In an official statement sent to media, the company officially terminated its agreement with DaiBei Production Inc.
Initially, East West was tasked to handle the management of venue ground logistics, as well as the marketing and production of the "F4 Live Happy New Year 2004" concert at The Fort.
According to the statement issued by East West, DaiBei Production, Inc. failed to comply with the security requirements of Fort Bonifacio Development Corporation (FBDC). The agreement ensures the audience safety, proper people traffic management, proper vehicular traffic flow and other logistics required for efficient crowd control management.
Secondly, DaiBei Productions, Inc. which is headed by Mr. Ayrin Lo, Mr. Lawrence Lo and Mr. Liao Wei Chen also failed to pay the necessary fees on the agreed date. The company was suppose to issue initial payments for the venue, ground logistics and other suppliers so that all production requirements will be ready in time for the Dec. 26 concert.
Lastly, Taiwanese group also failed to submit the necessary documents required for the issuance of OPM and AMP clearances.
In lieu of these reasons East West Global Entertainment is no longer confident to work with DaiBei.