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Xingfa Letter

Xingfa Letter

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Published by EffNow
Letter from Hubei Xingfa Chemicals Group Ltd. to the Effingham County, Ga., Industrial Development Authority, dated Dec. 29, 2013.
Letter from Hubei Xingfa Chemicals Group Ltd. to the Effingham County, Ga., Industrial Development Authority, dated Dec. 29, 2013.

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Published by: EffNow on Jan 16, 2014
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06/15/2014

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HUBEI XINGFA CHEMICALS GROUP CO. L
TO.
A 807 SANXIASHANGCHENG 52-1 JIEFANG ROAD YICHANG
~
 
XiNGF
HUBEI 443000 CHINA
Tel:
~86 717 6760283
 
Fax:
+86 717)6760308
mt:l~~~ftI.I?flDi ffi ~PH1}=s=.I T~~ri~~~iffl
 
~~~~~I~~~~~~ ~~§~@I~
 
Hubei Xingfa Chemicals Group
Co.
Ltd The Reply Letter to Effingham County Industrial Development Authority About
Our
Investment Projects
From: Hubei Xingfa Chemicals Group Co. Ltd. To : Georgia Department of Economic Development and Effingham County Industrial Development Authority
8
IB]:
2013
iF
12
FI
29
E
Time
December 29 2013 Dear Ms. Xu and distinguished Effingham County Industrial Development Authority officials
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First of all we would like to expresse our deep gratitude for your support
 
HUBEI XINGF CHEMIC LS GROUP
CO. L
TO.,
A 807, SANXIASHANGCHENG, 52-1 JIEFANG ROAD, YICHANG
XiNGF
HUBEI 443000, CHII\JA
kl:
~
717) 6760283
Fa,:
r8
717) 6760308
and help of our investment project at your county. Thank you for giving us fully enthusiastic help in the past few months. During the course of project negotiations, we deeply feel the attention from local government and strong support for our project, which makes us very confident for the investment environment at Effingham County.
~~ ffi~m~ ~m~~§~~- ~OO~~~~~~-~.M~o
 
*§~~~80.~±~ ~30.~±~~~~~~~~*.~~*~.~
 
As you know, our project is in collaboration with a U.S. company to produce a phosphate product. We prepare to buy
8
acres of land with
3
acres of land will be purchased by that company for the construction of related facilities. Moreover, in accordance with the consensus reached with that
company
60 of the finished products of our facility will be sold to them for the production
of
downstream products. It is not difficult to see our partners will have a decisive impact for our project and decisions.
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HUBEI XINGF CHEMIC LS GROUP
CO
LTD.
A 807 SANXIASHANGCHENG, 52-1 ,IIEFANG ROAD, YICHANG
XiNGF
HUBEI 443000, CHINA
Td:
-86
717) 676028J
Fa. \.:
+86 717) 6760J08
In the past few months, Mr zhong on behalf of our company has been negotiating on the project and paid a great deal of
effort.
We also hired a Danish design company with technicians to Effinham County fieldwork of the project and make a blueprint. While The situation in recent months were far way from our expectations. The first is that our partner not willing to continue to talk about the purchase of land
matters
on the other hand we have sold 100 tons product to them and still not receive the
payment.
Our initial determine is that the problems is the financial situation of the company. Based on
this
the Board considers that the project does not have the conditions to be
discussed.
As previously we expressed our wishes during our communication, The internationalization strategy and investment projects in United States is one of the important strategic of XINGFA Group development, and it is also a long-term and unchanged policy of us. The company has also recognized

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