On September 12, the General Administration of Market Supervision issued a decision on administrative penalties for four companies, including yuanda New Environmental Protection Building Materials Co., Ltd. in Jinsha County, Guizhou Province, to reach and implement a monopoly agreement.
Guizhou Langyue New Building Materials Co., Ltd. shall be fined 3% of the 6000000.00 of sales in 2021, amounting to RMB 0.00 180000;
Jinsha County yuanda New Environmental Protection Building Materials Co., Ltd. shall be fined 5% of the annual sales in 2021, 70450869.31, with a 3522543 of 47 yuan;
Jinsha Aoke New Environmental Protection Building Materials Co., Ltd. shall be fined 4% of the sales 28820810.17 in 2021, with a 1152832 of 41 yuan;
Guizhou Jinsha County Energy Conservation and Environmental Protection Building Materials Co., Ltd. shall impose a fine of 4% of the sales 28820810.17 in 2021, with a 1152832 of 41 yuan;
These four enterprises are all commercial concrete production enterprises and have reached and implemented monopoly agreements, imposing a total fine of 6.0082 million yuan.
Event development:
On November 29, 2016, Jinsha yuanda, Jinsha Oak, Jinsha Energy Conservation and Guizhou Langyue signed the Agreement on Voluntary Integration of Capacity Reduction, agreeing on matters related to the lease and suspension of Guizhou Langyue and the formation of a new building materials business entity in Jinsha County. Jinsha yuanda, as Party A, Jinsha Aoke and Jinsha Energy Conservation, as Party B, signed the Joint Production and Operation Agreement, and both parties agreed on the production, sales, management, joint operation time limit and profit distribution ratio of the joint operation. On March 17,
2019, Jinsha yuanda, Jinsha Oak, Jinsha Energy Conservation and Guizhou Langyue signed the Supplementary Agreement to the Voluntary Integration Agreement for Capacity Removal, which agreed to reduce the rental fee of Guizhou Langyue from 8000000 yuan per year to 6000000 yuan per year. On December 15,
2021, Guizhou Langyue, as Party a, and Jinsha yuanda, Jinsha Oak and Jinsha Energy Conservation, as Party B, signed the Payment Agreement, specifying that as of December 15, 2021, Party B owes Party a total of 11000000 yuan for concrete contracting fees, and Party a owes Party B 1700189 yuan for concrete payment. After the deduction by both parties, Party B shall owe Party a 9299811 of RMB yuan, which shall be paid in full by the end of August 2022. On January 10,
2022, Jinsha yuanda, as Party A, and Jinsha Oak and Jinsha Energy Conservation, as Party B, signed the Joint Operation Expiration Settlement Agreement. Both parties agreed to extend the joint production and operation period from November 30, 2021 to December 31, 2021, and to settle the creditor's rights and debts during the joint operation period.
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