Dear Investor:
Our established 'Keqiao District Shaoxing City Sands tourism investment partnership (limited partnership)' (hereinafter referred to as the 'Fund') on September 8, 2016 formally invest in Shaoxing Sands Tourism Development Co., Ltd. (hereinafter referred to as 'Sands Tourism company '), in which the Fund $ 400 million in a capital increase by way of equity to Sands travel company, and the remaining 500 million yuan of funds entrusted loans by the Fund to invest Sands travel company for the development and subsequent Orient Sunseed business and leisure center project operations. Up to now, the Fund entrusted loans to invest 250 million yuan has been recovered on schedule, and has been assigned to the liquidation fund limited partners in accordance with the priority of the fund contract.
The Fund currently total paid-up capital of 650 million yuan. The above-mentioned funds entrusted our company as managers in strict accordance with the purposes of management and use of funds. The Fund invested the remaining 250 million yuan entrusted loans, interest income has been the receipt of the first quarter, now for the eleventh allocation for the secondary fund limited partners in accordance with the contract. Specific income distribution announcement is as follows:
First, the income distribution
As of March 21, 2019, the amount available for distribution is 3,312,500 dollars, this amount allocated 3,312,500 yuan, the end of this allocation, the funds allocated to the cumulative amount of secondary limited partner 33,824,305.56 yuan, are assigned a prospective basis income.
Second, the distribution and time
The amount allocated by the company began distribution in March 21, 2019 by the Custodian Bank Zhejiang bank reserve accounts to investors, please check. If you have questions may consult an investment adviser.
Special announcement!
Managers will be based on market conditions to gradually withdraw the remaining shares, and simultaneously assigned, please pay attention to relevant information bulletin. If you need assistance, please call 400-826-0806.
Paradise Valley Asset Management Group Ltd.
March 21, 2019