The following is an announcement of Canondi Road Garment Co., Ltd. of Guangzhou regarding the signing of the brand agency contract.
Due to the development of the company's business, the company has signed the "China Agencies Agreement for SIEG and SIEG FAHRENHEIT Brands" with Shinwon Corporation of Korea. The main contents of the contract are as follows:
I. Contract Risk Warning
1. Conditions for the entry into force of the contract: The parties sign and seal the contract and take effect.
2, the contract period: from December 11, 2012 to August 31, 2028.
3. Significant risks and significant uncertainties in the contract: The promotion of SIEG and SIEG FAHRENHEIT brand in China and the construction of marketing channels.
Investors are advised to pay attention to investment risks.
Second, the parties to the contract
1, the basic situation
Company Name: Shinwon Corporation (Chinese translation: Korea (strain) letter yuan);
The company is registered in the 532th Peach Blossom Cave, Mapo District, Seoul, South Korea.
Legal representative: KIM JUNG PYO;
Registered capital: 31,697,055,000 won;
Business Scope: Retail trade (except national franchise);
There is no affiliation between Korea Corp. and its companies.
2. Analysis of contractual performance: Through various communication and understanding, South Korea's (Shenzhen) Co., Ltd. has a good operating and financial status, and has strong performance capabilities.
Third, the main content of the contract
1. The subject of the contract: The company has exclusive sales rights for the "SIEG" and "SIEG FAHRENHEIT" brands in all regions of the People's Republic of China, including Hong Kong and Macau.
2. Contract signing time: December 11, 2012.
3. Contract period: From the effective date of the contract to August 31, 2028. If the company fulfills its obligations in accordance with the contract, it may request the other party to extend the five-year performance deadline by 12 months before the expiry date. Without special circumstances, the duration of the contract will be automatically extended.
4. Conditions for the entry into force of the contract: This contract will take effect after the parties sign and seal.
5. Transfer of the contract: According to the contract, the company will authorize the company's holding subsidiary, Hangzhou Lianka Hengfu Brand Management Co., Ltd. to carry out management on the "SIEG" and "SIEG FAHRENHEIT" brands.
6. Liability for breach of contract: In case of breach of contract, the corresponding liability for damages shall be borne by the corresponding clauses of the contract.
7. Arbitration Clause: The contract stipulates that disputes, disputes or opinions between the parties to the contract shall be settled through arbitration in the State of the respondent.
Fourth, the main impact of the contract on listed companies
1. The Korean company Keiyuan was established in 1973. It is based on its excellent manufacturing capabilities and pursues continuous high-end development. It is the leading Asian fashion industry. Its "SIEG" and "SIEG FAHRENHEIT" brands are self-developed and designed high-fashion menswear brands, which have opened about 80 stores in South Korea. The channels are distributed in many high-end department stores in South Korea, including Lotte Department Store and New Century Department Store. Hyundai Department Stores, etc.; has also opened 11 stores in Mainland China (according to the contract, the company will undertake the March 1, 2013). Among them, SIEG is a casual fashion brand launched for white-collar men in the workplace. Modern, stylish and implicit design is deeply loved by young men. SIEG FAHRENHEIT is the first high-ranking male brand in South Korea. The United States has widely won the recognition of urban men who enjoy the fashion trend and love simple, concise style. By acting on the above brands, it can effectively fill the market gap of the company's own brand CANUDILO. At the same time, the company can use its excellent marketing channel management capabilities to turn these brands into new business growth points.
2. The signing of this contract will not have a significant impact on the current operating income and financial status of the company. At the same time, given the uncertainties in the brand promotion and marketing channel construction of the SIEG and SIEG FAHRENHEIT brands in the Chinese market, they need to be determined according to the future market environment. Here, investors are requested to pay attention to investment risks.
3. The performance of this contract will not affect the independence of the company's business, and the company will not rely on the formation of the Korean company's creditor due to the performance of this contract.
V. Other related instructions
1. The company will timely disclose the performance of this contract in the regular report;
2, for reference documents: "SIEG and SIEG FAHRENHEIT brand in China general agency agreement."
Canoudi Road Fashion Co., Ltd. Guangzhou Board of Directors
December 13, 2012
I. Contract Risk Warning
1. Conditions for the entry into force of the contract: The parties sign and seal the contract and take effect.
2, the contract period: from December 11, 2012 to August 31, 2028.
3. Significant risks and significant uncertainties in the contract: The promotion of SIEG and SIEG FAHRENHEIT brand in China and the construction of marketing channels.
Investors are advised to pay attention to investment risks.
Second, the parties to the contract
1, the basic situation
Company Name: Shinwon Corporation (Chinese translation: Korea (strain) letter yuan);
The company is registered in the 532th Peach Blossom Cave, Mapo District, Seoul, South Korea.
Legal representative: KIM JUNG PYO;
Registered capital: 31,697,055,000 won;
Business Scope: Retail trade (except national franchise);
There is no affiliation between Korea Corp. and its companies.
2. Analysis of contractual performance: Through various communication and understanding, South Korea's (Shenzhen) Co., Ltd. has a good operating and financial status, and has strong performance capabilities.
Third, the main content of the contract
1. The subject of the contract: The company has exclusive sales rights for the "SIEG" and "SIEG FAHRENHEIT" brands in all regions of the People's Republic of China, including Hong Kong and Macau.
2. Contract signing time: December 11, 2012.
3. Contract period: From the effective date of the contract to August 31, 2028. If the company fulfills its obligations in accordance with the contract, it may request the other party to extend the five-year performance deadline by 12 months before the expiry date. Without special circumstances, the duration of the contract will be automatically extended.
4. Conditions for the entry into force of the contract: This contract will take effect after the parties sign and seal.
5. Transfer of the contract: According to the contract, the company will authorize the company's holding subsidiary, Hangzhou Lianka Hengfu Brand Management Co., Ltd. to carry out management on the "SIEG" and "SIEG FAHRENHEIT" brands.
6. Liability for breach of contract: In case of breach of contract, the corresponding liability for damages shall be borne by the corresponding clauses of the contract.
7. Arbitration Clause: The contract stipulates that disputes, disputes or opinions between the parties to the contract shall be settled through arbitration in the State of the respondent.
Fourth, the main impact of the contract on listed companies
1. The Korean company Keiyuan was established in 1973. It is based on its excellent manufacturing capabilities and pursues continuous high-end development. It is the leading Asian fashion industry. Its "SIEG" and "SIEG FAHRENHEIT" brands are self-developed and designed high-fashion menswear brands, which have opened about 80 stores in South Korea. The channels are distributed in many high-end department stores in South Korea, including Lotte Department Store and New Century Department Store. Hyundai Department Stores, etc.; has also opened 11 stores in Mainland China (according to the contract, the company will undertake the March 1, 2013). Among them, SIEG is a casual fashion brand launched for white-collar men in the workplace. Modern, stylish and implicit design is deeply loved by young men. SIEG FAHRENHEIT is the first high-ranking male brand in South Korea. The United States has widely won the recognition of urban men who enjoy the fashion trend and love simple, concise style. By acting on the above brands, it can effectively fill the market gap of the company's own brand CANUDILO. At the same time, the company can use its excellent marketing channel management capabilities to turn these brands into new business growth points.
2. The signing of this contract will not have a significant impact on the current operating income and financial status of the company. At the same time, given the uncertainties in the brand promotion and marketing channel construction of the SIEG and SIEG FAHRENHEIT brands in the Chinese market, they need to be determined according to the future market environment. Here, investors are requested to pay attention to investment risks.
3. The performance of this contract will not affect the independence of the company's business, and the company will not rely on the formation of the Korean company's creditor due to the performance of this contract.
V. Other related instructions
1. The company will timely disclose the performance of this contract in the regular report;
2, for reference documents: "SIEG and SIEG FAHRENHEIT brand in China general agency agreement."
Canoudi Road Fashion Co., Ltd. Guangzhou Board of Directors
December 13, 2012
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