BOARD’S APPROVAL. The Financial Services Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors between the Company and the Finance Company. Moreover, while the executive Directors and the non-executive Directors concurrently serve as directors or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Financial Services Agreement entered into by the Company and the Finance Company. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Financial Services Agreement and the transactions contemplated thereunder, including the annual caps. As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since the Finance Company is a subsidiary of the Parent Company, the Finance Company is therefore a connected person of the Company. Accordingly, the Financial Services Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the maximum daily balance of deposits (including the interest accrued thereon) under the Financial Services Agreement is more than 0.1% but less than 5%, the provision of deposit services by Finance Company to the Company under the Financial Services Agreement is subject to the reporting, annual review and announcement requirements, but exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules. The loan services which may be provided by Finance Company to the Company under the Financial Services Agreement will constitute financial assistance to be provided by a connected person for the benefit of the Company. Given that such financial assistance is on normal commercial terms or on terms similar to or more favourable than those offered by independent third parties for comparable services in the PRC, which is not secured by the assets of the Company, it is exempt from the reporting, annual review, announcement and the Independent Shareholders’ approval requirements under Rule 14A.90 of the Listing Rules. As the highest applicable percentage ratio (as def...
BOARD’S APPROVAL. The Agreements were approved by the Board. Since no Director has material interest in the transactions contemplated under the Agreements, thus none of the Directors abstained from voting at the Board’s meeting to approve the Agreements.
BOARD’S APPROVAL. The seventeenth meeting of the eighth session of the Board of the Company has approved the transaction under the Entrusted Loan Agreement. None of the Directors has any material interests in the Entrusted Loan Agreement. Those connected Directors, namely Xxxx Xxxxxxx, Xx Xxxxxxx and Xxxxx Xxxxxxx (all of whom are the key management personnel of CDC), have abstained from voting for approval of such resolution in accordance with the listing rules of the Shanghai Stock Exchange.
BOARD’S APPROVAL. None of the Directors have material interest in the transaction under the Technical Monitoring Framework Agreement. Those connected Directors, namely Xxxx Xxxxxxx, Xxx Xxxxxxxxx and Xxxxx Xxxxxxx, being the key management of CDC, have abstained from voting at the relevant Board meeting for approval of the relevant resolution in accordance with the requirements of the listing rules of the Shanghai Stock Exchange.
BOARD’S APPROVAL. The Entrusted Project Management Framework Agreement and the transactions contemplated thereunder, including the annual cap, were approved by the Board. As at the date of this announcement, Xx. Xxxx Xxxxxxx (executive Director and the chairman of the Board), Xx. Xxx Xxxxxxxx (executive Director), Xx. Xxx Xxxxxxxx (non-executive Director) and Mr. Xxxx Xxx (non-executive Director) concurrently serve as director or senior management of the Parent Company. Therefore, the above Directors are deemed or may be perceived to have a material interest in the Entrusted Project Management Framework Agreement and have abstained from voting on the Board resolutions approving the Entrusted Project Management Framework Agreement and the transactions contemplated thereunder, including the annual cap. Save as disclosed above, no other Directors have a material interest in the Entrusted Project Management Framework Agreement and the transactions contemplated thereunder and have abstained from voting on the Board resolutions approving the same, including the annual cap. As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. The Parent Company is therefore a connected person of the Company. Accordingly, the Entrusted Project Management Framework Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the Entrusted Project Management Framework Agreement is more than 0.1% but less than 5%, the Entrusted Project Management Framework Agreement is subject to the reporting, annual review and announcement requirements, but is exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The CAHM Premises Leasing Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and CAHM. Moreover, while the executive Directors and the non-executive Directors concurrently serve as director or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the CAHM Premises Leasing Agreement entered into by the Company and CAHM. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the CAHM Premises Leasing Agreement and the transactions contemplated thereunder, including the annual caps. As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. CAHM is a wholly-owned subsidiary of the Parent Company and is therefore a connected person of the Company. Accordingly, the CAHM Premises Leasing Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the CAHM Premises Leasing Agreement is more than 0.1% but less than 5%, the CAHM Premises Leasing Agreement and the transactions contemplated thereunder (including the annual caps) are subject to the reporting, annual review and announcement requirements, but exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The Landside Shuttle Bus Services Agreement was approved by the Board. As at the date of this announcement, there is no overlapping directors between the Company and the Parent Company or the Bus Company. Certain executive and non-executive Directors concurrently serve as the chairman of supervisory committee of the Parent Company and the deputy general managers of the Parent Company only, and there is no overlapping senior management between the Company and the Bus Company. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the Landside Shuttle Bus Services Agreement. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Landside Shuttle Bus Services Agreement and the transactions contemplated thereunder. As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. The Parent Company owns 51% of the equity interest in the Bus Company. As such, the Bus Company is an associate of the Parent Company and, therefore, a connected person of the Company. Accordingly, the Landside Shuttle Bus Services Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the Landside Shuttle Bus Services Agreement is more than 0.1% but less than 5%, the Landside Shuttle Bus Services Agreement and the transactions contemplated thereunder are subject to the reporting, annual review and announcement requirements, but exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The Land Lease Agreement, the Gold Refinery Agreement, the Digital Mine Construction Technology Services Agreement and the Framework Agreement for Sale of Silver were approved by the Board on 20 March 2015 to be inserted by the Company and none of the Directors has any material interest in the transactions contemplated thereunder. Xx. Xxxx Xxxxxxx and Xx. Xx Xxxxxxxxx have abstained from voting at the Board’s meeting to approve the Land Lease Agreement, the Gold Refinery Agreement, the Digital Mine Construction Technology Services Agreement and the Framework Agreement for Sale of Silver by virtue of being the management staff of Xxxxxxxx Xxxxxxx. As at the date of this announcement, Shandong Zhaojin is the controlling Shareholder of the Company. Zhaojin Refinery, Goldsoft Technology and Zhaojin Import and Export are subsidiaries of Shandong Zhaojin and are therefore connected persons of the Company and the transactions contemplated under the Land Lease Agreement, the Gold Refinery Agreement, the Digital Mine Construction Technology Services Agreement and the Framework Agreement for Sale of Silver constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Given that each of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of each of the Land Lease Agreement, the Gold Refinery Agreement, the Digital Mine Construction Technology Services Agreement and the Framework Agreement for Sale of Silver is less than 5%, the transactions under the Land Lease Agreement, the Gold Refinery Agreement, the Digital Mine Construction Technology Services Agreement and the Framework Agreement for Sale of Silver are subject to the reporting and announcement requirements but are exempt from the independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The 2021 Supplemental Food and Beverage Leasing Agreement was approved by the Board. As at the date of this announcement, there are no overlapping directors between the Company and each of the Parent Company or Beijing Airport Food Management. Certain executive and non-executive Directors concurrently serve as the general manager and deputy general managers of the Parent Company only, and there is no overlapping senior management between the Company and Beijing Airport Food Management. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the 2021 Supplemental Food and Beverage Leasing Agreement. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the 2021 Supplemental Food and Beverage Leasing Agreement and the transactions contemplated thereunder. As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Airport Food Management is a wholly-owned subsidiary of the Parent Company, Beijing Airport Food Management is therefore a connected person of the Company. Therefore, the transactions contemplated under the 2021 Supplemental Food and Beverage Leasing Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, as the 2021 Supplemental Food and Beverage Leasing Agreement constitutes a material change to the terms of the 2017 Food and Beverage Leasing Agreement (as amended by the 2020 Supplemental Food and Beverage Leasing Agreement), the Company will be required to re-comply with the relevant requirements of Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the 2021 Supplemental Food and Beverage Leasing Agreement is more than 0.1% but less than 5%, the transactions contemplated thereunder are subject to the annual review, reporting and announcement requirements, but are exempt from the Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. None of the Directors has a material interest in the transaction under the Substitutive Power Generation Volume Agreement. Connected Directors, namely Xxxx Xxxxxxx, Xxx Xxxxxxxxx and Xxxxx Xxxxxxx, have abstained from voting on this resolution at the relevant Board meeting pursuant to the listing rules of the Shanghai Stock Exchange.
