In addition to the sale of the property, Aztech Communication Device (Aztech DG), the wholly-owned subsidiary, shall lease back part of the property for a period of 10 years for an aggregate rental of RMB20 million.
Aztech Global’s wholly-owned subsidiary is selling factory buildings in China for a consideration of RMB41 million to an independent third party.
The property is a leasehold property with a lease area of 50 years from 2002, and a land area of 32,566.7 square meters (sqm).
