Investor Presentaiton
Details on Related Party Transactions
IsZo's Claims
1. a two-year property management service
agreement for the Company's Inno Park project
for RMB 9.43 million; a second five-year
property management services agreement for
Inno Park where Kaisa, not the Company, will
charge tenants for its services; a third property
management service agreement for the
development stage of Inno Park
2. a one-year property management service
agreement for the development stage of Nam
Tai Technology Center for consideration of
RMB 2.69 million; and
3. a one-year property management for Nam Tai
Inno Valley for consideration of RMB 1.49 million
Reality
All management contracts were opened to bid, Kaisa was the lowest price among
multiple bids
Project
Monthly
Fee (USD 000)
Bidding Price
Range (USD 000)
Number
Service
of Bidders
Period
Inno Park
(Industrial Center)
60.3*
Technology
Center
63.5-78.6
5
April 2019 -
April 2021
37.1
37.1-38.6
February 2020 -
5
February 2021
Inno Valley
20.9
20.9-21.5
February 2020 -
February 2021
Note:
*Kaisa's initial bidding price which was USD $63.5 per month and further adjusted to USD $60.3 per month after negotiation with management.
INVESTOR PRESENTATION
A-2
USD/RMB exchange rate: 6.5
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