Gelonghui, April 8, 丨 Dianchi Water (03768.HK) announced that on October 16, 2015, the company signed a franchise contract with the Bokeo Special Economic Zone Management Committee of Laos. According to this, the company (through Dianchi Water (Laos)) invested in the construction of the Golden Triangle Water Plant and sewage treatment plant in Laos under the BOT model.
On April 8, 2024, the company, Dianchi International, Dianchi Water (Laos) (as a project company), and the Bokeo Special Economic Zone Management Committee of Laos signed a franchise termination agreement. Based on this, the company and the management committee of the Bokeo Special Economic Zone in Laos agreed to terminate the franchise contract signed by the two parties. Since the company and Dianchi Water (Laos) have fulfilled certain obligations and incurred expenses in accordance with the franchise contract, according to the relevant agreement on the franchise termination agreement, the company has the right to collect and the Laos Bokeo Special Economic Zone Management Committee is obligated to pay the corresponding price to the company or the subsidiary designated by the company. The total cost is RMB 51,141,888.60.
After completion, the company/Dianchi Water (Laos) no longer owns the franchise for the Laos project.