DIRECTORS’ OPINION. The Directors (including the independent non-executive Directors, but excluding Xx. Xxxx Xxxxxxx, Xx. Xxxxx Xxxxxxx and Xx. Xx Xxxxxx, being connected Directors) confirm that the terms of United Power Master Agreement (including the proposed annual caps for the transactions contemplated thereunder) are on normal commercial terms that are fair and reasonable, and the transactions contemplated thereunder were entered into in the ordinary and usual course of business of the Company and are in the interest of the Company and its Shareholders as a whole. Directors associated with the CHN Energy and other associates of the CHN Energy, i.e., Xx. Xxxx Xxxxxxx, Xx. Xxxxx Xxxxxxx and Xx. Xx Xxxxxx, being connected Directors, have abstained from voting regarding United Power Master Agreement and the proposed annual caps. Except as disclosed above, none of the Directors has any material interest in the above transactions or was required to abstain from voting at the Board meeting.
DIRECTORS’ OPINION. 5.1 The directors of the Company (the “Directors”) are of the opinion that after taking into consideration:
DIRECTORS’ OPINION. The Directors (including the independent non-executive Directors, but excluding Xx. Xxxx Xxxxxxx, Xx. Xxxxx Xxxxxxx and Xx. Xx Xxxxxx, being connected Directors) confirm that terms of Longyuan Technology Master Agreement (including the proposed annual caps for the transactions contemplated thereunder) are on normal commercial terms that are fair and reasonable, and the transactions contemplated thereunder were entered into in the ordinary and usual course of business of the Company and are in the interest of the Company and its Shareholders as a whole. Directors associated with CHN Energy, GD Power and other associates of CHN Energy, i.e., Xx. Xxxx Xxxxxxx, Xx. Xxxxx Xxxxxxx and Xx. Xx Xxxxxx, being connected Directors, have abstained from voting regarding Longyuan Technology Master Agreement and the proposed annual caps thereunder. Except as disclosed above, none of the Directors has any material interest in the above transactions or was required to abstain from voting at the Board meeting.
DIRECTORS’ OPINION. The Directors are of the opinion that, after taking into consideration the present bank facilities and net proceeds from the Bond, the working capital available to the Group is sufficient to meet its present requirements.
DIRECTORS’ OPINION. Save for the Interested Directors, the Board of Directors of the Company is of the opinion that the Collaboration Agreement is in the best interest of the MAS group.
DIRECTORS’ OPINION. The Board (other than the interested Directors), having taken into consideration of the aspects of the Proposed I&P Acquisition, is of the opinion that the MOI is in the best interest of the Company. The interested Directors have abstained and shall continue to abstain from deliberating and voting on the Proposed I&P Acquisition.
DIRECTORS’ OPINION. 5.7 The Directors are of the opinion that, after taking into consideration the VHL Group’s present banking facilities and the 2020 XXXX Arrangements, the working capital available to the VHL Group is sufficient to meet its present requirements, and that the 2020 XXXX Arrangements are in the best interests of the Company.
DIRECTORS’ OPINION. Save for the Interested Directors, The Board of Directors of the Company is of the opinion that the Collaboration Agreement is in the best interest of the AirAsia group.
DIRECTORS’ OPINION. The Board, having considered all the relevant factors in respect of the MOU is of the opinion that the MOU is in the best interest of the Company and will be beneficial to the business of the KPJ Group.
DIRECTORS’ OPINION. Save for the above interested directors (who have abstained), the Board having considered all the relevant factors in respect of the Agreements is of the opinion that entering into the Agreements is in the best interest of the Company, are entered into under fair, reasonable and normal commercial terms and is not detrimental to interest of minority shareholders.
