At 9 o'clock in the morning on July 15, 1977, I, Xiaoda, Yanfang, Dr. Wei, Sister Wen Juan, and Cai Jinghua discussed the promotion of the Haolong project and the Xinghailong project in the conference room of the Rose Garden Haolong Company.

Before the meeting, Yanfang showed me the financial situation of Haolong Company and Xinghailong Company.

The financial situation of Opteron is as follows:

At the time of settlement on December 20, 1976, the cash balance in the account of Opteron was $165,667,300.

The company's recent management expenses are: $460,000/month× July = $3.22 million;

Construction supervision fee payment: US$4,805,000 / 10 quarters × 2 quarters = US$961,000 (quarterly payment from January 20, 1977 to July 21, 1979, with a total of US$3,363,500 to be paid in seven instalments);

After settlement, the balance of the company's account was: 161,486,300 US dollars.

The company's major future payment items are:

On December 21, 1977, more than half of the project cost of the Opteron Project was to be paid 62 million US dollars (i.e., 20% of the total contract price of 310 million US dollars, and 50% of the project cost was paid cumulatively, of which 10% was used as a project quality guarantee. ）

On December 21, 1978, the completion price of the Haolong project was to be paid 139.5 million US dollars (i.e. 45% of the total contract price of 31000000 US dollars, and 100% of the project price was paid cumulatively, of which 5% was used as the project quality deposit). ）

On June 20, 1978, the signing fee of 21.7 million US dollars (i.e., 20% of the total contract of 108.5 million US dollars, 30% of the total contract price, of which 10% was the project quality deposit) was to be paid for the signing fee of the "Haolong Port Equipment Procurement and Installation Project General Contracting Contract". ）

On December 22, 1978, the signing fee of 24.8 million US dollars (i.e. 40% of the total contract of 62 million US dollars) was paid for the signing fee of the "General Contract for Property Decoration and Configuration Engineering of the Haolong Project" (i.e., 40% of the total contract price of 62 million US dollars, and the contract payment was 50% of the total contract price, of which 10% was the project quality deposit. ）

Therefore, Haolong will begin to have a shortage of funds in the account next year, and after the project is fully completed, the total funding gap will be: 431.5236 million US dollars, and if the rent of the CIA office area is 165 million US dollars and the contract rent is in place, the actual total funding gap will be: 266.5236 million US dollars.

The financial situation of Xinghailong Company is as follows:

The company's account funds are: $175 million.

The company's major future payment items are:

On July 22, 1977, Xinghailong's "Project Commissioned Design Contract" contract acceptance payment of 25 million US dollars (i.e. 100% of the cumulative contract payment of 50 million US dollars) will be paid

On July 23, 1977, Xinghailong's "Project Construction and Construction General Contract" contract advance payment of 400000000 US dollars (that is, 20% of the total contract price of 2 billion US dollars, 50% of the total project payment, of which 10% as the project quality deposit) will be paid. ）

On July 23, 1977, the total contract amount of 20 million US dollars will be paid to Xinghailong's "Project Construction Supervision Agency Contract" (a total of 27 months, paid in 9 installments)

As a result, the short-term funding gap of Xinghailong is US$250 million, and the long-term shortfall is US$1.87 billion.

Kowloon City South East Project Budget: US$2,794.5 million.

thereinto

The total contract cost of project construction and installation: 2700000 US dollars (project period 24 months);

Project engineering design fee: US$67.5 million (i.e. 2.5% of the total cost of US$2.7 billion with a design period of 3 months);

Project construction supervision fee: US$27 million (i.e. 1% of the total cost of US$2.7 billion).

Therefore, the long-term funding requirements for the three projects are: $50,9602.36 million.

After we looked at the three project settlements and budgets, we started to discuss.

Yanfang said: "Ah Cai! If our three projects are launched at the same time, the gap of funds is more than 5.1 billion US dollars, after the follow-up projects are put into operation, we will also invest in operation and management fees, operating investment costs and project marketing costs, etc., if, in the future, these projects do not make money, these projects will consume a black hole of massive funds! ”

I said, "Of course! The mall is like a battlefield, and now, we are ready to send it! Therefore, we can only be conscientious, do everything well, and take every step well! At present, we have prepared enough funds for the construction of the project! As long as we don't make big mistakes in our work and management! We are steadily advancing the work in accordance with the regulations and plans of project planning, design and construction schedule! We shouldn't have a big problem with our funds! Next, in addition to doing a good job in project construction management, we must also do a good job in the operation plan, business plan and marketing plan of each project! Only these three major work plans are in line with the company's operation and market demand, and are operable! In this way, we can ensure that after these projects are put into operation, we can recover the capital or profit for the company! ”

Dr. Wei said: "At present, the construction projects such as the port office and living area and the CIA office and living area of the Haolong project have been completed and completed according to the schedule, and it is expected that by the end of this year, this section of the project will be completed and accepted!" The port infrastructure such as the wharf, the port operation area, the logistics and warehousing area, and the port mechanical and electrical maintenance plant have also entered the full construction stage, and we expect that by the end of next year, this section of the project will be completed! ”

Cai Jinghua said: "Chairman! Dear colleagues, At present, through more than half a year of comprehensive and in-depth research on the port city market, the Haolong operation department has fully grasped the market situation in terms of port equipment procurement and installation, and at the same time, we have selected and inspected several alternative suppliers and equipment installation engineering companies, and we are asking them to provide us with equipment procurement and supply plans and budgets for the actual situation of Haolong Port, as well as mechanical and electrical engineering plans and budgets such as equipment installation and commissioning! At the same time, our department has inspected, compared and screened these companies in terms of strength, qualification and ability many times! In the middle of next year, at that time, Haolong Port will carry out the installation and commissioning of port equipment and facilities, therefore, at that time, Haolong Company will choose two companies to sign the "Haolong Port Equipment Procurement and Supply General Contract", or "Haolong Port Equipment and Facilities Installation Project General Contract"! At present, our department has begun to prepare the company's business plans such as "Haolong Port Overall Operation Plan and Budget", "Haolong Project Business Plan and Budget", etc., and we have collected and registered the basic data and information, the basic situation of the settled customers! Now, we are compiling our plans, budgets and company management systems with reference to the management practices and cases of some mature international port and logistics base companies! We ensure that these management systems, such as plans, budgets and management systems, can ensure the operation, operation and profitability of the Haolong port base and the company after the project is put into operation! ”

Sister Wen Juan said: "Ah Cai! Hualong company's trade project research report and business plan, we have done a good job, do we want to be here, report to you?! ”

I said, "Sister Wenjuan! Hualong Company's trade project, I will discuss it with you and Cai Jinghua individually! Now, let's prepare immediately, on July 22, the design and acceptance of the Xinghailong project, and the general contracting of the project construction and security! On July 23rd, we started the registration of the project company of the Kowloon City South East project, and completed the contract for the planning and design of the project! ”

After the meeting, everyone went their separate ways to prepare for their own affairs.

I, Xiaoda, Sister Wen Juan, and Cai Jinghua were in the conference room discussing the trade projects of Hualong Company.

Before the discussion, I showed them the financial situation of Hualong Company:

The cash in the UBS account of Hualong Company is: $19.04 million; Bank of China Account Assets: US$10,000,000 fixed deposit at 4.5% p.a. from 26 January 1977 to 27 January 1980.

Sister Wen Juan smiled and said, "Ah Cai! I think, like Haolong and Xinghailong, the construction and investment cycle of these projects is too long! As long as our preparations are done well, the company's profit and making money is a matter of immediate results! Now, we have established a good business relationship with the Pontianak Port City International Trade Office, and we are confident in carrying out trade projects such as rubber and coffee. At the same time, we have contacted many international famous enterprises and industry buyers through Chairman George of the American Chamber of Commerce and Chairman Inoue of the Japan Chamber of Commerce, etc., who have a very large demand for rubber and coffee from Southeast Asia, and their purchase and consumption of these raw materials are increasing year by year! From the price reflection, our operating profit margin is very good, and the working capital turnover rate is very high! ”

Cai Jinghua said: "Ah Cai! Sister Wen Juan is right! Now, we want to operate this business, first of all, we have to establish a business and business team, and secondly, we have to go to the Pontianak Special Region to sign the "Origin Products International Trade Agency Franchise Qualification Authorization Contract" with their responsible persons for rubber, coffee and other agricultural products! I heard from Fang Guohui that the franchise fee for their single trade agency right has to pay several million dollars in franchise fees to the SAR authorities every year! These costs are considered to be the cost! If we don't make money, we will definitely lose the company's management fees and these franchise fees! ”

I said, "They charge franchise fees in accordance with international trade practices!" In this way, the two of you hurry up and take out the business plan and budget of Hualong Company's trade project! You start with rubber and coffee, and you go steady! You can try it out after a year! More than 10 million dollars in tuition, we can still afford it! You just have to do it boldly! If we don't do well, let's admit our losses, and in the second year, we won't sign a trade agency contract with Pontianak people! ”

Everyone laughed!

After the meeting, in the chairman's office, 500 million US dollars was remitted from Zhou Zilong's UBS account to Xinghailong's account through telephone entrustment; Remitted $500 million to the Opteron account.

In this way, the cash in the account of Xinghailong Company is: 675 million US dollars; The company's account has cash of $661,486,300.

At this time, Zhou Zilong's UBS account had $10,009,659,900 in cash.

In my opinion, the current cash arrangement should be more reasonable, so that there will be no shortage of cash in the company's account to operate. Xinghailong has no problem coping with the immediate start of the project headquarters and supervision.

In the development of the Kowloon City Southeast project, Zhou Zilong has $1 billion in cash in his UBS account, and I have enough funds to arrange the project design, project general contracting and supervision, etc., of course, I need to prepare $636.5 million in project funds for this process.

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At 9 o'clock in the morning of July 22, the senior management of Haolong Company, I, Xiaoda, Yanfang, Wei Dafu, Tang Hairong, Sister Wen Juan, Cai Jinghua, etc., as well as Brother Long and the technical personnel of his engineering company, listened to the design planning and engineering design plan report of David Zeng's design team on the Xinghailong project in the conference room of Haolong Company.

The planning scheme of Xinghailong project is consistent with the preliminary planning scheme:

1. Planned land area: 12,000 acres, that is, 8 million square meters;

2. Floor area ratio: 2.5;

3. Total construction area: 20 million square meters, all of which are ground buildings.

4. The functional area is planned as a food trade area for agricultural products, non-staple foods and seafood; mechanical and electrical products business area; living supporting service area; warehousing and logistics area; condominiums and residential complexes; Six major parts, such as the hotel comprehensive business district. The internal starter car, pedestrian paths, plazas and leisure gardens are planned between the areas.

5. The total construction area of the food trade comprehensive wholesale market (i.e., the food trade area) is 8 million square meters, and it is a three-storey row of shops along the street. It can be divided into single-shop independent property rights; It can accommodate about 100,000 merchants; 300,000 business employees. All of them can be sold for property rights.

6. The total construction area of the mechanical and electrical trade comprehensive wholesale market (i.e., the mechanical and electrical trade area) is 8 million square meters, and it is a three-storey row of shops along the street. It can be divided into single-shop independent property rights; It can accommodate about 100,000 merchants; 300,000 business employees. All of them can be sold for property rights.

7. The total construction area of the living supporting service area is 2 million square meters. It is a three-storey row of shops along the street. It can be divided into single-shop independent property rights; It can be divided into single-shop independent property properties. Accommodating the operation of department stores, daily necessities, household goods, electrical appliances, catering, leisure and entertainment and other commercial formats. All of them can be sold for property rights.

8. The total construction area of the warehousing and logistics area is 1 million square meters. It is a single-storey or multi-storey warehouse building, supporting logistics loading and unloading platforms, freight yards and parking lots. The property and grounds are mainly used for rent.

9. The total construction area of apartments and residential areas is 800,000 square meters. Multi-storey and high-rise condominium and residential buildings. Separate property rights are divided and sold.

10. The total construction area of the hotel comprehensive business district is 200,000 square meters. It is a star-rated international business hotel building. For rental.

11. Engineering construction and installation cost: 2 billion US dollars.

In terms of engineering construction and installation design of Xinghailong project, it fully meets the needs of regulations, environmental protection, materials and processes, as well as property use, convenience, safety, sales, leasing and management.

Therefore, after the end of the report, their plan was unanimously approved.

After the meeting, Xinghailong settled the project design fee to Zeng Dawei's design company, and Zeng Dawei provided Xinghailong with a design fee tax of 50 million US dollars.

After completing the matter of David Zeng, I signed the "General Contracting Contract for the Construction and Installation of Xinghailong Project" with Brother Long, the basic content of the contract is:

General contract content: complete the project construction and installation of equipment and facilities in accordance with the project planning and design requirements.

Project period: from July 22, 1977 to July 22, 1979.

Total turnkey cost: $2 billion.

Payment method: 30% of the total contract is paid in advance, of which 10% of the total contract is used as the project quality deposit, and the actual payment is 4000000 US dollars; When the project is halfway through, 50% of the total amount is paid, and the actual payment is 4000000 US dollars; After the project is completed and accepted, all the general contract will be paid, of which 5% of the total contract will be used as the deposit for the project without quality complaints (refunded without interest within three days after completion and acceptance), and the actual payment is 9000000 US dollars.

After signing the contract, Yanfang paid a contract advance of US$400 million to Longge's engineering and construction group company through Xinghailong's account.

David Zeng delivered the construction and installation drawings to the technical staff of Longge, and at the same time, David Zeng began to hire a construction supervision company.

Dr. Wei and Tang Hairong went to the Department of Public Works to handle the project planning and design filing of the urban infrastructure supporting project and the main project of the Xinghailong project, as well as the commencement procedures.

After handling the matter, Brother Long shook hands with me and said, "Ah Cai! I'm going to arrange for the entry and commencement of the Xinghailong project! Tomorrow morning, when we discuss the development plan for the Kowloon City South East project, I will bring someone over to the meeting! ”

After Brother Long finished speaking, he took his people and left!

As a result, the cash balance in Xinghailong's account was: US$250 million.

......

At 9 a.m. on July 23, me, Xiao Da, Yan Fang and Tang Hairong, as well as Brother Long and David Zeng, were in the chairman's office of Haolong Company to discuss the development of the Kowloon City Southeast project.

The preliminary planning scheme of the Kowloon City South East Project is:

1. Planned land area: 400 hectares, that is, 6,000 acres, 4 million square meters;

2. Floor area ratio: 4.5;

3. The total construction area is 18 million square meters, including 14 million square meters of ground buildings and 4 million square meters of underground buildings;

4. The functional area is planned as a large-scale conjoined block-type shopping and leisure entertainment area; noble residential complex; hotel business district; underground shopping mall area; There are five areas such as the underground parking area. The internal starter car, pedestrian paths, plazas and leisure gardens are planned between the areas.

5. The total construction area of the large-scale conjoined block-type shopping and leisure entertainment area is 10 million square meters; Among them: 8 million square meters of above-ground buildings and 2 million square meters of underground buildings. It is composed of a number of large shopping malls with five floors above ground and two floors underground, as well as a two-storey corridor block building layout. It can be sold in a split of all property rights.

6. The total construction area of the noble residential area is 3 million square meters, and it is a high-rise tower building on the top of many shopping centers. All can be sold.

7. The total construction area of the hotel business district is 1 million square meters, which is the layout of a number of high-rise office buildings and star-rated international business hotels. Among them, the office building is 800,000 square meters, which can be divided and sold; The hotel property is 200,000 square meters for rent.

8. The total construction area of the underground parking area is 2 million square meters, which is separated from the underground shopping mall and is a two-storey standard parking lot for urban vehicles. Supporting leasing, can also be sold.

9. Engineering construction and installation cost: 2.7 billion US dollars.

Brother Long smiled and said, "Ah Cai! This project and David Zeng still account for 10% or 5% of the dry shares like the Xinghailong project, right?! ”

I said, "Yes!" The content of the company's board of directors charter is still the same as the original! Let's give this company a name now! ”

David Zeng smiled and said, "Ah Cai! The name of this project is New Century! New Century Real Estate Development Company! What do you think? ”

I said, "That's a good name!" Show that we are doing something of the future! Xiaoda and Lawyer Tang, you should immediately go to the industrial and commercial department to form this company! ”

Therefore, Mr. Tang took out the "Articles of Association of the Board of Directors of the Company" prepared in advance, filled in the name of the company "New Century", and asked me, Brother Long and David Zeng to sign it.

The main contents of the Articles of Association of the Board of Directors of the Company are as follows:

Company name: New Century Real Estate Development Co., Ltd

The company's business content: the development and operation of 400 hectares, that is, 6,000 acres of land for the New Century Project (see the land certificate and parcel map of Kowloon City Southeast for details).

Share structure: Zhou Zilong holds 85% of the shares; Long Haitao accounted for 10% of the dry shares; David Zeng accounted for 5% of the dry shares.

Investment: Zhou Zilong is responsible for providing land and 100% of the company's capital investment.

Share disposal method: dry shares are not allowed to be withdrawn and transferred within five years after the company makes a profit!

Shareholder division of labor: Zhou Zilong serves as the chairman of the company and is responsible for the company's overall business decisions; Long Haitao served as a director and was responsible for the general contracting of the project; David Tsang is a Director and is responsible for the design of the project and the technical management of the project construction.

After the three of us saw that there was no problem, we signed the "Articles of Association of the Board of Directors of the Company".

After the signing was completed, Mr. Tang asked the three of us to hand over our personal documents to him, and he and Xiaoda took our documents and a full set of "Articles of Association of the Board of Directors of the Company" to the Department of Industry and Commerce to register!

......

At 12 noon, Mr. Tang and Mr. Xiaoda brought back the registration of New Century Company, and they brought back three copies of the Articles of Association of the Board of Directors of the Company stamped with the seal of the industrial and commercial department, signed by the three of us, as well as the business license, tax registration certificate, bank account and complete set of business seals of New Century Company.

After Brother Long gave him his copy of the "Articles of Association of the Board of Directors of the Company", he smiled and said, "Ah Cai! New Century Company has been established! Hurry up and let David Zeng design this project! This project should start as soon as possible! Recently, more and more people have been pouring into Port City! Let's get to know these things first! Now I have more and more things, I'll deal with the affairs of Long's company first! ”

So, Brother Long took his followers away in a hurry!

After Brother Long and the others left, for the operation of New Century Company, I entrusted payment by telephone and remitted 800 million US dollars from Zhou Zilong's UBS account to New Century Company's account, because the pre-contract funds for the New Century Project need 634.5 million US dollars.

......

At 2 o'clock in the afternoon, I, Xiaoda, Yanfang and Tang Hairong signed the "New Century Project Planning and Engineering Construction Design Entrustment Contract" with David Zeng in the conference room of Haolong Company, and the main terms of the contract are:

Design cost: US$67.5 million (2.5% of total cost of US$2.7 billion);

Design period: from July 24, 1977 to October 24, 1977.

Payment method: 50% of the design fee is paid in advance, that is, 33.75 million US dollars; After the design is completed and accepted, the full advance payment will be paid.

After everyone saw that there was no problem with the contract, David Zeng and I signed the contract.

After signing the contract, Yanfang paid a contract advance of US$33.75 million to David's design company through the account of New Century Company, and David Zeng issued a receipt for the payment to Yanfang after receiving the payment.

After handling the design task of the new century, David Zeng asked me to sign the "Xinghailong Project Construction Supervision Agency Contract", and we still hired a company to supervise the construction supervision of the Haolong project to supervise the Xinghailong project.

The main terms of the contract are:

Supervision cost: US$20 million, i.e. 1% of the total project cost of US$2 billion;

Supervision period: from August 22, 1977 to November 22, 1979;

Payment method: The supervision fee is paid quarterly, in 9 installments, and the first installment of the fee is 2.2222 million US dollars after the contract is signed.

After I saw that there was nothing wrong with the contract, I signed and stamped the contract.

After signing the agency contract, Yanfang paid the first phase of supervision fees of 2.2222 million US dollars to the supervision company through Xinghailong Company, and the financial personnel of the supervision company issued a receipt for Yanfang.

After handling these things, David Zeng went to arrange his affairs.

At this time, the account capital of Xinghailong Company was 247,777,800 US dollars, and the account capital of New Century Company was 766,250,000 US dollars.

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