Carpark Sales Agency Services fees Sample Clauses

Carpark Sales Agency Services fees. The existing annual caps for the service fees in respect of the Carpark Sales Agency Services to be provided by the Group under the Carpark Sales Agency Services Framework Agreement is RMB12.4 million for each of the two years ending 31 December 2023. In view that the Group will be able to sell more carparks as a result of the Exclusive Rights and also capture the difference between the actual sales price and the Base Values as service fees in respect of the Exclusive Carparks, the annual cap for the service fees in respect of the Carpark Sales Agency Services for the year ending 31 December 2023 is proposed to be revised to RMB32 million, under the Supplemental Carpark Sales Agency Services Framework Agreement. In addition, the proposed annual cap for the service fees in respect of the Carpark Sales Agency Services for the year ending 31 December 2024 is RMB46 million. In arriving at the abovementioned proposed annual cap for the two years ending 31 December 2024, the Directors have taken into account, among others, (i) the historical transaction amount of approximately RMB8.4 million for the ten months ended 31 October 2022 under the Carparks Sales Agency Services Framework Agreement; (ii) the expected number of car parking spaces to be sold or leased with reference to the existing signed contracts and potential new contracts with Redco Group for the Carpark Sales Agency Services and the estimation of the delivery schedule of Redco Group; (iii) the additional number of Exclusive Carparks expected to be sold or leased by the Group pursuant to the Supplemental Carpark Sales Agency Services Framework Agreement; (iv) the estimated sales price or rental fee of car parking spaces developed by the Redco Group; and (v) the estimated agency fee to be charged for each car parking space sold or leased with reference to the historical agency fee charged by the Group.
Sample 1
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