BOARD’S APPROVAL The Purchase of Temporary Storage and Lost and Found Services Agreement and the transactions contemplated thereunder, including the annual cap, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and Beijing Airport Tourism Business. Moreover, while the executive Directors and the non-executive Directors concurrently serve as director or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Purchase of Temporary Storage and Lost and Found Services Agreement entered into by the Company and Beijing Airport Tourism Business. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Purchase of Temporary Storage and Lost and Found Services Agreement and the transactions contemplated thereunder, including the annual cap. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Airport Tourism Business is a wholly-owned subsidiary of the Parent Company, Beijing Airport Tourism Business is therefore a connected person of the Company. Accordingly, the Purchase of Temporary Storage and Lost and Found Services Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the Purchase of Temporary Storage and Lost and Found Services Agreement is more than 0.1% but less than 5%, the Purchase of Temporary Storage and Lost and Found Services Agreement is subject to the reporting, annual review and announcement requirements, but is exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
CONTROLLER'S APPROVAL CRS §24-30-202(1). This contract shall not be valid until it has been approved by the Colorado State Controller or designee.
Alternative Forms of Notice Any notice or request required or permitted to be given by a Party to the other Parties and not required by this Agreement to be given in writing may be so given by telephone, facsimile or email to the telephone numbers and email addresses set out in Appendix F hereto.
COMPTROLLER'S APPROVAL In accordance with Section 112 of the State Finance Law (or, if this contract is with the State University or City University of New York, Section 355 or Section 6218 of the Education Law), if this contract exceeds $50,000 (or the minimum thresholds agreed to by the Office of the State Comptroller for certain S.U.N.Y. and C.U.N.Y. contracts), or if this is an amendment for any amount to a contract which, as so amended, exceeds said statutory amount, or if, by this contract, the State agrees to give something other than money when the value or reasonably estimated value of such consideration exceeds $10,000, it shall not be valid, effective or binding upon the State until it has been approved by the State Comptroller and filed in his office. Comptroller's approval of contracts let by the Office of General Services is required when such contracts exceed $85,000 (State Finance Law Section 163.6-a). However, such pre-approval shall not be required for any contract established as a centralized contract through the Office of General Services or for a purchase order or other transaction issued under such centralized contract.
