Actual Transaction Amounts. The annual aggregate amounts paid by the relevant members of the Group to CR Energy Services or its subsidiaries in relation to the provision of Contract Energy Management and Contract Environment Management by CR Energy Services or its subsidiaries under various individual contracts for the year ended 31 December 2013 and the ten months ended 31 October 2014 amounted to RMB24.69 million (equivalent to approximately HK$31.16 million) and RMB43.58 million (equivalent to approximately HK$55.00 million), respectively.
Actual Transaction Amounts. As stated in the April 2021 Announcement, the First Quarter Contract was completed. Based on the unaudited accounting records of the Company, the actual transaction amount under the First Quarter Contract was approximately RMB191 million, which did not exceed the estimated aggregate maximum transaction amount of RMB200,000,000 for the period from 15 January 2021 to 31 March 2021. Based on the unaudited accounting records of the Company, the actual transaction amounts under the Procurement of Cement Admixtures (Grinding Aids) Contract was approximately RMB596 million since 1 April 2021 up to the date of this announcement, which have not exceeded the estimated aggregate maximum transaction amount of RMB600,000,000 for the period from 1 April 2021 to 31 December 2021. As of the date of this announcement, the total actual transaction amounts of approximately RMB787 million under the First Quarter Contract and the Procurement of Cement Admixtures (Grinding Aids) Contract have not exceeded the Existing 2021 Annual Cap. As disclosed in the April 2021 Announcement, after taking into account the stability and adaptability of grinding aid products and the availability of secured supply, the Company conducted price inquiry and comparison of current top tier domestic suppliers of cement grinding aids through a comprehensive review of a number of factors, upon which, Conch New Materials Company was finally selected as the Group’s domestic supplier of cement grinding aid products in consideration of its optimal overall price-performance ratio and its reliability in terms of secured supply. The unit price of composite type cement grinding aid products under the Procurement of Cement Admixtures (Grinding Aids) Contract was determined based on the results of the price inquiry and comparison as described above, and upon further competitive negotiations between the Company and Conch New Materials Company (the price is lower than the unit price under the First Quarter Contract). The prices of the production-increasing type and the enhanced type grinding aid products are settled on the basis of the price of the composite type grinding aids products, with upward and downward adjustment of 3%. In addition, in order to protect the rights and interests of the Parties, during the validity period of the Procurement of Cement Admixtures (Grinding Aids) Contract, both Parties have adjusted and will continue to adjust the purchase price quarterly according to the market price fluctuati...
