Huakai-PKC Group Joint Venture Presentation slide image

Huakai-PKC Group Joint Venture Presentation

PKC GROUP Transaction Highlights Summary Transaction in brief Impact to PKC group's financials Timetable • The joint venture is accomplished via a new company that will be established by Huakai with an equity valuation of RMB 150 million / EUR 22 million* • PKC will contribute RMB 150 million / EUR 22 million cash through share issue • The total equity value of the joint venture is RMB 300 million / EUR 44 million • PKC holds 50% and Huakai 50% of the equity. The frame agreement contains specific terms regarding PKC's right to consolidate Transaction is financed from PKC's cash resources • The deal has no significant impact to PKC Group 2015 results ⚫ The joint venture will be consolidated to PKC Group financials • The agreement was signed on 28 March 2015 The finalisation of the joint venture is targeted in the latter half of 2015 ⚫. The finalisation is subject to common conditions including authority approvals Integration starts after the finalisation of the joint venture * Latest RMB/EUR exchange rate March 30, 2015 7
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