Examples of Proposed Annual Caps in a sentence
Proposed Annual Caps: The Proposed Annual Caps of providing the Services for the three financial years ending 31 December 2015 of the Company are HK$3,000,000, HK$3,300,000 and HK$3,600,000 respectively.
In the event that the Service Fee would exceed the Proposed Annual Caps and the Aggregated Proposed Annual Caps for any of the three financial years ending 31 December 2015, the Company will comply with Rule 20.36 of the GEM Listing Rules as applicable.
In view of their relationship with ETL, Xx. Xxxx and Xx. Xxxx have abstained from voting on the Board’s resolution in approving the Agreement and the Proposed Annual Caps in compliance with the GEM Listing Rules.
As one or more of the applicable percentage ratios in respect of the Aggregated Proposed Annual Caps and the Proposed Annual Caps alone exceed 0.1% but are less than 5% respectively, the entering into of the Agreement and the Proposed Annual Caps are subject to the reporting and announcement requirements but are exempt from the independent Shareholders’ approval requirement under the GEM Listing Rules.