The Board of Directors of Hua-An wishes to announce that
Yehua, a wholly-owned subsidiary of Hua-An, had entered into a Lease Agreement with XJQ
("Leasee") on 29 January 2016, for the leasing of some of its coking
ovens, namely ovens #1, #2 and #3 and its ancillary facilities located at Yehua to the
Leasee at a lease rental of RMB20.0 million [Renminbi: Twenty Million only
(approximately RM13.0 million)] per annum payable in advance on monthly basis. The lease
shall be for a period of one (1) year commencing 1 February 2016, with an option to
renew subject to mutual agreement between both parties (“the Lease”).
Please refer to the attachment for further details of the Lease.
This announcement is dated 29 January 2016.
Please refer attachment below.
