FINANCIAL SERVICES FRAMEWORK AGREEMENT. (i) Date 28 October 2022 (after trading hours)
FINANCIAL SERVICES FRAMEWORK AGREEMENT. The principal terms of the Financial Services Framework Agreement are set out as follows: Date:
FINANCIAL SERVICES FRAMEWORK AGREEMENT. On 13 April 2011, the Company and the Finance Company entered into the Financial Services Framework Agreement, the principal terms of which are set out below:
FINANCIAL SERVICES FRAMEWORK AGREEMENT. The Board hereby announces that on 26 January 2024, the Company entered into the Financial Services Framework Agreement with Shougang Finance Company in relation to the provision of the Credit Services, Deposit Services and Other Financial Services by Shougang Finance Company to the Group on a non-exclusive basis during the Term. The Principal Terms of the Financial Services Framework Agreement Date 26 January 2024 Parties
FINANCIAL SERVICES FRAMEWORK AGREEMENT. Date: 4 November 2013 Parties: (i) the Company
FINANCIAL SERVICES FRAMEWORK AGREEMENT. Details of the Financial Services Framework Agreement are as follows:
FINANCIAL SERVICES FRAMEWORK AGREEMENT. In respect of the Deposit Services under the Financial Services Framework Agreement, as one or more of the applicable percentage ratios under the Listing Rules exceeds 5% but is less than 25%, the provision of the Deposit Services by Yili Finance Company to the Group under the Financial Services Framework Agreement constitute a discloseable transaction of the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. The Deposit Services under the Financial Services Framework Agreement also constitute a continuing connected transaction of the Company and is subject to the reporting, annual review, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. The Settlement Services and the Other Financial Services to be provided by Yili Finance Company to the Group under the Financial Services Framework Agreement will be carried out on normal commercial terms or better and the aggregate annual fees to be paid by the Group to Yili Finance Company for each of the three years ending December 31, 2024, 2025 and 2026 are expected to fall below the de minimis threshold as stipulated under Rule 14A.76(1) of the Listing Rules. Accordingly, such transactions are fully exempt from the reporting, annual review, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. Both Xx. Xxxxx Xxxxx (“Xx. Xxxxx”), the Chairman and a non-executive Director, who is an assistant to the president of Yili and a general manager of the liquid milk division of Yili, and Xx. Xx Xxx (“Xx. Xx”), a non-executive Director, who is an assistant to the president of Yili, are deemed to have a material interest in each of the Raw Milk Purchase and Sale Framework Agreement, the Dairy Products Purchase Framework Agreement and the Financial Services Framework Agreement. Therefore, Xx. Xxxxx and Xx. Xx have abstained from voting on the Board resolutions in relation to the Raw Milk Purchase and Sale Framework Agreement, the Dairy Products Purchase Framework Agreement and the Financial Services Framework Agreement. Save as disclosed above, none of the Directors had a material interest in the matters contemplated therein nor was any of them required to abstain from voting on the relevant Board resolutions approving the Raw Milk Purchase and Sale Framework Agreement, the Dairy Products Purchase Framework Agreement and the Financial Services Framework Agreement and t...
FINANCIAL SERVICES FRAMEWORK AGREEMENT. In respect of the Deposit Services under the Financial Services Framework Agreement, as one or more of the applicable percentage ratios under the Listing Rules exceeds 5% but is less than 25%, the provision of the Deposit Services by Yili Finance Company to the Group under the Financial Services Framework Agreement constitutes a discloseable transaction of the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. The Deposit Services under the Financial Services Framework Agreement also constitute a continuing connected transaction of the Company and is subject to the reporting, annual review, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. The Settlement Services and the Other Financial Services to be provided by Yili Finance Company to the Group under the Financial Services Framework Agreement will be carried out on normal commercial terms or better and the aggregate annual fees to be paid by the Group to Yili Finance Company for each of the three years ending December 31, 2024, 2025 and 2026 are expected to fall below the de minimis threshold as stipulated under Rule 14A.76(1) of the Listing Rules. Accordingly, such transactions are fully exempt from the reporting, annual review, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. The Board announces that on April 24, 2023, the Company renewed:
FINANCIAL SERVICES FRAMEWORK AGREEMENT. On 1 September 2021, the Company and GDH Finance entered into the Financial Services Framework Agreement in relation to the provision of the Financial Services by GDH Finance to the Group in the PRC. The Group will utilize the Financial Services to be provided by GDH Finance on a non-exclusive basis and is not under any obligation to engage GDH Finance for any particular service. The Group has the right to choose any financial institution at its discretion for the provision of financial services. A summary of the salient terms of the Financial Services Framework Agreement is set out below:- Date: 1 September 2021
FINANCIAL SERVICES FRAMEWORK AGREEMENT. On 14 November 2022, the Company entered into the CITIC Bank Financial Services Framework Agreement with CITIC Bank, pursuant to which members of the Group could engage CITIC Bank and its subsidiaries in the PRC for the provision of deposit, settlement and credit services for a term of not more than three (3) years as set out below. The principal terms of the CITIC Bank Financial Services Framework Agreement are set out below: Date : 14 November 2022
