Creative and Huaci Sign a Agency Agreement

[Dhaka, Bangladesh, August 02, 2017]

Pingxiang Huaci Insulators Group Co., Ltd. and Creative Engineers Ltd. have decided to enter into joint business in Bangladesh especially in power sector.

Pingxiang Huaci Insulators Group Co., Ltd. will work as manufacturer/bidder and Creative Engineers Ltd. will work as bidder/distributor/local agent of Pingxiang Huaci Insulators Group Co., Ltd. against following offices in Bangladesh:

a. Bangladesh Rural Electrification Board (BREB);
b. Bangladesh Power Development Board (BPDB);
c. Dhaka Power Distribution Co. Ltd (DPDC);
d. Power Grid Company Bangladesh Limited (PGCB);
e. Dhaka Electric Supply Authority Co. Ltd (DESCO);
f. Palli Bidyut Samity (PBS);

Pingxiang Huaci Insulators Group Co., Ltd. will not do business in Bangladesh through any other company except Creative Engineers Ltd.

Creative Engineers Ltd. should provide all market information / statistics to Pingxiang Huaci Insulators Group Co., Ltd. time to time.

The bidding price should be transparent to both the parties.

The validity of this agreement will remain valid till December 31, 2027 and may be extended upon mutual decisions of two parties.