TigerResearch/tigerbot-earning-plugin huggingface dataset:
Note 4: SIHC sighed equity transfer contract on 100% equity transfer of TK Property with the Company, and the contract stipulated: 1. SIHC promises that the cumulative net profits (net profit after deducting extraordinary items) of TK Property from2019 to 2021 will not be less than 18% of the equity transfer payment amount of this transaction, i.e. three-year cumulative net profits ≥equity transfer payment * 18%. The above net profits are subject to the amount which is confirmed by audited financial report of TK Property. 2. In case three-year cumulative profits of TK Property fails to reach above promised amount, SIHC shall compensate the insufficient part to the Company in full amount by cash. In case three-year cumulative profits (net profit after deducting extraordinary items) of TK Property is more than the promised amount, the Company will not refund. 3. In case SIHC needs to fulfill performance compensation obligation, it shall complete the performance compensation obligation within 30 days after receiving the compensation notice of the Company, and the specific delivery method will be agreed by both parties. In case SIHC delays to pay the performance compensation, it shall pay liquidated damages of 3/10000 of unpaid amount for each day delay. In case of failing to pay for more than 90 days, then Company has the right to cancel the contract. On 27 November 2019, the Company completed the procedures for registration changes in industry and commerce regarding 100% equity transfer of TK Property. According to the Equity Transfer Contract and the audit result on profit or loss of transitional period in the audit report, the final price for this equity transfer was determined bilaterally as RMB1,027,382,513.56.
Note 5: The audit results of Baker Tilly International (Special General Partner) show that, by the end of 2021, the cumulative net profit upon deduction of non-recurring gains and losses of ITC Technology Park Company during the three-year performance commitment period of 2019 - 2021 was RMB212,788,300, and the portion exceeding 18% of transaction equity transfer payment(RMB184,928,900) amounted to RMB27,859,400. The three-year cumulative net profit of the ITC Technology Park Company has reached the promised amount. According to the Equity Transfer Contract, it is unnecessary for SIHC to compensate the Company in cash, and the Company will not return the portion exceeding the promised amount (RMB27,859,400 in total) to SIHC. The three-year cumulative net profit of the ITC Technology Park Company has reached the promised amount. According to the Equity Transfer Contract, it is unnecessary for SIHC to compensate the Company in cash, and the Company will not return the portion exceeding the promised amount (RMB27,859,400 in total) to SIHC. This commitment has already been fulfilled so far.
II Occupation of the Company’s Capital by the Controlling Shareholder or Its Related Parties for Non-Operating Purposes
IV Explanations Given by the Board of Directors Regarding the Latest “Modified Opinion” Issued by the IndependentAuditor
V Explanations Given by the Board of Directors, the Supervisory Board and the Independent Directors (if any) Regarding the IndependentAuditor's “Modified Opinion”on the Financial Statements of the Reporting Period
VI YoY Changes to Accounting Policies and Estimates and Correction of Material Accounting Errors
VII YoYChanges to the Scope of the Consolidated Financial Statements
For the detailed changes to the scope of the Company’s consolidated statements of the Reporting Period, see “Part X Financial Statements”, VIII Changes to the Scope of the Consolidated Financial Statements.
VIII Engagement and Disengagement of IndependentAuditor
Name of the domestic independent auditor| Baker Tilly China Certified PublicAccountants (LLP)
 The Company’s payment to the domestic independent auditor(RMB’0,000)|95
 How many consecutive years the domestic independent auditor has provided audit service for the Company|3 years
 Names of the certified public accountants from the domestic independent auditor writing signatures on the auditor’s report| Chen Zihan, Zhong Qinfang
 How many consecutive years the certified public accountants have provided audit service for the Company| Three years for Chen Zihan, one year for Zhong Qinfang
Indicate by tick mark whether the independent auditor was changed for the Reporting Period.□YesNo
Independent auditor, financial advisor or sponsor engaged for the audit of internal controls:Applicable □Not applicable
In this Reporting Period, the Company engaged Baker Tilly China Certified Public Accountants (LLP) for its internal control audit and paid an internal control audit fee of RMB0.2 million to it for the period.
XIMajor LegalMatters
| Involved|||||| Index to
 General information|(RMB’0,0 amount| Provision| Progress|and effects  Decisions| Execution of| Disclo sure|
|00)||||decisions|date|disclo sed
||| Following|the initial||||inform ation
hearing,|||||a|||
|||disagreement||arose|||
between||||the|two|||
|||parties involved in the|||||
 Arbitration case of property contract dispute between the Fourth Owners' Committee of Shenzhen Nanshan District Software Park (Applicant) and Shenzhen ITC Technology Park Service Co., Ltd. for Software Park Phase I. The Applicant requested an award to the Respondent to return the owners' public revenue and bear the attorney's fees.|||arbitration|over|the|||
amount|||in|question.||||
As a|||result,||they|||
requested||||a third-||||
|||party audit institution|||||
to|||conduct|an audit.||||
 During|||the|second||||
hearing,|1,319.63| Yes|||the| Not yet| Not yet|
|||arbitration|panel||||
inquired||||about|the|||
|||details of the case and the audit report issued|||||
by the||||third-party||||
|||institution.| Our|side|||
provided|||||our|||
|||perspective||in|||
|||response, and we are presently awaiting the|||||
decision||||of|the|||
|||arbitration panel.|||||
 The|||first|instance||||
judgment||||reads|that|||
|||the plaintiff Shenzhen Qitian Sunshine Hotel Management Co., Ltd.|||||
shall|||pay|rent|of|||
||| RMB1,050,913.6||to|||
Shenzhen Qitian Sunshine HotelManagement Co., Ltd. (plaintiff) sued ShenZhen Properties & Resources Development(Group) Ltd. (defendant) for property leasing contract dispute, requesting the defendant to pay compensation for interior decoration of the relocated house and relocation fee of the leased house and to return the subsidy fee of the leased house, etc. the||||defendant||||
||| ShenZhen| Properties||||
&|||| Resources||||
||| Development (Group)|||||
 Ltd.|||within|ten|days|||
from|||the|effective||||
|||date of this judgment. All the claims of the|||||
|1,144| Not| Qitian Sunshine Hotel|||||
plaintiff|||| Shenzhen|| Not yet| Not yet|
||| Management Co., Ltd. were rejected, and the remaining counterclaims|||||
||||of|the|||
defendant|||| Shenzhen||||
 Property||| Development (Group)|||||
 Co.,||| Ltd.||were|||
rejected.|||| Shenzhen||||
||| Qitian Sunshine Hotel Management Co., Ltd.|||||
has|||instituted||an|||
appeal.||| The|case|is|||
currently||||in|the|||
|||second trial stage.|||||
 Summary of other contract disputes|9,870.76| See Part X Financial| See Part X Financial Report-XIV-2||| See Part X Financial Report-XIV-| See Part X Financial Report-|
Report- XIV-2
2 XIV-2
XIVMajor Related-Party Transactions
|Applicable □Not applicable||||| As % of total value of all|||
 Over  Obtainabl| Relation ship| Specif ic transa ction| Pricin g princi ple|||| Approve d transacti|| Index to disclo
 Related party  Type of appro the  Metho d of e market price for|||| Transa ction price| Total value||| Disclo sure date|
transacti on| Compan with the||||||||
line or ved not settle ment same-type transactio ns|y||||(RMB’0 ,000)|transacti same- type|(RMB’0 on line ,000)||inform ation sed
||||||ons||| Annou nceme nt on Signin g Proper ty Mana
 Related- t|||||||||gemen
 Shenzhe n Bay Area Internati onal Hotel Co., Ltd. transacti party ct| Wholly- owned sub- subsidia ry of the Compan y as the parent|||||||| Contra
ons governi ng sales of commod ity and providin g of labors  No  Cash 7,510.10|| Proper ty manag ement servic es| Proper ty manag ement servic es| Proper ty manag ement servic es|7,510.1|4.51%|8,164.58|31 Dece mber2022|with Relate d Party by a Wholl y- owned Subsid iary and Relate d- party Transa ction(No.:
||||||||||||2022-54) disclo sed on Cninf o
 Shenzhe n Bay Technol ogy Develop ment Co., Ltd.  Related- party|||||||||||| Annou nceme nt on Estim ated Contin uing
transacti ons d-| Wholly- owned subsidia ry of the Compan y as the parent| Proper ty manag ement servic es| Proper ty manag ement servic es| Proper ty manag ement servic es|||||||30 March2022| Relate
governi ng sales of commod|||||5,456.24|3.27%|4,100| Yes| Cash|5,456.24||party Transa ctions
providin ity and in||||||||||||2022
g of labors||||||||||||(No.:2022-12) disclo sed on Cninf o
 Hebei Shenbao Investm ent Develop ment Co., Ltd.  Related- party transacti ons governi ng sales of commod ity and providin g of labors| Sub- subsidia ry of the Compan y as the parent| Proper ty manag ement servic es and engine ering servic es| Proper ty manag ement servic es| Proper ty manag ement servic es|3,145.98|1.89%|658.68| Yes| Cash|3,145.98|30 March2022|
Shenzhe n Bay Technol ogy Develop ment Co., Ltd.  Related- party transacti ons governi ng purchas e of commod| Wholly- owned subsidia ry of the Compan y as the parent| Mana gemen t servic es| Marke t princi ple| Agree ment price|8,651.83|6.00%|8,100| Yes| Cash|8,651.83|30 March2022|
ity and providin||||||||||||
 Shenzhe n Shentou Real Estate Develop ment Co.,Ltd. g of labors||||||||||||
 Trustees hip| Wholly- owned subsidia ry of the Compan y as the parent| Truste e manag ement servic es of houses| Marke t| Agree ment price|||||||30 March2022|
|||princi ple||4,405.74|34.41%|7,883.01| No| Cash|4,405.74||
 Total|||--|--|29,169.89|--|28,906.2|--|--|--|--|--
Large-amount sales return in detail|||||||||| N/A||||||
|||||||| The total|amount|of daily related-party transactions of the Company|||in 2022 is expected|||to be
|||||||| RMB262,399,800, and the actual total amount is RMB330,527,800. The mainly reason for the difference is that: during the Reporting Period, the Company completed the acquisition of five enterprises which||||||||
 Give the actual situation in the Reporting||||||||caused the changes in the scope of consolidated financial||||statements of the Company.|||| The five
 Period (if  Shenzhen  Property  Ltd.,||any)|where|an|estimate||had|enterprises|are| Management| Co.,| Shenzhen| Foreign|| Trade| Property
been|made|for|the|total||value|of|||||||||
continuing||related-party||transactions|||by| Management Co., Ltd., Shenzhen Shenfubao Property Development Co., Ltd., Shenzhen Shenfubao Hydropower Municipal Service Co., Ltd. and Shenzhen Free Trade Zone Security Service Co., Ltd. The total amount of daily related-party transactions conducted by above five enterprises and SIHC as well as||||||||
type to occur in the Reporting Period||||||||||||||||
companies is  RMB82,011,900. please||||||||its subordinate|| For|details,|refer|to|the| Announcement|on
 Reason|for|any|significant|||difference|| Estimated Continuing Related-party Transactions in 2023 disclosed on the same day of this report.||||||||
between|the|transaction|||price|and|the||| N/A||||||
market reference price (if applicable)||||||||||||||||
2. Related-Party Transactions Regarding Purchase or Sales ofAssets or Equity Interests
3. Related-Party Transactions Regarding Joint Investments in Third Parties
4. Credits and Liabilities with Related Parties
Indicate by tick mark whether there were any credits and liabilities with related parties for non-operating purposes.Yes □No
Related party| Relations hip with the Company||||| Capital occupatio| Beginnin g balance(RMB’0,000)| Amount newly added in current period| Amount received in current period|| Current interest(RMB’0,000)| Ending balance(RMB’0,000)
||||| Reason|n for non- operating|||| Interest rate||
| The parent company|||||purposes(yes/no)||(RMB’0,0 00)|(RMB’0,0 00)|||
|of||the| Business circulatin||||||||
 Shenzhen Xinhai Holdings Co., Ltd.|subsidiary Rongyao Real Estate’s minority sharehold|||g|funds|||||||
||||before acquisitio n|| No|40,150.00||20,000.00|||20,150.00
|er| Xinhai||||||||||
| Rongyao|||||||||||
 Shenzhen Xinhai Rongyao Real Estate Develop| Minority sharehold||| Business circulatin||||||||
|er|of|the|g|funds|||||||
|subsidiary Rongyao Real|||before acquisitio n|| No|33,047.29|||||33,047.29
ment Co., Ltd.
Influence on the
Company’s
operating results and
financial condition
All were within the risks control of the Company and not influenced the operating results and the financial conditions.
Related party| Relation with the Company| Formation reason| Beginning balance| Amount newly added in current| Amount returned in current| Interes t rate| Current interest| Ending
|||(RMB’0,0 00)|(RMB’0,00 period|(RMB’0,00 period||(RMB’0,0 00)|(RMB’0,00 balance
 Shenzhen Jifa Warehouse Co., Ltd.||||0)|0)|||0)
| Joint vent ure| Intercours e funds|3,879.67|350.00||||4,229.67
 Shenzhen Tian’an International Building Property Management Co., Ltd.| Joint vent ure| Intercours e funds|521.43|||||521.43
 Influence on the Company’s| All were within the risks control of the Company and not influenced the operating results and the financial|||||||
operating results and financial condition
7. OtherMajor Related-Party Transactions
At the 14th Meeting of the 10th Board of Directors held on 23 December 2022, the Company reviewed and approved the Proposal on the Signing of the Agreement and Related-party Transactions between a Wholly-owned Subsidiary and a Related Party. Shenzhen SZPRD Yanzihu Development Co., Ltd. (hereinafter referred to “Yanzihu Company”), a wholly-owned subsidiary of the Company, intends to enter into an agreement with Shenzhen Tianjun Industrial Co., Ltd. (hereinafter referred to as “Tianjun Company”, a subordinate company of the controlling shareholder SIHC’s wholly-owned subsidiary China Shenzhen Foreign Trade(Group) Corp. Ltd. on a voluntary, equal and consensual basis. To successfully promote the urban renewal project of Tianjun Industrial Park in Pingshan District, Shenzhen (hereinafter referred to as “Project”), Tianjun Company plans to leave the lands and properties of Tianjun Industrial Park held by it (hereinafter referred to as “Subject Assets”) to the management of Yanzihu Company in advance. And Yanzihu Company agreed to pay RMB27 million to Tianjun Company as one part of the overall relocation compensation and resettlement fee of the Project. No transfer of ownership of any assets will occur in this transaction and Yanzihu will take over the park to facilitate the development of the Project.
| Announcement|||||| Disclosure time| Disclosure website
 Announcement|on|the|| Signing|of|the||
 Agreement|and||| Related-party|||24 December 2022|http://www.cninfo.com.cn
 Transactions|between||a| Wholly-owned||||
 Subsidiary and a Related Party||||||||
XVMajor Contracts and Execution thereof
2.Major guarantees
Guarantees provided by the Company as the parent and its subsidiaries for external parties (exclusive of those for subsidiaries)|||||||||
 Obligor  Guarante e for a related| Disclosu re date of the guarante e line announc ement| Line of guarante e| Actual occurren ce date| Actual guarante e amount| Type of guarante e| Collatera l (if any)| Counter guarante e (if any)| Term of guarante e| Having expired or not
party or not|||||||||
||| Guarantees provided by the Company for its subsidiaries||||||
 Obligor  Guarante e for a| Disclosu re date of the guarante e line announc ement| Line of guarante e| Actual occurren ce date| Actual guarante e amount| Type of guarante e| Collatera l (if any)| Counter guarante e (if any)| Term of guarante e| Having expired or not
related|||||||||
party or not|||||||||
 Shenzhe n Rongyao|18||27||| Security deposit||27|
 Yes| October 2019|500,000| Novemb er 2019|299,940|||| Novemb er 2019| No
Estate Develop ment Co., Ltd.||||||||||||| Novemb er 2024||
 Total||approved||line||| Total actual balance of such guarantees at||||||||
for|such|guarantees|||||||||||||
at|the|end|of|the||500,000|the|end|of|the|||||299,940
 Reporting||| Period|||| Reporting||| Period|||||
(B3)|||||||(B4)||||||||
||| Disclosu re date of the guarante e line announc ement||| Guarantees provided between subsidiaries||||||||| Guarante
Obligor||||| Line of guarante e| Actual occurren ce date| Actual guarante e amount|| Type of guarante e|| Collatera l (if any)| Counter guarante e (if any)| Term of guarante e|expired  Having|related e for a
||||||||||||||or not|party or not
||||| Total guarantee amount (total of the three kinds of guarantees above)||||||||||
 Total|||approved|||| Total|||actual|||||
guarantee line at the end of the Reporting Period (A3+B3+C3)|||||||guarantee balance at||||||||
||||||500,000|the|end|of|the|||||299,940
||||||| Reporting||| Period|||||
Total actual guarantee amount (A4+B4+C4) as % of the Company’s net assets|||||||(A4+B4+C4)||||||||67.97%
 Of which: Balance of debt guarantees provided directly or indirectly for obligors with an over 70% debt/asset ratio (E)|||||||||||||||299,940
 Total of the three amounts above (D+E+F)|||||||||||||||299,940
Compound guarantees:
3. Cash Entrusted to Other Entities forManagement
(1) Cash Entrusted forWealthManagement
4. OtherMajor Contracts
(I)Matters on winning of the bid for land use right
On 18 February 2022, the Company and Yangzhou Lvfa Real Estate Co., Ltd., by joint bidding, won the state-owned land use right of No. GZ342 land plot in Pingshan Township, Yangzhou at a price of RMB835,352,910 in the online listing auction of state-owned construction land use right in Yangzhou. For details, see the Announcement on Winning of the Bid for Land Use Right (Announcement No.: 2022-02) disclosed by the Company on Cninfo (www.cninfo.com.cn) on 19 February 2022.
(II)Matters on appointment of senior managers of the Company
The Company held the Sixth Meeting of the 10th Board of Directors on 21 February 2022, where the Proposal on Appointment of General Manager of the Company, the Proposal on Appointment of Deputy General Manager and Officer in Charge of Finance of the Company and the Proposal on Appointment of Chief Financial Officer of the Company were reviewed and approved, and the Board of Directors agreed to appointMr.Wang Hangjun as general manager of the Company, Mr. Chen Hongji, Ms. Cai Lili, Mr. Li Peng and Mr. Zhang Gejian as deputy general managers of the Company, with Ms. Cai Lili concurrently serving as officer in charge of finance of the Company, and Ms. Shen Xueying as chief financial officer of the Company. The term of office of the senior managers above starts from the date of review and approval at the SixthMeeting of the 10th Board of Directors and expires on the date of expiration of the term of office of the 10th Board of Directors. For details, see the Announcement on Appointment of Senior Managers of the Company (Announcement No.: 2022-04) disclosed by the Company on Cninfo (www.cninfo.com.cn) on 22 February 2022.
(III)Matters on changes of directors and supervisors of the Company
During the Reporting Period, Mr. Wei Xiaodong, a director of the Company, applied for resignation from the position of non- independent director and staff representative director of the 10th Board of Directors for reason of job transfer; Mr. Dai Xianhua, a supervisor of the Company, applied for resignation from the position of supervisor and chairman of the Board of Supervisors for reaching the statutory retirement age. The Company held the Congress of Workers and Staff on 29 June 2022, where Mr. Zhang Zhimin was elected as staff representative director of the 10th Board of Directors of the Company, whose term of office shall expire upon expiration of the term of office of the 10th Board of Directors. The Company held the Seventh Meeting and Eighth Meeting of the Tenth Board of Supervisors respectively on 4 July 2022 and 20 July 2022, and held the General Meeting of Shareholders on 20 July 2022, whereMr. Ma Hongtao was elected as supervisor and chairman of the Board of Supervisors, whose term of office shall expire upon expiration of the term of office of the 10th Board of Supervisors. For details, see the Announcement on Resignation of Directors and Election of Staff Representative Director (Announcement No.: 2022-20), Announcement on Proposed Change of Supervisors of the Company (Announcement No.: 2022-29) and Announcement on Election of Chairman of the Board of Supervisors (Announcement No.: 2022-33) disclosed by the Company on Cninfo(www.cninfo.com.cn) respectively on 30 June 2022, 5 July 2022 and 21 July 2022.
(IV) Matters on progress of acquisition by the wholly-owned subsidiary of 100% equity in Shenzhen Property Management Co., Ltd., three enterprises owned by Shenzhen Shenfubao (Group) Co., Ltd. and Shenzhen Foreign Trade PropertyManagement Co., Ltd., and progress of relevant connected transactions
During the Reporting Period, all relevant procedures for industrial and commercial change registration were handled and the Notice of Change (for Recordation) approved by Shenzhen Market Supervision Administration was obtained for acquisition by Shenzhen International Trade Center Property Management Co., Ltd. (a wholly-owned subsidiary of the Company) of 100% equity in Shenzhen Property Management Co., Ltd., Shenzhen Shenfubao Property Development Co., Ltd., Shenzhen Shenfubao Hydropower Municipal Service Co., Ltd., Shenzhen Free Trade Zone Security Service Co., Ltd. and Shenzhen Foreign Trade Property Management Co., Ltd. The equity transfer fund was paid upon the special audit by Baker Tilly China Certified Public Accountants (LLP). Since then, the acquisition of 100% equity in Shenzhen Property Management Co., Ltd., three enterprises owned by Shenzhen Shenfubao (Group) Co., Ltd. and Shenzhen Foreign Trade PropertyManagement Co., Ltd. as well as related- party transactions have been officially completed. For details, see the Announcement on Progress of Acquisition by the Wholly- owned Subsidiary of 100% Equity in Shenzhen Property Management Co., Ltd. and Progress of Relevant Connected Transactions(Announcement No.: 2022-01), Announcement on Progress of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Three Enterprises Owned by Shenzhen Shenfubao (Group) Co., Ltd. and Progress of Relevant Connected Transactions(Announcement No.: 2022-05), Announcement on Progress of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Foreign Trade Property Management Co., Ltd. and Progress of Relevant Connected Transactions (Announcement No.:2022-06), Announcement on Completion of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Three Enterprises Owned by Shenzhen Shenfubao (Group) Co., Ltd. and Progress of Relevant Connected Transactions (Announcement No.: 2022-39) and Announcement on Completion of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Foreign Trade Property Management Co., Ltd. and Progress of Relevant Connected Transactions (Announcement No.: 2022-40) disclosed by the Company on Cninfo (www.cninfo.com.cn) respectively on 15 February 2022, 25 February 2022 and 26 September 2022.
(V)Matters on the holding subsidiary winning the bid of the land use right
In the Reporting Period, the Company's subsidiary, Yangzhou Wuhe Real Estate Co., Ltd, successfully secured state-owned land use rights for Plot GZ399 in Pingshan Township, Yangzhou City. The acquisition was made through an online public bidding on the state-owned construction land use rights platform of Yangzhou City, with a transaction price of RMB179,175,420. This strategic purchase will effectively bolster the company's land reserve and provide valuable resources to further advance its industrial and urban development strategies in a sustainable manner. Additional information on this transaction can be found in the"Announcement on the Subsidiary's Winning of Land Use Rights" (Announcement No. 2022-47), which was published by the company on 17 November 2022, on the CNINFO website.