Sanyang Industry Supplement Announcement on its Subsidiary Xiamen Xiangxing Motorcycle Co., Ltd.'s Announcement of Building, Factory, and Warehouse Construction through Land Lease and Build-to-Order Method
Sanyang Industry's subsidiary, Xiamen Xiangxing Motorcycle Co., Ltd., has issued a supplementary announcement regarding the construction of buildings, factories, and warehouses on leased land. The total project cost is estimated at RMB 1.106 billion, with existing contract amounts totaling RMB 182,713,790.12 for operational use.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 09:00
- 🔍 Collected: May 7, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 7, 2026 at 08:09 (9 min after Collected)
1. Contract type: Land lease and build-to-order
2. Date of occurrence of the event: 2025/6/4~2026/5/6
3. Date of board of directors' approval: March 8, 2024
4. Other approval dates: Not applicable
5. Counterparties and their relationship with the company:
Counterparties: Hailian Tianfeng Construction Co., Ltd., Fujian Yuhe Construction Engineering Co., Ltd., Fujian Mindong Jian Gong Holdings Group Co., Ltd., and 17 other companies
Relationship with the company: All are non-related parties
6. Main content of the contract (including total contract amount, estimated amount of participation, and contract start and end dates), restrictive clauses, and other important agreements:
Xiamen Xiangxing Motorcycle Co., Ltd. has obtained board approval to construct buildings, factories, and warehouses through a land lease and build-to-order method, with an estimated total amount of RMB 1.106 billion.
The following are the related contracts for this project:
(1) Total contract amount: RMB 182,713,790.12 (cumulative total contract amount during the aforementioned period of occurrence)
(2) Restrictive clauses and other important agreements: None
7. Name of professional valuation firm or company and their valuation results: Not applicable
8. Appraiser's name: Not applicable
9. Appraiser's license number: Not applicable
10. Specific purpose of acquisition: For operational use
11. Opinions of directors who expressed dissent on this transaction: No
12. Is this transaction a related party transaction: No
13. Date of approval by supervisors or audit committee: Not applicable
14. Is the appraisal report a limited price, specific price, or special price: No or not applicable
15. Has the appraisal report not yet been obtained: No or not applicable
16. Reason for not yet obtaining the appraisal report: Not applicable
17. If there is a significant difference in the appraisal results, the reasons for the difference and the CPA's opinion: Not applicable
18. Name of accounting firm: Not applicable
19. CPA's name: Not applicable
20. CPA's license number: Not applicable
21. Date of previous material information announcement on the same event: Not applicable
22. Other matters to be specified: None
2. Date of occurrence of the event: 2025/6/4~2026/5/6
3. Date of board of directors' approval: March 8, 2024
4. Other approval dates: Not applicable
5. Counterparties and their relationship with the company:
Counterparties: Hailian Tianfeng Construction Co., Ltd., Fujian Yuhe Construction Engineering Co., Ltd., Fujian Mindong Jian Gong Holdings Group Co., Ltd., and 17 other companies
Relationship with the company: All are non-related parties
6. Main content of the contract (including total contract amount, estimated amount of participation, and contract start and end dates), restrictive clauses, and other important agreements:
Xiamen Xiangxing Motorcycle Co., Ltd. has obtained board approval to construct buildings, factories, and warehouses through a land lease and build-to-order method, with an estimated total amount of RMB 1.106 billion.
The following are the related contracts for this project:
(1) Total contract amount: RMB 182,713,790.12 (cumulative total contract amount during the aforementioned period of occurrence)
(2) Restrictive clauses and other important agreements: None
7. Name of professional valuation firm or company and their valuation results: Not applicable
8. Appraiser's name: Not applicable
9. Appraiser's license number: Not applicable
10. Specific purpose of acquisition: For operational use
11. Opinions of directors who expressed dissent on this transaction: No
12. Is this transaction a related party transaction: No
13. Date of approval by supervisors or audit committee: Not applicable
14. Is the appraisal report a limited price, specific price, or special price: No or not applicable
15. Has the appraisal report not yet been obtained: No or not applicable
16. Reason for not yet obtaining the appraisal report: Not applicable
17. If there is a significant difference in the appraisal results, the reasons for the difference and the CPA's opinion: Not applicable
18. Name of accounting firm: Not applicable
19. CPA's name: Not applicable
20. CPA's license number: Not applicable
21. Date of previous material information announcement on the same event: Not applicable
22. Other matters to be specified: None