EQS-News / 30/01/2020 / 17:49 UTC+8
China VAST Donates RMB5 Million In Supplies And Cash
TO Fight Against The New Coronavirus Outbreak
30 January 2020 -- China VAST Industrial Urban Development Company Limited
("China VAST" or the "Company", stock code: 6166; together with its
subsidiaries, the "Group") announced that it has made a donation of RMB5
million to help fight and control the new coronavirus-related pneumonia
epidemic, including RMB2 million in emergency medical supplies and RMB3
million in cash. Facing a grim outlook for the coronavirus outbreak, China
VAST, being one of the leading private enterprises in Langfang, is
determined to stand with the people of Langfang and be proactive in
participating in the battle against the novel coronavirus epidemic.
Mr. Wang Jianjun, the Chairman of China VAST, held an urgent teleconference
with the Company's senior management in the morning of 26 January 2020, and
decided to donate RMB5 million in cash and supplies, and began to arrange
the purchase of emergency medical supplies.
Everyone within the Group raced against time to accomplish the task, while
companies under the Group mobilised all deployable resources through various
platforms and leveraged its competitive edge in global resource integration
to actively approach medical institutions and medical supply manufacturers
in Germany, South Korea, Italy, Japan, France and other countries around the
world , thereby making emergency purchases of RMB2 million worth of
emergency medical supplies such as disposable protective clothing, safety
goggles, medical protective masks. These emergency medical supplies will be
delivered to Langfang in batches for the prevention and control of the new
coronavirus-related pneumonia in Langfang. At the same time, in order to
support the relief efforts to control the epidemic, the Group donated RMB3
million to the Red Cross of Anci District, Langfang, in the afternoon of 28
January 2020.
Support and work with Wuhan to ride out the storm
Mr. Wang Jianjun said: "For the safety of the people of China, a large
number of medical staff and the people of Wuhan are making huge sacrifices.
They either fight relentlessly against all odds or quarantine themselves at
home, shielding us from danger. Protecting them is protecting ourselves."
At the start of the epidemic, Mr. Wang Jianjun has already actively
organized the Cheung Kong Graduate School of Business Hebei Alumni
Association and the seventh class of DBA Program, of which he served as the
chairman and the class monitor respectively, to donate RMB400,000 to Wuhan
Charity Federation for the fight, prevention and control of the new
coronavirus-related pneumonia.
China VAST, as a leading comprehensive industrial town developer in China,
ranks second in China's industrial real estate industry with a unique
regional comprehensive development model. China VAST will closely monitor
the progress of the epidemic and fulfill its corporate social
responsibilities. The Group will work together with the people of China to
win this battle against the novel coronavirus-related pneumonia.
About China VAST
Founded in 1995, China VAST Industrial Urban Development Company Limited is
a pioneer and succeeds in developing new industrial towns and implementing
industrial park PPP model in China. Listed on the Stock Exchange of Hong
Kong Limited in 2014 (stock code: 6166), the Company is a comprehensive
industrial town developer, with industrial town planning and development,
infrastructure investment, industrial services upgrade and park operation as
its core businesses.
The Company currently provides planning, development and/or operation
services in 10 different-themed industrial town projects, consisting of:
Longhe Park, Longhe Resort, Guangyang Technology Regeneration Park and
Yongqing VAST Industrial Town Park, all of which are located in Langfang,
Hebei province; VAST Zhangjiakou City New Industrial Park, Zhangjiakou City
Modern Industrial Park, both of which are located in Zhangjiakou City, Hebei
Province; Shijiazhuang General Aviation Industrial Town Park and
Shijiazhuang Gaocheng VAST Industrial Town Park, both of which are located
in Shijiazhuang City, Hebei province; VAST Ezhou Industrial Park in Ezhou
City, Hubei province; and Wuhan Development Zone General Aviation Industry
Comprehensive Demonstration Zone in Wuhan City, Hubei Province. After over
10 years of development, Longhe Park is progressing towards its maturity in
a fast development stage. The remaining nine projects are in the early stage
of planning and development. However, with the improvement and betterment of
the terms of cooperation agreements signed between the Company and local
governments, some of the Company's cooperation agreements enable the Company
to record revenue in the early stage of development, thus providing support
for developing projects on a rolling basis.
- End -
Issued by: China VAST Industrial Urban Development Company Limited
Through: CorporateLink Limited
Media Enquiries: CorporateLink Limited
Kelly Laing Tel: 2801 6045 Email: kellyl@corporatelink.com.hk
Document: http://n.eqs.com/c/fncls.ssp?u=WQUCIASJLI [1]
Document title: CHINA VAST DONATES RMB5 MILLION IN SUPPLIES AND CASH TO
FIGHT AGAINST THE NEW CORONAVIRUS OUTBREAK
30/01/2020 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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January 30, 2020 04:49 ET (09:49 GMT)
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