CONNECTED TRANSACTIONSConnected Transactions • June 23rd, 2010
Contract Type FiledJune 23rd, 2010Our Group has entered into certain agreements with each of Pufa Power Co., Ltd. (普發電源有限公司) (“Pufa Power”), Henan Yifeng Electric Bikes Manufacturing Co., Ltd. (河南屹峰電動車製造有限公司) (“Henan Yifeng E-bikes”), and Changxing Xiante Plastics Co., Ltd. (長興先特塑業有限公司) (“Changxing Xiante”) which will become, or, for prudence sake and enhancement of corporate governance, shall be regarded as connected persons of our Company upon Listing. Transactions under such agreements of a continuing nature between our Group, and each of Pufa Power, Henan Yifeng E-bikes, and Changxing Xiante will constitute continuing connected transactions of our Company under Rule 14A.35 of the Hong Kong Listing Rules. Details of such agreements and such continuing connected transactions are set out below.