Common use of BOARD’S APPROVAL Clause in Contracts

BOARD’S APPROVAL. The Leasing Framework Agreement was approved by the Board. As at the date of this announcement, there are no overlapping directors between the Company and the Parent Company or the Property Management Company. Only one executive Director concurrently serves as the chairman of the Parent Company, one executive Director and three non-executive Directors concurrently serve as the deputy general managers of the Parent Company, and there is no overlapping senior management between the Company and the Property Management Company. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the Leasing Framework Agreement. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Leasing Framework 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 Property Management Company is a wholly-owned subsidiary of the Parent Company and is, therefore, a connected person of the Company. Accordingly, the Leasing Framework 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 Leasing Framework Agreement is more than 0.1% but less than 5%, the Leasing Framework 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 Leasing Framework Agreement was Business Jet Ground Services Joint Operation Agreements 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 BAMCL. Moreover, while the Parent Company or executive Directors and the Property Management Company. Only one executive Director concurrently serves as the chairman of the Parent Company, one executive Director and three non-executive Directors concurrently serve as the deputy general managers directors or senior management of the Parent Company, and there is no overlapping senior management between the Company and the Property Management Company. Moreover, none of the such Directors personally has any material interest in the transactions contemplated under the Leasing Framework AgreementBusiness Jet Ground Services Joint Operation Agreements. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Leasing Framework Agreement Business Jet Ground Services Joint Operation Agreements 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. The Property Management Company Since BAMCL is a wholly-owned subsidiary of the Parent Company and isCompany, therefore, BAMCL is a connected person of the Company. Accordingly, the Leasing Framework Agreement Business Jet Ground Services Joint Operation Agreements and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As Given that the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the Leasing Framework Agreement Business Jet Ground Services Joint Operation Agreements is more than 0.1% but less than 5%, the Leasing Framework Agreement Business Jet Ground Services Joint Operation Agreements 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 CAHM Premises Leasing Framework Agreement was 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 Parent Company or executive Directors and the Property Management Company. Only one executive Director concurrently serves as the chairman of the Parent Company, one executive Director and three non-executive Directors concurrently serve as the deputy general managers director or senior management of the Parent Company, and there is no overlapping senior management between the Company and the Property Management Company. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the CAHM Premises Leasing Framework AgreementAgreement 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 Framework 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. The Property Management Company CAHM is a wholly-owned subsidiary of the Parent Company and is, therefore, is therefore a connected person of the Company. Accordingly, the CAHM Premises Leasing Framework 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 Framework Agreement is more than 0.1% but less than 5%, the CAHM Premises Leasing Framework 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 BAFM Premises Leasing Framework Agreement was 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 BAFM. Moreover, while the Parent Company or executive Directors and the Property Management Company. Only one executive Director concurrently serves as the chairman of the Parent Company, one executive Director and three non-executive Directors concurrently serve as the deputy general managers director or senior management of the Parent Company, and there is no overlapping senior management between the Company and the Property Management Company. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the BAFM Premises Leasing Framework AgreementAgreement entered into by the Company and BAFM. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the BAFM Premises Leasing Framework 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. The Property Management Company BAFM is a wholly-owned subsidiary of the Parent Company. As such, BAFM is an associate of the Parent Company and is, therefore, therefore a connected person of the Company. Accordingly, the BAFM Premises Leasing 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 ratio ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the BAFM Premises Leasing Framework Agreement is more than 0.1% but less than 5%, the BAFM Premises Leasing Framework Agreement and the transactions contemplated thereunder are 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 BACT Premises Leasing Framework Agreement was 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 BACT. Moreover, while the Parent Company or executive Directors and the Property Management Company. Only one executive Director concurrently serves as the chairman of the Parent Company, one executive Director and three non-executive Directors concurrently serve as the deputy general managers director or senior management of the Parent Company, and there is no overlapping senior management between the Company and the Property Management Company. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the BACT Premises Leasing Framework AgreementAgreement entered into by the Company and BACT. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the BACT Premises Leasing Framework 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. The Property Management Company BACT is a wholly-owned subsidiary of the Parent Company and is, therefore, is therefore a connected person of the Company. Accordingly, the BACT Premises Leasing Framework 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 BACT Premises Leasing Framework Agreement is more than 0.1% but less than 5%, the BACT Premises Leasing Framework 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.