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Announcement on the Contract Modification of TTGG-Jiuying No. 4 Asset Management Plan

日期: 2016-07-14
浏览次数: 11
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Dear Investors:

 

“TTGG- Jiuying No. 4 Asset Management Plan” (hereinafter referred to as “the Plan”) that you invested in operates well at present. As the Plan’s manager, our company hereby makes an announcement about some changes to several clauses in the “Asset Management Contract for TTGG-Jiuying No. 4 Asset Management Plan” (hereinafter referred to as the “Asset Management Contract”) as follows:

 

Ⅰ. Fund Profile

 

The Asset Management Plan was set up on Oct. 27, 2014. RMB 78 million Yuan in total was raised. It’s exclusively invested in MNS (300275) stocks. Within six months after the stocks become tradable, the Plan will select an opportunity to withdraw and realize the investment income. Our company has managed and used the assets entrusted to the Plan Strictly in accordance with the Plan’s investment purposes. According to the market situation, we have selected a chance and sold some of the investment target’s stocks after the stocks became tradable.

 

Ⅱ. Changes to the Clauses in the Asset Management Contract

 

In line with Article 1, Chapter 19 of the Asset Management Contract: “changes to the contract: clauses involving the management fee, custody fee, expected return, distribution rate of the excess return, trustors’ rights and obligations can be modified after the asset trustors and asset manager have reached consensus. Not involving the above clauses, causing no adverse effect on the asset trustors and custodian’s benefits, the asset manager can modify the contract and announce it on its website. The modifications take effect on the day of making the announcement.” our company has decided to modify Article 1, Chapter 15 of the Asset Management Contract.  

 

The original version of Article 1 of the Asset Management Contract’s Chapter 15 “The Asset Management Plan’s Income Distribution” was “there shall be no income distribution within the duration of the Asset Management Plan.”

 

Now it has been modified as: “within the Fund’s duration, according to the Fund’s actual situation (including but not limited to the invested project’s withdrawal within the Fund’s duration), the Fund Manager can decide whether to distribute the income to the Fund’s investors or not; the distribution rate is also up to the Fund Manager. The distribution shall be carried out in line with the distribution principle and order agreed in Article 4, Chapter 20 “Distribution of Assets Left in the Process of the Asset Management Plan’s Liquidation.”

The above contract modification will take effect since the day the announcement is made. 

The announcement is made to inform you the above information!

 


Zhejiang Silicon Paradise Asset Management Group Co, Ltd.

July 13, 2016


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