Subject:
Concluding significant agreement with Chinese company HEBEI ZHONGXING AUTOMOBILE CO. LTD.
Legal Act:
Article 56 clause 1 point 1 of the Act on Public Offering – Confidential Information
Contents of the report:
The Management Board of POL – MOT Warfama S.A. informs that on 9th of December 2010 was concluded an agreement between Issuer and Chinese company HEBEI ZHONGXING AUTOMOBILE CO. LTD. Under the provisions of this Agreement the Issuer has been the only one importer, installer, distributor and servicer in Poland of co-produced HEBEI Zhongxing Automobile Co.. LTD car pick-ups. The Issuer has the right to sublicense and the area can be extended to other European Union countries.
The agreement will apply from 1 January 2011 and was signed for three years. The contract value in this period will amount to 60 000 000 PLN. Other conditions do not deviate from the standard, generally accepted at this type of contract.
Assembled car under this contract will be named the Grand Tiger. It will be outfitted with in 170 horsepower diesel engine D4CB of 2.5 liter and Korean production gearbox. Pick-up has a double, five-cabin cargo space, and four-wheel drive and its load capacity is 625 pounds. Car is equipped with air conditioning, two airbags, central locking, ABS, power windows, aluminium wheels and metallic paint.
Issuer received on March 11, 2009 certificate of approval for a pick-up Grand Tiger, authorizing him to sell cars in the European Union (Current Report 8/2009). In addition, in order to improve both driving safety and comfort , the Grand Tirger has been constantly modified and enriched by new elements.
Grand Tiger was presented at the International Fair of Agricultural Technology in Kielce in 2009 and during the AGROSHOW fair in Bednary in 2010. Pick-up enjoyed the instant popularity among visitors. Grand Tiger is a car designed for agriculture, horticulture, utilities and service companies of all kinds. This car manages well both in difficult field conditions and the urban environment as a vehicle to carry larger loads of unusual dimensions.
The agreement was considered significant because its value exceeds 10% of the equity of the Issuer.
Legal basis:
§ 5 section 1 point 3 and § 9 of the Regulation of the Minister of Finance of 19 February 2009, regarding current and interim information submitted by issuers of securities and the terms governing recognition of information required by the laws of a non-member state as equivalent information (Polish Journal of Laws of 2009, No. 33, item 259)
