FINANCE LEASE AGREEMENTS. Seller Parent shall obtain prior to the Closing written confirmation, in a form reasonably satisfactory to Buyers, from Sumitomo Mitsui Finance & Leasing Company Limited (f/k/a SMBC Leasing Company, Limited) that it has no objection to the transfer of the leases agreements (leasekeiyakusho) to Olympus Japan Newco as a Subsidiary of Buyers and will not accelerate any payment obligations or otherwise alter the obligations or Liability of Buyers with respect thereto.
FINANCE LEASE AGREEMENTS. (1) Sale and Purchase Agreement Date : 9 June 2017 Parties : Vendor : Nanjing Dasheng, a non-wholly owned subsidiary of Shenzhen Dasheng, which principal businesses are, among other things, production, wholesale and retails of elementary agricultural products, e-commerce and leisure tourism development Purchaser : Ever Fortune, an indirect non-wholly owned subsidiary of the Company, which principal business is, among other things, financial leasing As at the date of this announcement, Shenzhen Dasheng, a substantial shareholder of the Company, held 1,818,013,540 Domestic Shares directly and 2,250,000,000 H Shares indirectly, in aggregate representing approximately 47.1% of the existing issued share capital of the Company. As at the date of this announcement, Shenzhen Dasheng is owned as to 70% by Xxxxxxx Xxxxxxx and as to 30% by Dasheng Holdings, respectively. Each of Qianhai Dasheng and Dasheng Holdings is currently owned as to 70% by Mr. Xxx Xxxxxxxx (the chairman of the Board and an executive Director) and 30% by Xx. Xx Xxxxxx (a supervisor of the Company). As Nanjing Dasheng is a non-wholly owned subsidiary of Shenzhen Dasheng, it is an associate of Xxxxxxxx Xxxxxxx, Mr. Xxx Xxxxxxxx and Xx. Xx Xxxxxx. Therefore, Nanjing Dasheng is a connected person to the Company. Asset to be acquired The Asset to be acquired by Ever Fortune is the multi-span plastic greenhouse in aggregate of 65,512 square meters.
FINANCE LEASE AGREEMENTS. The principal terms contained in each of the Finance Lease Agreements are substantially similar. The principal terms of the Finance Lease Agreements are as follows: Parties Lessor: the Company Lessee I: a limited liability company incorporated in the PRC, which is principally engaged in the provision of gas electricity generation services. Lessee II: a limited liability company incorporated in the PRC, which is principally engaged in the provision of photovoltaic electricity generation services. Lessee III: a limited liability company incorporated in the PRC, which is principally engaged in the provision of gas electricity generation services. The Lessee IV, the Lessee V, the Lessee VI, the Lessee VII, the Lessee VIII and the Lessee IX are limited liability companies incorporated in the PRC, which are principally engaged in the provision of photovoltaic electricity generation services. To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, the Lessees and their ultimate beneficial owner are all independent third parties of the Company and its connected persons (as defined in the Listing Rules).
FINANCE LEASE AGREEMENTS. On 26 August 2022, Xxxxx Xxxxxxx (a wholly-owned subsidiary of the Company), as the Lessee, entered into the Jinan Beikong Finance Lease Agreement with BG Finance, as Lessor, pursuant to which Xxxxx Xxxxxxx has agreed to transfer and change the registration of the ownership of the Xxxxx Xxxxxxx Leased Assets under the name of BG Finance from Xxxxx Xxxxxxx for a transfer consideration of RMB23,000,000 (equivalent to approximately HK$26,390,000), and BG Finance has then agreed to lease to Jinan Beikong with the lease principal of RMB23,000,000 (equivalent to approximately HK$26,390,000), the lease interest of approximately RMB5,609,418.80 (equivalent to approximately HK$6,436,000) and the total rent (lease principal plus lease interest) of approximately RMB28,609,418.80 (equivalent to approximately HK$32,826,000). On 26 August 2022, Pucheng Gerui (a wholly-owned subsidiary of the Company), as the Lessee, entered into the Pucheng Gerui Finance Lease Agreement with BG Finance, as Lessor, pursuant to which Pucheng Gerui has agreed to transfer and change the registration of the ownership of the Pucheng Gerui Leased Assets under the name of BG Finance from Pucheng Gerui for a transfer consideration of RMB49,000,000 (equivalent to approximately HK$56,223,000), and BG Finance has then agreed to lease to Pucheng Gerui with the lease principal of RMB49,000,000 (equivalent to approximately HK$56,223,000), the lease interest of approximately RMB11,950,501 (equivalent to approximately HK$13,712,000) and the total rent (lease principal plus lease interest) of approximately RMB60,950,501 (equivalent to approximately HK$69,935,000).
FINANCE LEASE AGREEMENTS. 5.6 ADAB Manufacturing Revenue — Gross Margin Reports by Month 2002 and 2003
FINANCE LEASE AGREEMENTS. On 16 March 2023 (after trading hours), Huaqin New Energy (an indirect subsidiary of the Company) and CITIC Financial Leasing entered into the Finance Lease Agreement I, pursuant to which CITIC Financial Leasing agreed to purchase the Leased Assets I from Huaqin New Energy for a total consideration of RMB370 million, which shall then be leased back to Huaqin New Energy, subject to the terms and conditions provided therein. On the same day, Tianhai Photovoltaic (an indirect subsidiary of the Company) and CITIC Financial Leasing entered into the Finance Lease Agreement II, pursuant to which CITIC Financial Leasing agreed to purchase the Leased Assets II from Tianhai Photovoltaic for a total consideration of RMB150 million, which shall then be leased back to Tianhai Photovoltaic, subject to the terms and conditions provided therein. LISTING RULES IMPLICATIONS As the highest applicable percentage ratio in respect of each of the Finance Lease Agreements exceeds 5% but is less than 25%, the entering into of each of the Finance Lease Agreements constitutes a discloseable transaction of the Company and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
FINANCE LEASE AGREEMENTS. On 2 November 2015, Xxxxxxxxx Finance entered into the Finance Lease Agreement 1 with Dishangtie, pursuant to which Rongjinda Finance conditionally agreed to purchase the Leased Assets 1 from Dishangtie at a total consideration of RMB600,000,000 (equivalent to approximately HK$732,000,000), which will be leased back to Dishangtie for a term of 36 months. On 2 November 2015, Rongjinda Finance entered into the Finance Lease Agreement 2 with Huanggangbiaoqi, pursuant to which Rongjinda Finance conditionally agreed to purchase the Leased Assets 2 from Huanggangbiaoqi at a total consideration of RMB50,000,000 (equivalent to approximately HK$61,000,000), which will be leased back to Huanggangbiaoqi for a term of 48 months. LISTING RULES IMPLICATIONS As the applicable percentage ratios calculated under Rule 14.07 of the Listing Rules in respect of the transactions contemplated under the Loan Agreements and the Finance Lease Agreement 2 are more than 5% but less than 25%, the transactions contemplated thereunder constitute discloseable transactions for the Company. As the applicable percentage ratios calculated under Rule 14.07 of the Listing Rules in respect of the transaction contemplated under the Finance Lease Agreement 1 are more than 25% but less than 100%, the transaction contemplated thereunder constitutes a major transaction for the Company. As the Loan Agreements and the Finance Lease Agreements were all of the nature of financial assistance and entered into within a 12-month period, pursuant to Rule 14.22 of the Listing Rules, the Loan Agreements and the Finance Lease Agreements are required to be aggregated in the calculation of the relevant percentage ratios to determine the classification of notifiable transactions for the purpose of the Listing Rules. One of the applicable percentage ratios calculated under Rule 14.07 of the Listing Rules in respect of the transactions contemplated under the Loan Agreements and the Finance Lease Agreements, when aggregated under Rule 14.22 of the Listing Rules, is more than 100%. As the transactions contemplated under the Loan Agreements and the Finance Lease Agreements do not involve disposal or acquisition of assets, even if one of the applicable percentage ratios is more than 100%, the transactions shall only constitute a major transaction for the Company pursuant to Chapter 14 of the Listing Rules and are subject to the notification, announcement and Shareholders’ approval requirements under Chapter 14 of the Li...
