[ET Net News Agency, 20 July 2018] Agile Group (03383) said Panyu Agile, Weihai
Lanchuang and Weihai Management Committee entered into an agreement, pursuant to which
Panyu Agile's indirect wholly-owned subsidiary Weihai Yaqi has agreed to make capital
contributions of RMB4.55 billion to the joint venture company Weihai Yalan Investments
Development, for the purpose of investing and developing Phase 1 of Agile Sports and
Recreational Featured Town Project located in Weihai Nanhai New District, Weihai City,
Shandong Province, the PRC.
The joint venture company has an initial registered capital of RMB100 million and owned
as to 84.8% by Weihai Yaqi and as to 15.2% by Weihai Lanchuang. (SC)