During the Track Record Period, we did not obtain construction permits or make required filings for certain construction and renovation projects in a timely manner, with a project contract value of RMB1.3 million, primarily due to inadvertent oversight and unfamiliarity with evolving regulatory requirements which prevented timely completion of the necessary application.
Business · 第 192 页
The potential maximum penalty in respect of fines that we may be exposed to due to the lack of construction permits or filings amounted to approximately RMB27 thousand.
We did not obtain the relevant construction permit or complete the final acceptance filing for our decoration project at the manufacturing facilities in Yulin, Guangxi Zhuang Autonomous Region (the “Yulin Project”) and the decoration project at our Nanjing headquarters (the “Nanjing Project”).
Business · 第 186 页
During the Track Record Period, the relevant construction permit or complete the final acceptance filing for our decoration project at the manufacturing facilities in Yulin, Guangxi Zhuang Autonomous Region (the “Yulin Project”), with an aggregate investment amount of approximately RMB565,000.
Business · 第 200 页
the maximum aggregate penalty to which we may be exposed in respect of the Yulin Project and the Nanjing Project is approximately RMB1,011,300