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Hongli Group Inc. – ‘20-F’ for 12/31/22 – ‘EX-4.18’

On:  Monday, 5/15/23, at 8:26pm ET   ·   As of:  5/16/23   ·   For:  12/31/22   ·   Accession #:  1213900-23-40060   ·   File #:  1-41671

Previous ‘20-F’:  None   ·   Next & Latest:  ‘20-F’ on 4/30/24 for 12/31/23   ·   6 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/16/23  Hongli Group Inc.                 20-F       12/31/22  106:9.6M                                   EdgarAgents LLC/FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report                                       HTML   2.32M 
 2: EX-2.1      Description of Securities                           HTML    173K 
 3: EX-2.3      Underwriting Agreement                              HTML    243K 
 4: EX-4.17     English Translation of Supplementary Agreement      HTML     58K 
                Between Hongli Shandong and Yingxuan, Dated as of                
                May 5, 2023                                                      
 5: EX-4.18     English Translation of Assets Transfer Agreement    HTML     37K 
                Between Hongli Shandong and Changle Youyi Plastic                
                Technology Co., Ltd., Dated as of April 1, 2023                  
 9: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     29K 
 6: EX-11.2     Insider Trading Policy                              HTML     69K 
 7: EX-12.1     Statement re: the Computation of Ratios             HTML     33K 
 8: EX-12.2     Statement re: the Computation of Ratios             HTML     33K 
15: R1          Document And Entity Information                     HTML    103K 
16: R2          Consolidated Balance Sheets                         HTML    151K 
17: R3          Consolidated Balance Sheets (Parentheticals)        HTML     37K 
18: R4          Consolidated Statements of Operations and           HTML    114K 
                Comprehensive Income                                             
19: R5          Consolidated Statements of Operations and           HTML     38K 
                Comprehensive Income (Parentheticals)                            
20: R6          Consolidated Statements of Changes in               HTML     55K 
                Shareholders? Equity                                             
21: R7          Consolidated Statements of Cash Flows               HTML    183K 
22: R8          Organization and Nature of Operations               HTML     69K 
23: R9          Significant Accounting Policies                     HTML     81K 
24: R10         Accounts Receivable                                 HTML     34K 
25: R11         Notes Receivable                                    HTML     36K 
26: R12         Inventories, Net                                    HTML     35K 
27: R13         Prepaid Expense and Other Current Assets            HTML     34K 
28: R14         Property, Plant and Equipment, Net                  HTML     38K 
29: R15         Intangible Assets, Net                              HTML     37K 
30: R16         Loans                                               HTML     50K 
31: R17         Security Deposit Received for Sales of Assets       HTML     32K 
32: R18         Accrued Expenses and Other Payables                 HTML     36K 
33: R19         Leases                                              HTML     47K 
34: R20         Income Taxes                                        HTML     54K 
35: R21         Concentrations                                      HTML     36K 
36: R22         Related Party                                       HTML     43K 
37: R23         Shareholders' Equity                                HTML     40K 
38: R24         Surplus Reserve                                     HTML     34K 
39: R25         Commitment                                          HTML     36K 
40: R26         Restricted Net Assets or Parent Company's           HTML     37K 
                Condensed Financial Statements                                   
41: R27         Subsequent Events                                   HTML     37K 
42: R28         Accounting Policies, by Policy (Policies)           HTML    149K 
43: R29         Organization and Nature of Operations (Tables)      HTML     59K 
44: R30         Significant Accounting Policies (Tables)            HTML     41K 
45: R31         Accounts Receivable (Tables)                        HTML     33K 
46: R32         Notes Receivable (Tables)                           HTML     35K 
47: R33         Inventories, Net (Tables)                           HTML     35K 
48: R34         Prepaid Expense and Other Current Assets (Tables)   HTML     34K 
49: R35         Property, Plant and Equipment, Net (Tables)         HTML     36K 
50: R36         Intangible Assets, Net (Tables)                     HTML     38K 
51: R37         Loans (Tables)                                      HTML     44K 
52: R38         Accrued Expenses and Other Payables (Tables)        HTML     34K 
53: R39         Leases (Tables)                                     HTML     53K 
54: R40         Income Taxes (Tables)                               HTML     46K 
55: R41         Related Party (Tables)                              HTML     44K 
56: R42         Restricted Net Assets or Parent Company's           HTML     35K 
                Condensed Financial Statements (Tables)                          
57: R43         Organization and Nature of Operations (Details)     HTML     54K 
58: R44         Organization and Nature of Operations (Details) -   HTML     44K 
                Schedule of consolidated VIE and subsidiaries                    
59: R45         Organization and Nature of Operations (Details) -   HTML    127K 
                Schedule of consolidated financial information of                
                the VIE and VIE?s subsidiaries                                   
60: R46         Organization and Nature of Operations (Details) -   HTML     60K 
                Schedule of consolidated operating informationof                 
                the VIE and VIE?s subsidiaries                                   
61: R47         Significant Accounting Policies (Details)           HTML     74K 
62: R48         Significant Accounting Policies (Details) -         HTML     32K 
                Schedule of currency exchange rates                              
63: R49         Significant Accounting Policies (Details) -         HTML     48K 
                Schedule of property, plant and equipment                        
64: R50         Significant Accounting Policies (Details) -         HTML     36K 
                Schedule of net revenue segregated by geographic                 
                regions                                                          
65: R51         Accounts Receivable (Details)                       HTML     31K 
66: R52         Accounts Receivable (Details) - Schedule of         HTML     36K 
                accounts receivable                                              
67: R53         Notes Receivable (Details) - Schedule of notes      HTML     44K 
                receivable consisted                                             
68: R54         Inventories, Net (Details)                          HTML     31K 
69: R55         Inventories, Net (Details) - Schedule of            HTML     41K 
                Inventories, net                                                 
70: R56         Prepaid Expense and Other Current Assets (Details)  HTML     40K 
                - Schedule of prepaid expense and other current                  
                assets                                                           
71: R57         Property, Plant and Equipment, Net (Details)        HTML     43K 
72: R58         Property, Plant and Equipment, Net (Details) -      HTML     50K 
                Schedule of property, plant and equipmen net                     
73: R59         Intangible Assets, Net (Details)                    HTML     36K 
74: R60         Intangible Assets, Net (Details) - Schedule of      HTML     35K 
                intangible assets                                                
75: R61         Intangible Assets, Net (Details) - Schedule of      HTML     44K 
                amortization of intangible assets                                
76: R62         Loans (Details)                                     HTML     66K 
77: R63         Loans (Details) - Schedule of short-term loans      HTML     51K 
                consisted                                                        
78: R64         Loans (Details) - Schedule of future maturities of  HTML     41K 
                the long-term loan                                               
79: R65         Security Deposit Received for Sales of Assets       HTML     40K 
                (Details)                                                        
80: R66         Accrued Expenses and Other Payables (Details)       HTML     38K 
81: R67         Accrued Expenses and Other Payables (Details) -     HTML     41K 
                Schedule of accrued expenses and other payables                  
82: R68         Leases (Details)                                    HTML     33K 
83: R69         Leases (Details) - Schedule of lease expenses       HTML     36K 
84: R70         Leases (Details) - Schedule of supplemental cash    HTML     37K 
                flow information related to leases                               
85: R71         Leases (Details) - Schedule of supplemental         HTML     42K 
                balance sheet information related to leases                      
86: R72         Leases (Details) - Schedule of maturity of our      HTML     39K 
                finance lease liabilities                                        
87: R73         Income Taxes (Details)                              HTML     47K 
88: R74         Income Taxes (Details) - Schedule of current and    HTML     40K 
                deferred portions of income tax expense                          
89: R75         Income Taxes (Details) - Schedule of effective tax  HTML     42K 
                rate                                                             
90: R76         Income Taxes (Details) - Schedule of deferred       HTML     33K 
                liability                                                        
91: R77         Concentrations (Details)                            HTML     58K 
92: R78         Related Party (Details)                             HTML     38K 
93: R79         Related Party (Details) - Schedule of related       HTML     53K 
                parties transactions                                             
94: R80         Related Party (Details) - Schedule of amount due    HTML     36K 
                from a related party                                             
95: R81         Related Party (Details) - Schedule of amount due    HTML     44K 
                to related parties                                               
96: R82         Shareholders' Equity (Details)                      HTML     64K 
97: R83         Surplus Reserve (Details)                           HTML     33K 
98: R84         Commitment (Details)                                HTML     64K 
99: R85         Restricted Net Assets or Parent Company's           HTML     41K 
                Condensed Financial Statements (Details) -                       
                Schedule of amounts restricted include paid-in                   
                capital, additional paid-in capital, and the                     
                statutory reserves                                               
100: R86         Restricted Net Assets or Parent Company's           HTML     40K  
                Condensed Financial Statements (Details) -                       
                Schedule of amounts restricted include paid-in                   
                capital, additional paid-in capital, and the                     
                statutory reserves (Parentheticals)                              
101: R87         Subsequent Events (Details)                         HTML     53K  
104: XML         IDEA XML File -- Filing Summary                      XML    203K  
102: XML         XBRL Instance -- f20f2022_hongli_htm                 XML   1.21M  
103: EXCEL       IDEA Workbook of Financial Reports                  XLSX    181K  
11: EX-101.CAL  XBRL Calculations -- hlp-20221231_cal                XML    191K 
12: EX-101.DEF  XBRL Definitions -- hlp-20221231_def                 XML    916K 
13: EX-101.LAB  XBRL Labels -- hlp-20221231_lab                      XML   1.68M 
14: EX-101.PRE  XBRL Presentations -- hlp-20221231_pre               XML    918K 
10: EX-101.SCH  XBRL Schema -- hlp-20221231                          XSD    277K 
105: JSON        XBRL Instance as JSON Data -- MetaLinks              497±   723K  
106: ZIP         XBRL Zipped Folder -- 0001213900-23-040060-xbrl      Zip   1.10M  


‘EX-4.18’   —   English Translation of Assets Transfer Agreement Between Hongli Shandong and Changle Youyi Plastic Technology Co., Ltd., Dated as of April 1, 2023


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 4.18

 

Asset transfer agreement

 

Agreement number:HLGG20230401-01

 

Party A (the Transferor): Shandong Hongli Special Section Tube Company Limited

 

Party B (the transferee): Changle Youyi Plastic Technology Co., Ltd.

 

Based on the principle of equality and mutual benefit, Party A and Party B reach the following agreement on the transfer of assets:

 

1.Basic information of the assets transferred

 

(1) The assets transferred under this Agreement include land, above-ground buildings, structures, and supporting facilities (“Land and Buildings”).

 

(2) Location of the lot and buildings transferred hereunder: No.487 North Sanli Street, Economic Development Zone, Changle County.

 

(3) The land transferred under this agreement shall be used as industrial land.

 

(4) The planned land area of the land transferred under this agreement is 31 mu (20640 ㎡), land certificate: Le (2011) No. CL231.The real estate ownership certificate has been obtained (Property Ownership Certificate No. Changle County No.023570 “House Ownership Certificate”, Changle County No.023571 “House Ownership Certificate”, Welle County No.023572 “House Ownership Certificate”). See the attachment for the specific area.

 

The above-ground buildings, structures, supporting facilities and equipment transferred by this agreement are shown in the annex.

 

 

 

 

2. Price and payment

 

(1) The total transfer price of the assets mentioned in Article 1 of Party A to Party B shall be one thousand and four hundred and eighty-five one hundred and two hundred yuan (in words: RMB 12,485,120), and Party A shall bear all taxes generated from the transfer of VAT and land value-added tax as well as the deed tax and stamp tax of Party B.

 

(2) Party B has paid a deposit of RMB 10 million (RMB 10,000,000.00) to Party A before January 1,2023. Within 15 days after the signing of the contract, Party A shall begin to transfer the ownership of the real estate and clear the property. After the completion of the contract, Party B shall pay Party A three hundred and twenty-two thousand seven hundred and two-seven four and one point (small 3322727.41 yuan);

 

(3) Within 2 days after handling the transfer of the assets, the balance shall be RMB six million, three hundred and thirty-three thousand five hundred and forty points and thirty points (RMB 6,333,501.43) on the day of the delivery of the real estate certificate to Party B.

 

(4) Delivery of lots and buildings

 

Party A shall deliver the land, buildings, structures, supporting facilities and equipment involved to Party B for use, conduct the on-site physical inventory and handover, and sign the handover documents.

 

4.Special agreement

 

(1) Party A shall complete the ownership transfer procedures within two months after signing the contract.

 

(2) Party B shall bear all expenses of land use tax, property tax, utilities, gas and other expenses incurred by the land, above-ground structures and structures involved in this Agreement after the transfer of the property ownership certificate of the land certificate to Party B.

 

5. Validity period of the agreement

 

This Agreement shall come into force upon being signed and sealed by both parties and shall terminate after the property right is changed and delivered to Party B and all the payment.

 

2

 

 

6. liability for breach contract

 

(1) After the contract is signed, if Party A fails to hand over the buildings, structures, facilities and equipment as agreed in the appendix, Party B shall have the right to deduct the corresponding amount from the price.

 

(2) After signing the contract, if Party A goes back, it shall return double the deposit; if Party B goes back, it has no right to request the return of the deposit.

 

(3) If Party B delays in making the payment without justifiable reasons, Party A shall have the right to ask Party B to pay the interest on the arrears of 0.0005% per day from the date of overdue payment. If the overdue payment is more than 15 days, Party A shall have the right to terminate the contract and forfeit the deposit.

 

(4) If Party A delays in clearing and handing over the site, Party B shall have the right to require Party A to pay the interest paid during the standard of 0.0005% per day. If party B fails to clear the site and handover within 15 days later, Party B has the right to terminate the contract. Party A shall not only return double the deposit, but also bear the interest paid during the overdue clearance and handover period.

 

(5) If the real estate transfer procedures are overdue due to Party A, Party B shall have the right to require Party A to pay the interest paid at the standard of 0.0005% per day for the overdue period. If the contract is not completed within 15 days overdue, Party B has the right to terminate the contract, and Party A shall return double the deposit and also pay the interest paid during the overdue period.

 

7. Dispute resolution

 

All disputes arising from this Agreement and related matters hereof shall be settled by both parties through negotiation. If no agreement can be reached through negotiation, they shall be decided by the people’s court where the real estate is located.

 

8. This contract shall come into force upon being signed or sealed by both parties. The contract is made in quadruplicate, with each party holding two copies.

 

9. Annex: Details of above-ground buildings, structures and supporting facilities and equipment

 

Party A: Shandong Hongli Special Section Tube Company Limited

 

Legal (Authorized) Representative:

 

Address: Changle County Economic Development Zone

 

Telephone:

 

Party B: Changle Youyi Plastic Technology Co., Ltd.

 

Legal (Authorized) Representative:

 

Address: Changle County Economic Development Zone

 

Telephone:

 

Signed on: April 1,2023

 

 

3

 

 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/30/24  Hongli Group Inc.                 20-F       12/31/23  111:10M                                    EdgarAgents LLC/FA
 3/28/24  Hongli Group Inc.                 S-8         3/28/24    6:811K                                   EdgarAgents LLC/FA


4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/17/23  Hongli Group Inc.                 F-1/A                  3:27M                                    EdgarAgents LLC/FA
 9/14/22  Hongli Group Inc.                 F-1/A                  6:25M                                    EdgarAgents LLC/FA
 7/15/22  Hongli Group Inc.                 F-1/A                  4:24M                                    EdgarAgents LLC/FA
12/30/21  Hongli Group Inc.                 F-1                   26:27M                                    EdgarAgents LLC/FA
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Filing Submission 0001213900-23-040060   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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