FINANCIAL SERVICES AGREEMENT. The financial services agreement for the Year of 2014 between the Finance Company and Magang Group signed on 27 December 2013 will expire on 31 December 2014. On 16 December 2014, the Finance Company and Magang Group entered into the Financial Services Agreement for the Year of 2015, pursuant to which, the Finance Company agreed to provide Magang Group and its subsidiaries with deposit services, loan services and other financial services subject to the terms and conditions provided therein. The principal terms of the Financial Services Agreement are set out below: 16 December 2014 The Finance Company; and Magang Group The Financial Services Agreement shall be for a term commencing from 1 January 2015 to 31 December 2015.
FINANCIAL SERVICES AGREEMENT. Date Parties
FINANCIAL SERVICES AGREEMENT. The Board announces that on 17 November 2015, the Company, Bailian Group and Bailian Finance entered into the Financial Services Agreement pursuant to which, Bailian Finance agreed to provide the Group with deposit services, loan services and other financial services subject to the terms and conditions provided therein for a term commencing from the Effective Date to 31 December 2018. As one of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) in relation to the provision of deposit services under the Financial Services Agreement is more than 25%, the provision of deposit services under the Financial Services Agreement constitutes a major transaction of the Company and is subject to the reporting, announcement and Shareholders’ approval requirements under Chapter 14 of the Listing Rules. As at the date of this announcement, Bailian Group is a substantial shareholder of the Company and Bailian Finance is a subsidiary of Bailian Group. Accordingly, Bailian Finance and Bailian Group are connected persons of the Company. Therefore, the Agreements and the Financial Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As all of the applicable percentage ratios for the transactions under each of the Agreements are more than 0.1% but less than 5%, the transactions contemplated under the Agreements are subject to the reporting, annual review and announcement requirements but are exempt from the independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules. As two of the applicable percentage ratios for the provision of deposit services under the Financial Services Agreement is more than 5%, the provision of deposit services under the Financial Services Agreement are subject to the reporting, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. The loan services to be provided by Bailian Finance to the Group under the Financial Services Agreement will constitute financial assistance to be provided by a connected person for the benefit of the Group. As such services are on normal commercial terms which are similar to or even more favourable than those offered by other commercial banks for comparable services in the PRC, and no security over the assets of the Group will be granted in respect of the loan services, the loan services are exempt under Rule 14A.90 of the Listing Rules from all reporting...
FINANCIAL SERVICES AGREEMENT. The principal terms of the Financial Services Agreement are summarised as follows:
(a) Date
FINANCIAL SERVICES AGREEMENT. FINANCIAL SERVICES AGREEMENT Customer”) sets out the terms under which the Bank may keep Accounts and process instruments for the Customer and provide other services to the Customer.
1. Meaning of “Account” PART A - ACCOUNTS
FINANCIAL SERVICES AGREEMENT. The proposed Cap amounts for the Financial Services provided under the Financial Services Agreement are determined after considering the following factors:
FINANCIAL SERVICES AGREEMENT. Date Parties
(1) The Company;
(2) Bailian Group; and
FINANCIAL SERVICES AGREEMENT. Date Parties Major Terms Capital Risk Control Measures
FINANCIAL SERVICES AGREEMENT. Date: 2 December 2020 Parties: (1) the Company; and
FINANCIAL SERVICES AGREEMENT. The major contents of the Financial Services Agreement are as follows: Signing Date 24 April 2017 Parties
(i) the Company; and
(ii) Datang Finance From the effective date (the “Effective Date”) of the Financial Services Agreement, which is the date on which the Financial Services Agreement is approved by the Shareholders at the 2016 annual general meeting of the Company, to 31 December 2019. Pursuant to the Financial Services Agreement, the services to be provided by Datang Finance to the Group include loans services, the Deposit Services and the Other Financial Services. Datang Finance has agreed to provide financial services to the Group at the Company’s request or instruction provided that Datang Finance has obtained the relevant approval from the CBRC. Datang Finance shall ensure the stable operation of fund management system to safeguard the fund, and to monitor the credit risk so as to satisfy the payment demands of the Group. The Group, with information of market rates and in view of its own interests, has the discretion to determine whether or not to maintain business relationship with Datang Finance, or to obtain relevant financial services from other financial institutions in the meanwhile. In respect of provision of the loan services by Datang Finance to the Group under the Financial Services Agreement, Datang Finance will grant a line of credit of a maximum of RMB4,000 million to the Group during the term of the Financial Services Agreement. In respect of provision of the Deposit Services, the maximum amount of the daily deposit balance (including any interests accrued thereon) for the Group’s deposits with Datang Finance shall be RMB4,000 million for each of the years ending 31 December 2017, 2018 and 2019. In respect of the Other Financial Services, the maximum amount of fees charged by Datang Finance shall be less than RMB5 million for each of the years ending 31 December 2017, 2018 and 2019. Datang Finance has undertaken to provide the aforementioned financial services to the Group based on the following pricing principles:
(1) within the interval for the floating deposit and loan interests rates published by the PBOC and by reference to the benchmark interest rates published by the PBOC, the interest rate for the Group’s deposits with Datang Finance shall not be lower than the equivalent deposit interest rate as provided by other financial institutions in the PRC;
(2) within the interval for the floating deposit and loan interests rates pu...
