CEC Rida Sample Clauses

CEC Rida. CEC Rida is principally engaged in the business of provision of property management services in the PRC. CEC Rida is a subsidiary of CEC. LISTING RULES IMPLICATIONS As at the date of this announcement, CEC Rida is a subsidiary of CEC and CEC is the ultimate controlling shareholder of the Company. Accordingly, each of CEC and CEC Rida is a connected person of the Company under the Listing Rules, and the transactions contemplated under the 2018 Master Property Management Agreement and the 2018 Master Lease Agreements will constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As one or more of the relevant percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the 2018 Master Property Management Agreement, the 2018 First Master Lease Agreement and the 2018 Second Master Lease Agreement are higher than 0.1% but all of which are less than 5%, and each has an annual cap consideration of more than HK$3,000,000, the entering into the 2018 Master Property Management Agreement, the 2018 First Master Lease Agreement, the 2018 Second Master Lease Agreement and the transactions contemplated thereunder are subject to the reporting, announcement and annual review requirements of the Listing Rules, but are exempt from the circular (including independent financial advice) and the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. None of the Directors have a material interest in the 2018 Master Property Management Agreement, the 2018 Master Lease Agreements and the transactions contemplated thereunder. Accordingly, no Director was required to abstain from voting on the Board resolutions for considering and approving the same.
Sample 1
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CEC Rida. Pursuant to the Master Property Management Agreement, the CEC Rida Group shall from time to time provide property management services within the public areas in the industrial parks and the areas in the industrial parks retained by the Group for its own use (the “Designated Areas”), which includes the areas covered by the CEC Beihai Property Management Agreement, during the term of the Master Property Management Agreement. The major scope of services provided under the Master Property Management Agreement includes but is not limited to:
Sample 1

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