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Euro Asia Premier Real Estate Company Ltd.
Ansprechpartner: Frank Schwarz
Tel.: +49 611 580 29290
E-Mail: euasia@eu-asia.net

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23.08.2019 - 09:45 | Euro Asia Premier Real Estate Company Ltd.
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pta20190924006
Public disclosure of inside information according to article 17 MAR

Euro Asia Premier Real Estate Company Ltd.: Euro Asia announces a shift of focus with the acquisition of RMB 180 million of assets in the PRC

Treasury shares to be released for acquisitions after fulfillment of contractually stipulated profit


Hong Kong, SAR Peoples' Republic of China (pta006/24.09.2019/08:43) - Euro Asia Premier Real Estate Company Limited (JT9; ISIN: VGG3223A1057) is pleased to announce a shift in focus with the acquisition of RMB 180 million of assets, split between three different asset bases. The identification of these assets was initiated by the Company's new board member Mr. Quan Hu.

These transactions are described as followed:

RMB 50 million for a digital direct sales company specializing in health care products

- Contractually stipulated profit of no less than RMB 15 million per annum for 3 years.
- Purchase payment of RMB 50 million will be issued as a non-interest bearing, non-demand, promissory note placed into escrow.
- The redemption of the promissory note is subject to financing from treasury common stock.
- The release of the promissory note and/or common shares issued from treasury is done annually and is based on contractual performance targets.
- Subject to the achievement of performance targets, RMB 15 million will be released after the first and second year, and RMB 20 million will be released after the third year.

RMB 30 million for real estate asset

- Contractually stipulated profit of no less than RMB 30 million per annum for 2 years.
- Purchase payment of RMB 30 million will be issued as a non-interest bearing, non-demand, promissory note placed into escrow.
- The redemption of the promissory note is subject to financing from treasury common stock.
- The release of the promissory note and/or common shares issued from treasury is done annually and is based on contractual performance targets.
- Subject to the achievement of performance targets, RMB 15 million will be released after the first and second year.

RMB 100 million for 4 floors of a newly completed commercial building

- Contractually stipulated after tax lease income of no less than RMB 5 Million per annum for 3 years.
- Purchase payment RMB 100 Million will be issued as a non-interest bearing, non-demand, promissory note placed into escrow.
- The redemption of the promissory note is subject to financing from treasury common stock.
- After 3 years, in addition to contractual performance targets being met, the valuation of asset of must be no less than RMB 100 Million before RMB 100 Million will be released from escrow.

The decision for acquisition of these three parcels of assets is based on a combination of contractually mandated cash flow and asset value.

While two of these three assets are real estate based, the Company will also embark in digital commerce by acquiring an online sales company, thus entering one of the largest growth industries in the PRC and the world. The Company will also seek out other acquisition opportunities which fit into its growth strategy.

* 1 Euro = 7.8285 RMB

(end)
emitter: Euro Asia Premier Real Estate Company Ltd.
Nova Stage Chambers, P.O. Box 4389
0000 Road Town Tortola
Virgin Islands,British
contact person: Frank Schwarz
phone: +49 611 580 29290
e-mail: euasia@eu-asia.net
website: www.eu-asia.net
stock exchanges: free market in Munich
ISIN(s): VGG3223A1057 (share)
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