Shenzhen Baode Technology Co., Ltd. POWERLEADER SCIENCE&TECHNOLOGY Company Limited*
(a limited liability company registered and established in the People's Republic of China)
(Stock code: 8236) signed a distribution agreement with Intel
This announcement is made in accordance with Article 17.10 of the ChiNext Listing Rules.
The Board of Directors ("the Board") of Shenzhen Baode Technology Co., Ltd. ("the Company", together with its subsidiaries, collectively referred to as "the Group") announced that Baotong Group Co., Ltd. ("Baotong"), a wholly-owned subsidiary of the Company, entered into a distribution agreement with Intel Semiconductor Limited ("Intel") on March 23, 2004
(The "Agreement"). According to the agreement, Baotong has been appointed as a non exclusive independent distributor to provide Intel server CPU products and Intel server motherboards to Chinese dealers, effective from April 1, 2004. This agreement is the first agreement between the Group and Intel on the distribution of server CPU products and Intel server motherboards in China. This agreement can be renewed for one year on January 1st of each year. The Group has not made any capital or other order commitments under this agreement.
The Board of Directors believes that this agreement will make the relationship between the Group and Intel closer and strengthen the competitiveness of the Group's server distribution business in China. It is expected that the Group will benefit from this agreement in terms of marketing, technology and brand.
The Group is mainly engaged in designing, manufacturing and selling IA servers and related products in China, as well as providing related after-sales services. Intel server CPU products and Intel server motherboards are new distribution products of the Group.
The Board of Directors announced that Baotong entered into a distribution agreement with Intel on March 23, 2004. According to the agreement, Baotong has been appointed as a non exclusive independent distributor to provide Intel server central processor ("CPU") products and Intel server motherboards to Chinese dealers. The Board of Directors believes that this agreement will make the relationship between the Group and Intel closer and strengthen the competitiveness of the Group's server distribution business in China.
Shenzhen, China, March 24, 2004
one
By the order of the board of directors
Chairman of Shenzhen Baode Technology Co., Ltd
Li Ruijie
The directors ("Directors") of Shenzhen Baode Technology Co., Ltd. are willing to jointly and severally assume full responsibility for this announcement. This announcement is provided in accordance with the listing rules of the Hong Kong Stock Exchange Limited on the ChiNext Market, providing information about Shenzhen Baode Technology Co., Ltd. After making all reasonable inquiries, the directors confirm that to the best of their knowledge and belief: (i) the information contained in this announcement is accurate and complete in all material respects, and is not misleading; (ii) This publication does not omit any other facts, causing any of its statements to be misleading; All opinions expressed in this announcement have been carefully considered and based on fair and reasonable standards and assumptions.
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*For identification only