DIRECTORS’ CONFIRMATION Sample Clauses

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the opinion that the continuing connected transactions under the Pig Blood Products Supply Framework Agreement will continue to be carried out in the ordinary and usual course of business of the Group, and on normal commercial terms which (including the annual caps) are fair and reasonable and in the interests of the Company and the shareholders of the Company as a whole. As none of the Directors has a material interest in the Pig Blood Products Supply Framework Agreement, none of the Directors has abstained from voting on the Board meeting approving the aforesaid transactions.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the view that the terms of the CMC Technical Services Framework Agreement (including the annual caps thereunder) are fair and reasonable, and that the transactions contemplated thereunder are in the ordinary and usual course of business of the Company, on normal commercial terms and in the interests of the Company and the shareholders as a whole. As at the date of this announcement, as each of Xx. Xxxx Xxxx, Xx. Xxxxxx Xx, Xx. Xxxxxxx Xxxx, Xx. Xxxxxx Xxx and Xx. Xxxxx Xxx holds various positions with Fosun Pharma and/or its subsidiaries, each of them has abstained from voting on the Board resolutions approving the CMC Technical Services Framework Agreement and the transactions contemplated thereunder. Save for the above, to the best knowledge, information and belief of the Directors after having made all reasonable enquiries, no other Director has a material interest in the CMC Technical Services Framework Agreement, and no other Director has abstained from voting on the relevant Board resolutions approving the CMC Technical Services Framework Agreement and the transactions contemplated thereunder.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the view that the terms of each of the Consultancy Agreements, the New Framework Purchase Agreements and the Supplemental Leasing Agreement were determined through arm’s length negotiations amongst the parties thereto, are based on normal commercial terms, and that the entering into of the Consultancy Agreements, the New Framework Purchase Agreements and the Supplemental Leasing Agreement is in the ordinary and usual course of business of the Group, and together with the Revised Annual Cap and the Proposed Annual Caps, are fair and reasonable and in the interests of the Company and the Shareholders as a whole. Since Jiangsu Redsun Household, Nanjing Hong Yang Life Commercial, Jiangsu Redsun Materials City, the Connected Family Suppliers and Nanjing Home Furnishing are associates of Xx. Xxxx, Xx. Xxxx was deemed to have material interests in, and has abstained from voting on, the resolutions passed by the Board to approve the Consultancy Agreements, the New Framework Purchase Agreements, the Supplemental Leasing Agreement and the transactions contemplated thereunder. Save as disclosed above, none of the Directors has any material interest in, or was required to abstain from voting on the resolutions passed by the Board to approve the Consultancy Agreements, the New Framework Purchase Agreements, the Supplemental Leasing Agreement, the Revised Annual Cap and the Proposed Annual Caps.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) consider that the Tenancy Framework Agreement was entered into in the ordinary and usual course of business of the Group and are on normal commercial terms which are fair and reasonable and in the interests of the Company and the Shareholders as a whole, and that the annual caps for the aggregate rental amount payable under the tenancy transactions from members of the Group pursuant to the Tenancy Framework Agreement are fair and reasonable. Any tenancy which was leased by our Group from, wholly or partly, Xx. Xxxx or her associates was subject to approval by the Board, which has considered market information, and collect data such as prevailing market rental and other terms, and each relevant interested director abstained from voting on the relevant Board resolutions approving the terms of the tenancy agreement.

DIRECTORS’ CONFIRMATION. Our Directors (including independent non-executive Directors) are of the view that the non-exempt continuing connected transactions set out above have been and will be entered into in the ordinary and usual course of business on normal commercial terms or better which are fair and reasonable and in the interests of our Company and our Shareholders as a whole.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the opinion that the continuing connected transactions under the Poultry Purchase Framework Agreement will continue to be carried out in the ordinary and usual course of business of the Group, and on normal commercial terms which (including the annual caps) are fair and reasonable and in the interests of the Company and the shareholders of the Company as a whole. As none of the Directors has a material interest in the Poultry Purchase Framework Agreement, none of the Directors has abstained from voting on the Board meeting approving the aforesaid transactions.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the opinion that the continuing connected transactions under the Hogs Purchase Framework Agreements will continue to be carried out in the ordinary and usual course of business of the Group, and on normal commercial terms, which (including the Annual Caps) are fair and reasonable and in the interests of the Company and the shareholders of the Company as a whole. As none of the Directors has a material interest in the Hogs Purchase Framework Agreements, none of the Directors has abstained from voting on the board meeting approving the aforesaid transactions.

DIRECTORS’ CONFIRMATION. In respect of the Proposed Transactions, the Directors are of the opinion that:- (a) after taking into consideration the present bank facilities and Net Subscription Proceeds, the working capital available to the Group is sufficient to meet its present requirements; and (b) after taking into consideration the present bank facilities, the Net Proceeds and the proceeds from the Referrer Shares, the working capital available to the Group is sufficient to meet its present requirements.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the opinion that the continuing connected transactions under the Hogs Purchase Framework Agreement will be carried out in the ordinary and usual course of business of the Group, and on normal commercial terms, which (including the Annual Caps) are fair and reasonable and in the interests of the Company and its shareholders as a whole.

DIRECTORS’ CONFIRMATION. The Directors (including the independent non-executive Directors) are of the view that the terms of the Promotional Services Agreement (2022 Renewal) (including the annual cap thereunder) are fair and reasonable, and that the transactions contemplated under the above- mentioned agreement are in the ordinary and usual course of business of the Company, on normal commercial terms and in the interests of the Company and the Shareholders as a whole. As at the date of this announcement, as each of Xx. Xxxx Xxxx, Xx. Xxxxxx Xx, Xx. Xxxxxxx Xxxx, Xx. Xxxxx Xxx and Xx. Xxxxx Xxx holds various positions with Fosun Pharma and/or their respective subsidiaries, each of them has abstained from voting on the Board resolutions approving the Promotional Services Agreement (2022 Renewal). Save for the above, to the best knowledge, information and belief of the Directors after having made all reasonable enquiries, no other Director has a material interest in the Promotional Services Agreement (2022 Renewal), and no other Director has abstained from voting on the relevant Board resolution approving the Promotional Services Agreement (2022 Renewal).