December 2024. Whereafter the Facility shall be cancelled (the “Final Maturity Date”).
4.2 The Borrower shall be entitled to cancel any undrawn part of the Facility (such part always being equal to USD 1,000,000 or any whole multiple thereof) without penalty upon giving the Lender 10 Business Days’ irrevocable written notice. Amounts cancelled may not be redrawn. Upon expiry of such 10 Business Day period, the Facility will be reduced by the cancelled amount.
4.3 No drawings shall be allowed hereunder after 31 December 2023. All undrawn amounts on the date after such date shall be cancelled automatically.
4.4 Each Tranche may be prepaid in whole or in part at any time.
December 2024. In the periods March, April and May 2024 (when the salary is paid every 4 weeks; pay periods 3, 4 and 5), had an employment contract of at least 32 hours per week and/or was working an average of 32 or more hours per week for one or more employers in the cleaning industry From 1 January 2025 to 30 June 2025. In the periods September, October and November 2024 (when the salary is paid every 4 weeks; pay periods 9, 10 and 11), had an employment contract of at least 32 hours per week and/or was working an average of 32 or more hours per week for one or more employers in the cleaning industry From 1 July 2025 to 31 December 2025. In the periods March, April and May 2025 (when the salary is paid every 4 weeks; pay periods 3, 4 and 5), had an employment contract of at least 32 hours per week and/or was working an average of 32 or more hours per week for one or more employers in the cleaning industry
December 2024. Parties:
December 2024. For example, for a teacher currently paid on step 2, with an anniversary date of 24 February, the translation would be as follows: Before variation 3 July 2023 1 Dec 2023 24 Feb 2024 3 April 2024 2 Dec 2024 24 Feb 2024 Step 2 Step 1 Step 1 Step 2 Step 2 Step 2 Step 3 Base salary $57,444 $56,757 $57,358 $61,948 $61,948 $64,083 $66,586 Allowance $787 $2,186 Total salary $57,544 $59,544
December 2024. Parties:
(1) the Company (as seller); and (2) Hi Sun (as purchaser) (each a "Party" and collectively as the "Parties") Subject matter: The Group will sell and Hi Sun Group will purchase the E-payment Terminals products in accordance with the terms of the Individual Agreements.
(a) the Sale would be on normal commercial terms following arm’s length negotiations; (b) the prices of the E-payment Terminals products would be determined with reference to the prices of the same or similar products sold by the Group to independent third parties and the prevailing market prices of products with similar features and specification at the relevant time; and (c) the terms and conditions of the Sale, including the prices, order quantity, terms of settlement, delivery and shipment when considered as a whole, would be no less favourable to the Group than those offered to independent third parties from time to time. Term: Three years commencing on 1 January 2025 and ending on 31 December 2027. Either party may also terminate the agreement by giving a written notice to the other party three (3) months in advance. The following table sets out the annual caps under the Existing Framework Agreement for the three years ended/ending 31 December 2022, 31 December 2023 and 31 December 2024 and the approximate aggregate Consideration of E-payment Terminals products sold by the Group to Hi Sun Group for the two years ended 31 December 2022 and 31 December 2023 and the 11 months ended 30 November 2024, respectively: For the year ended 31 December 2022 For the year ended 31 December 2023 For the year ending 31 December 2024 (audited) (audited) HKD’000 HKD’000 HKD’000 Annual cap under the Existing Framework Agreement* 20,000 20,000 20,000 Actual Consideration* 153 0 0 (for the 11 months ended 30 November 2024 (unaudited)) * Before value-added tax As far as the Directors are aware, none of the annual caps under the Existing Framework Agreement has been exceeded as at the date of this announcement. The Annual Cap for the Consideration of the Sales (before value added tax) under the 2025 Framework Agreement for each of the year ending on 31 December 2025, 2026 and 2027 is HK$20,000,000, HK$20,000,000 and HK$20,000,000, respectively. The Annual Caps have been determined by the Company based on the following considerations:
(i) the trivial Sales during the term of the Existing Framework Agreement were mainly due to fierce competition within the Mainland Chinese payment terminal market for E...
December 2024. Basis of the consignment fee and the consignment commission rate under the Consignment Framework Agreement The consignment fee under the Consignment Framework Agreement is determined based on the gross sales revenue of the consigned Processed Scrap Materials multiplied by the applicable consignment commission rate, which is determined on negotiation between Wuling Industrial and Wuling Real Estate on an arm’s length basis with reference to the specific scope of services involved in the processes and the consignment commission rates normally adopted by other recyclers in the recycling industry. ANNUAL CAPS The table below sets out the Annual Caps during the terms of the Consignment Framework Agreement, i.e., from 29 July 2022 to 31 December 2024: Period from 29 July 2022 to 31 December Year ending 31 December 2022 2023 2024 RMB’000 RMB’000 RMB’000 Annual cap 9,580 18,500 18,500 No historical transaction amounts of consignment fee is available as the procedures as described under the scope of Consignment Services were used to be performed by Wuling Industrial internally. Basis of Annual Caps The Annual Caps have been determined based on (i) the forecasted sales revenue of the Processed Scrap Materials by Wuling Industrial during the terms of the Consignment Framework Agreement, i.e., from 29 July 2022 to 31 December 2024, as prepared by the management of Wuling Industrial; (ii) the actual amount of proceeds from the sale of Processed Scrap Materials received by Wuling Industrial for the year ended 31 December 2021; and (iii) the applicable consignment commission rate as described under the section headed ‘‘THE CONSIGNMENT FRAMEWORK AGREEMENT — Basis of the consignment fee and the consignment commission rate under the Consignment Framework Agreement’’ in this announcement. INFORMATION ON THE PARTIES The Company and the Group The Company is incorporated in Bermuda with limited liability and is an investment holding company. As at the date of this announcement, the ultimate controlling shareholder of the Company is Guangxi Automobile, which owns approximately 56.54% of the issued share capital of the Company. The Group, through Wuling Industrial, is principally engaged in the manufacturing and trading of automotive components, vehicles’ power supply systems and commercial vehicles assembly, as well as the trading of raw materials and the provision of water and power. Wuling Industrial Wuling Industrial was established on 30 October 2006 in the PRC. Wuling Indus...
December 2024. Cranbourne Transit Enterprise Agreement 2022 AE516752 1 Passenger vehicle transport (non rail) industry 29 July 2022 30 June 2026
December 2024. EU Deforestation Regulation set to enter into effect for larger businesses – including UK companies – covering cattle, cocoa, coffee, palm oil, rubber, soya and wood products and derivations thereof, including meat, leather, chocolate, paper, printed books produced on or after 29 June 2023.
December 2024. For ashes and soot from private households containing or contaminated by polychlorinated dibenzo-p-dioxins and dibenzofurans (PCDD/PCDF) and polychlorinated biphenyls (dl-PCBs), the value of 5 μg/kg provided in the Annex of the Regulation amending Annex IV and V to Regulation (EU) 2019/1021 shall apply from 1 January 2025.’