agreement No.: YXZG-YY-HLGG20230102-02
Party A: Yingxuan Heavy Industry Co., Ltd
Party B: Shandong Hongli Special Section Tube Company Limited
Whereas on January 1, 2021, Party A and Party B entered into two Asset Transfer Agreements (Agreement No. YXZG-YY-HLGG20210101-02 and YXZG-YY-HLGG20210101-04) and one Agreement (Agreement No. YXZG-YY-HLGG20210101-03) in relation to the Asset Transfer Project, Party A and Party B have reached the following Supplementary Agreement through voluntary consultation in relation to the above three agreements (hereinafter referred to as the “Original Agreements”):
1.The Original Agreements were signed on January 1,2021, totaling 125004422.84 yuan.
2. The interest involved in the Original Agreements will not be accrued due to the delay in the progress of asset transfer between Party A and Party B caused by the impact of the epidemic in 2021 and 2022.
3. After communication between the two parties, the total price of the assets agreed in the Original Agreements is adjusted from 125,004,422.84 yuan to 151,372,196.93 yuan (at the same time, Party A and Party B agreed that, in relation to the parcel of land located east of Baochang Road, north of North Outer Ring Street, west of Changle County Keyuan Paper Co., Ltd. and south of Shijiazhuang Street, with a total area of 183,625 square meters, the compensation for demolition and relocation that needs to be returned by the government departments involved shall belong to Party B when the government departments return it later.)
4. As of May 5, 2023, Party B has paid Party A a total of 109,599,543.53 yuan, of which the total price of properties and land use rights that Party A has transferred to Party B totaled 85,207,329.32 yuan and the overpayment by Party B is 2,439,214.21 yuan (the total amount of Party B’s untransferred assets is 66,164,867.62 yuan. After deducting the overpayment of 24,392,214.21 yuan by Party B, the outstanding amount totals 41,772,653.41 yuan)
5. After Party A receives the remaining balance payment of 41,772,653.41 yuan from Party B, Party A shall cooperate with Party B to complete the delivery procedures of the remaining properties within 30 days, at which time Party B will have the actual ownership and control of the property and land use rights.
6.The details of the land use rights and the above-ground buildings and equipment involved under the above Agreements are set out in Annex 1 hereto.
7. If any discrepancies arise between the actual delivery and the details stipulated in Appendix 1 of this Agreement in the future, both parties shall separately negotiate the consideration corresponding to the discrepancies.
8. Any disputes arising from the performance of this Agreement shall be settled through friendly negotiation. If the negotiation fails, either party may apply to the people’s court of the place where party A is located for litigation.
9. This Agreement will take effect upon being signed and sealed by both parties. This Agreement is made in duplicate, with each party holding one copy.
Party A:Yingxuan Heavy Industry Co., Ltd
(seal) :
Legal (authorized) Representative (signature):
Party B: Shandong Hongli Special Section Tube Company Limited
(seal) :
Legal (authorized) Representative (signature):
Time of Signing: May 5, 2023
2
Annex 1:
Details of housing buildings and structures of untransferred projects (on unlicensed land)
| No. | Name of Fixed Assets | Unit | Area of the property | Selling Price (including taxes, fees) | Notes | |||||
| 1 | Building walls of the supporting industrial park | meter | 1384.89 | 783418.42 | unlicensed | |||||
| 2 | Building walls of the supporting industrial park | meter | 660.00 | 290400.00 | unlicensed | |||||
| 3 | North Gate Guard Room of the supporting industrial park | ㎡ | 35.00 | 349579.98 | unlicensed | |||||
| 4 | North Gate of the supporting industrial park | 42098.20 | unlicensed | |||||||
| 5 | Bicycle shed of the supporting industrial park | ㎡ | 126.60 | 37800.00 | unlicensed | |||||
| 6 | Roads of the supporting industrial park | ㎡ | 28652.02 | 4154542.90 | unlicensed | |||||
| 7 | Public place of the supporting Industrial Park | 3380934.09 | unlicensed | |||||||
| 8 | Entrance ditch of the supporting industrial park | 135501.50 | unlicensed | |||||||
| 9 | Supporting Industrial Park 1 # plant | 14285.78 | unlicensed | |||||||
| 10 | Supporting Industrial Park 10 # plant | 24118.96 | unlicensed | |||||||
| 11 | Supporting Industrial Park Plaza | ㎡ | 19728.74 | 2564736.20 | unlicensed | |||||
| 12 | Supporting Industrial Park 9 # factory side shed | ㎡ | 2069.25 | 475927.56 | unlicensed | |||||
| Total | 12253343.59 |
Details of untransferred project land (unlicensed land)
| No. | Information of Plot | Land area（㎡） | Selling
Price (including taxes and fees) |
Notes | ||||
| 1 | Unlicensed land | 183625 | 53,911,524.03 | |||||
| Total | 53,911,524.03 |
3
Details of the buildings and structures of the transferred project (on licensed land)
| No. | Name of the Assets | Asset unit | Number of assets |
Price (including tax) | Notes | |||||
| 1 | Blending Workshop | ㎡ | 1874.00 | 1,612,931.62 | ||||||
| 2 | Finished goods warehouse | ㎡ | 990.00 | 843,856.20 | ||||||
| 3 | Coolant Workshop | ㎡ | 174.00 | 109,623.48 | ||||||
| 4 | Office | ㎡ | 100.75 | 63,474.52 | ||||||
| 5 | Fireproof system | 406,878.83 | ||||||||
| 6 | Plant ground | ㎡ | 4624.68 | 730,930.67 | ||||||
| 7 | Fireproof water sink | cubic meter | 1512.00 | 440,142.00 | ||||||
| 8 | Accident liquid storage pool | cubic meter | 10750.00 | 602,470.44 | ||||||
| 9 | Supporting Industrial Park 9 # factory buildings | ㎡ | 2026.50 | 1,276,735.53 | ||||||
| 10 | Supporting Industrial Park 9 # plant | ㎡ | 13924.02 | 11,469,884.74 | ||||||
| 11 | Supporting Industrial Park 4 # plant | ㎡ | 7763.43 | 7,572,205.43 | ||||||
| 12 | Supporting Industrial Park 4 # factory buildings | ㎡ | 2026.50 | 1,276,735.53 | ||||||
| 13 | Supporting Industrial Park 2 # factory buildings | ㎡ | 1351.00 | 851,157.02 | ||||||
| 14 | Supporting Industrial Park 2 # plant | ㎡ | 7763.43 | 7,403,255.43 | ||||||
| 15 | Supporting Industrial Park 7 # factory buildings | ㎡ | 1351.00 | 851,157.02 | ||||||
| 16 | Supporting Industrial Park 7 # plant | ㎡ | 13924.02 | 13,048,311.65 | ||||||
| Total | 48,559,750.11 | |||||||||
Details of the buildings and structures of the transferred project (on licensed land)
| No. | Project Name | Gross floor area (㎡) |
Unit Price | Price (including tax) | Notes | |||||
| 1 | Entrance ditch of the supporting industrial park | 60 meters | 135,501.50 | |||||||
| 2 | Switchboard | 16 | 141,817.27 | |||||||
| 3 | Dry-type transformer | 1 | 43,589.74 | |||||||
| 4 | Electric door | 37,904.00 | ||||||||
| 5 | Low-voltage capacitor cabinet | 1 | 20,341.88 | |||||||
| 6 | Low voltage outlet cabinet | 2 | 12,393.16 | |||||||
| 7 | Sewage tank | 2,505,644.09 | ||||||||
| 8 | Brick walls | 1384.89 | 565.69 | 783,418.42 | ||||||
| 9 | Cast-iron courtyard wall | 660 | 440.00 | 323,089.64 | ||||||
| 10 | Membrane shed | 126.00 | 135,501.50 | |||||||
| Total | 4,139,201.20 | |||||||||
Details of the transferred project land of Ensign Heavy Industries (on licensed land)
| No. | Plot Information | Land area (㎡) | Untaxed value of assets | Price (including tax) | |||||
| 1 | Plot 1 | 15331 | 5519160.00 | 6015884.40 | |||||
| 2 | Plot 2 | 67514 | 24305040.00 | 26492493.60 | |||||
| Total | 29824200.00 | 32508378.00 | |||||||
4
