Capital Injection. The Company and CS Logistics (Overseas) have agreed to inject further capital in the amounts of RMB41,250,000 (equivalent to approximately HK$45,833,333) and RMB13,750,000 (equivalent to approximately HK$15,277,778), respectively, by way of cash contribution into CS Yangshan, in proportion to their existing equity interests in CS YangshanVaranasi Investment. The total capital contribution in the amount of RMB55,000,000 (equivalent to approximately HK$61,111,111) under the Capital Injection Agreement was determined based on (a) a written proposal on adjustment of project budget prepared by an independent and duly qualified PRC construction cost consulting company; and (b) the Board’s estimation of other expenses, such as expenses in relation to land, government fees and administrative expensesMumbai Investment. As a result, the Company and CS Logistics (Overseas) shall continue to hold 75% and 25% of the enlarged equity interests in CS Yangshan, respectivelyGuoabong Wealth Management. Payment: Each of the Company and CS Logistics (Overseas) shall fulfill their payment obligations by way of cash contribution in one-lump sum within 15 days after execution of the Capital Injection Agreement.Nagpur Stock
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