March 29, 2017 6:07 AM ET

Software

Company Overview of Nanjing Skytech Co., Ltd.

Company Overview

Nanjing Skytech Co., Ltd. engages in the development and sale of software, computer and external equipment, and related accessories for communication products, electrical appliances digital products. The company is based in China. Nanjing Skytech Co., Ltd. operates as a subsidiary of Sinosoft Technology plc.

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China

Founded in 1998

Key Executives for Nanjing Skytech Co., Ltd.

Nanjing Skytech Co., Ltd. does not have any Key Executives recorded.

Nanjing Skytech Co., Ltd. Key Developments

South China Holdings Company Limited Provides Update on Arbitration and Litigation Proceedings Against Nanjing Skytech Co., Limited

South China Holdings Company Limited provided update its shareholders on the latest development of a series of arbitration and litigation proceedings commenced by Janful Limited against Nanjing Skytech Co., Limited. The company made the following response to the announcement made by Sinosoft Technology Group Limited on 6 December 2015: Janful reported that the China International Economic and Trade Arbitration Commission has failed to consider the new evidence obtained by Janful that according to an audit engagement letter signed on 22 February 2001, the joint venture agreement dated 31 January 2000 entered into between Janful and Nanjing Skytech annexed thereto was the version that Janful has relied on. This new evidence proves that the Joint Venture Agreement that Janful has relied on is genuine. Janful disagrees CIETAC's ruling that the version that should be recognised should be the version registered with Nanjing Gulou District Foreign Economic and Trade Commission. This version of the joint venture agreement was allegedly registered with Nanjing Gulou District Foreign Economic and Trade Commission without Janful's knowledge. The Company also wishes to give an update that on 15 September 2015, Nanjing Intermediate People's Court has made a judgment against Nanjing Skytech and certain members of the former management team of Nanjing South China Skytech Technology Co., Ltd. namely, Ms. Xin Yingmei, Mr. Wang Xiaogang and Mr. Zhang Hong for breach of the Company Law of People's Republic of China and ordering them to pay damages in an aggregated sum of approximately RMB 28 million. However, Janful is of the view that the amount of damages awarded is far less than the claim of RMB 86 million for the 5 years from 2000 to 2005 and an appeal has been lodged.

Nanjing Skytech Co., Limited. Enters into Cooperative Framework Agreement with China Quality Certification Center to Develop Regional Carbon Platforms and Corporate Carbon Audit Projects

The board of directors of Sinosoft Technology Group Limited announced that, on May 4, 2015, Nanjing Skytech Co., Limited. entered into a cooperative framework agreement with the Shanghai Branch of China Quality Certification Center, pursuant to which Nanjing Skytech and CQC Shanghai have agreed to cooperate with each other to develop regional carbon platforms and corporate carbon audit projects. Pursuant to the Cooperative Framework Agreement, Nanjing Skytech and CQC Shanghai will cooperate to develop areas of carbon emission inventory compiling and carbon management for provinces and cities, carbon reporting and auditing for key corporations, and carbon assets auditing and management for enterprises. The parties may execute definitive agreements setting out further details of the cooperation projects. China Quality Certification Center, which is under the China Certification & Inspection Group and approved by the General Administration for Quality Supervision, Inspection and Quarantine, and Certification and Accreditation Administration of the People's Republic of China.

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