GENERAL INFORMATION OF THE PARTIES. The Company The Company is a major steel manufacturing enterprise in the PRC. It is principally engaged in ferrous metal smelting and steel pressing and processing.
GENERAL INFORMATION OF THE PARTIES. Angang Group Company is a company incorporated in the PRC. It was established by the State-owned Assets Supervision and Administration Commission of the State Council (國務院國有資產監督管理委員會) (as the representative of the State Council of the PRC) on 28 July 2010 as a holding company to hold the entire equity interest in Angang Holding and Pangang Group Company pursuant to the joint restructuring of the two companies. Angang Holding is a wholly-owned subsidiary of Angang Group Company. It is a major enterprise in the iron and steel industry of the PRC engaged in a wide range of iron and steel-related business activities including mining, iron manufacturing, machinery manufacturing, metallurgical construction project, research and development, trading in iron and steel products and providing relevant transportation, construction, utilities and other support services. It directly holds an approximate 67.29% equity interest in the Company. The Company is a major steel manufacturing enterprise in the PRC. It is principally engaged in the production and sale of hot-rolled sheets, cold-rolled sheets, galvanized steel sheets, colour coating plates, silicon steel, medium and thick plates, wire rods, large steel products and seamless steel pipes. Pangang Group Company is a wholly-owned subsidiary of Angang Group Company. It is also a major enterprise in the iron and steel industry of the PRC engaged in a wide range of iron and steel-related business activities. It is the controlling shareholder of Pangang Vanadium & Titanium, directly and indirectly, holding an approximate 47.87% equity interest in Pangang Vanadium & Titanium. Pangang Vanadium & Titanium is a company controlled by Pangang Group Company and ultimately by Angang Group Company. It is incorporated in the PRC and its shares are listed on the Shenzhen Stock Exchange. It is primarily engaged in the extraction and dressing of iron ore and the smelting and production of iron, steel, vanadium and titanium products. It directly holds the entire equity interest of Anqian Mining. Anqian Mining is a wholly-owned subsidiary of Pangang Vanadium & Titanium incorporated in Liaoning province, the PRC. It is primarily engaged in iron ore extraction and dressing and is a major supplier of iron ore concentrate to the Group.
GENERAL INFORMATION OF THE PARTIES. The Group is one of the world’s leading vertically-integrated manufacturing services provider in the AV product industry, and is principally engaged in research and development, manufacturing and sale of premium AV products for internationally renowned brands on an original design manufacturing basis. For more information on the Group, please visit its official website at xxxx://xxx.xxxxxxxx.xxx/(the information that appears in that website does not form part of this announcement). TCL Corporation and its Subsidiaries (including the Group) is a major PRC conglomerate that designs, develops, manufactures and markets a wide range of the electronic, audio-visual products, telecommunications, information technology and electrical products. For more information on TCL Corporation, please visit TCL Corporation’s official website at xxxx://xxx.xxx.xxx (the information that appears in this website does not form part of this announcement). Finance Company provides financial services including corporate finance advisory services, credit worthiness verification and related consultancy and agency services, collection and payment services, approved insurance agency services, guarantee services, agency lending and investment services, discounting bills and design of various schemes for settlement and clearing in respect of group fund transfer, and any other services approved by the China Banking Regulatory Commission for the Qualified Members. Finance Company (HK) is principally engaged in obtaining and utilizing funds required for operation of TCL Corporation Group (including the Group), the main functions of which include but not limited to financing of funds inside TCL Corporation Group (including the Group), the management cash pool and liquidity of funds, pay vendor or supplier, assistance of TCL Corporation Group (including the Group) to procure funds, and risk management. DEFINITIONS In this announcement, unless the context otherwise requires, the following terms have the following meanings when used herein: “associate(s)” has the meaning ascribed to it under the Listing Rules;
GENERAL INFORMATION OF THE PARTIES. The Group is principally engaged in the research and development, manufacturing and sale of consumer electronic products such as smart screens and mobile communication devices and independently develops home Internet services. The Group actively transforms and innovates under the strategy of “Value Led by Brand with Relative Cost Advantage”. Focusing on the mid-to-high-end markets around the world, the Group strives to consolidate the “intelligent IoT ecosystem” strategy with all-category layout and is committed to providing users with an all scenario smart and healthy life while developing into a world-leading smart technology company. For more information on the Group, please visit its official website at xxxx://xxxxxxxxxxx.xxx.xxx (the information that appears in this website does not form part of this announcement). TCL Holdings is an investment holding company with a diverse investment portfolio. Its investments are principally in the business of development, manufacturing and distribution of audio/video products, electronic products, communication equipment, home appliances, provision of cloud video conferencing services, intelligent manufacturing solutions, solid waste dismantling and disposal, development and leasing of building and industrial park, supply chain finance, etc.. As at the date of this announcement, TCL Holdings, through its wholly-owned subsidiary T.C.L. Industries (H.K.), held approximately 51.98% of the issued Shares and is the ultimate controlling shareholder of the Company. As at the date of this announcement, the shareholding structure of TCL Holdings is as follows: Shareholders Approximate Shareholding Ningbo Xxxx Xxxxxx Enterprise Management Partnership (Limited Partnership)* (寧波礪達致輝企業管理合夥企業(有限合夥)) 33.33% Ningbo Xxxx Zhiheng Enterprise Management Partnership (Limited Partnership)* (寧波礪達致恒企業管理合夥企業(有限合夥)) 23.26% Pan Mao (Shanghai) Investment Center (L.P.)* (磐茂(上海)投資中心(有限合夥)) 18.60% Huizhou State-owned Asset Management Co., Ltd.* (惠州市國有資產管理有限公司) 9.30% Xiaomi Technology Co., Ltd.* (小米科技有限責任公司) 9.30% Beijing Xinrunheng Equity Investment Partnership (L.P.)* (北京信潤恒股權投資合夥企業(有限合夥)) 4.65% Shenzhen Qifu Guolong Small and Medium Micro-Enterprise Equity Investment Fund Partnership (L.P.)* (深圳市啓賦國隆中小微企業股權投資基金合夥企業(有限合夥)) 1.55% Total (Note) 100.00% Note: The figures shown in the above table were subject to rounding adjustment, accordingly the total figure may not be an arithmetic aggregation of the figures preceding it.
GENERAL INFORMATION OF THE PARTIES. The Group is principally engaged in the manufacture and sale of a wide range of electronic consumer products including television sets. The Group has factories in the PRC, Poland, Mexico and Vietnam and distributes its products in all major markets globally. For more information on the Group, please visit its official website at xxxx://xxxxxxxxxx.xxx.xxx (the information that appears in this website does not form part of this announcement). Leshi Zhixin is a limited liability company established in the PRC. Its principal activities include the information technology service, the advertising business, the manufacturing and sale of hard disk players, the development and sale of electronic products and mechanical equipments and the import and export business of goods and technologies. 58.55% in equity interest of Xxxxx Xxxxxx is directly held by Leshi Internet Information and Technology Corp., Beijing ( 樂 視 網 信 息 技 術 （ 北 京 ） 股 份 有 限 公 司 ).
GENERAL INFORMATION OF THE PARTIES. The Group is principally engaged in the manufacture and sale of a wide range of electronic consumer products including television sets. The Group has factories in the PRC, Poland, Mexico and Vietnam and distributes its products in all major markets globally. For more information on the Group, please visit its official website at xxxx://xxxxxxxxxx.xxx.xxx (the information that appears in this website does not form part of this announcement). TCL Corporation and its Subsidiaries (including the Group) is a major PRC conglomerate that designs, develops, manufactures and markets a wide range of the electronic, audio-visual products, telecommunications, information technology and electrical products. For more information on TCL Corporation, please visit its official website at xxxx://xxx.xxx.xxx (the information that appears in this website does not form part of this announcement).
GENERAL INFORMATION OF THE PARTIES. The Company is committed to the investment, construction and operation of renewable energy projects, with a focus on the development and operation of wind power together with the development of solar energy and other renewable energy. Huaneng Group mainly engages in the development, investment, construction, operation and management of power sources, the production and sale of power (heat), the development, investment, construction, production and sale of businesses and products relating to energy, transportation, renewable energy and environmental protection. Huaneng Group holds a 61.30% equity interest in the Company, including a 58.24% direct equity interest held by Huaneng Group and a 3.07% equity interest held through Huaneng Capital Services Corporation Ltd., a wholly-owned subsidiary of Huaneng Group (Note). Huaneng Carbon Asset Management is mainly engaged in the development, operation and management of carbon assets, and develops entrusted carbon asset projects such as CDM projects, provides agency trading for energy saving and emission reduction indicators, plans and implements carbon finance service plans, and launches information consultancy services on saving energy and emission reduction policies. CRM is a keen participant in the industry of xxxxxx emission reduction. It has profound experience in exploration of carbon asset projects, and has successfully registered more than 200 CDM projects in China. CRM is a third party independent of the Company and connected persons of the Company.
GENERAL INFORMATION OF THE PARTIES. Information of the Group The Group is an established property developer of large-scale residential complex projects and integrated commercial complex projects in the PRC. The principal activities of the Group include (a) the development and sale of residential and commercial properties; (b) the provision of development services to government organisations for the development of resettlement properties and development or refurbishment of other types of properties, facilities or infrastructure; and (c) the leasing of commercial properties owned or developed by the Group.
GENERAL INFORMATION OF THE PARTIES. The Group The Company was incorporated in the Cayman Islands with limited liability, and the Shares of which are listed on the GEM of the Stock Exchange. The Group is principally engaged in the provision of property management and related services in Hong Kong and the PRC, property investment and money lending business.
GENERAL INFORMATION OF THE PARTIES. The principal business activities of the Group are the production and distribution of bottled, canned and draught beers and other beverage products. The principal business activities of SMBIL are investment holding and trading. SMBIL is an indirect controlling shareholder holding approximately 65.78% of the issued share capital of the Company through Neptunia Corporation Limited. Top Frontier is the ultimate controlling shareholder of SMBIL and the Company. REASONS FOR THE TRANSACTION The 2020 SMBIL-SMGB Trademark License Agreement expired as of the end of day on 29 November 2023. In view of the expiry of the 2020 SMBIL-SMGB Trademark License Agreement, SMBIL and SMGB have entered into the 2023 SMBIL-SMGB Trademark License Agreement to enable the Group, through SMGB, to continue producing and selling beer products using the “San Xxxxxx” related trademarks in the territory covered by the 2023 SMBIL-SMGB Trademark License Agreement. The Directors (including the independent non-executive Directors) consider the terms of the 2023 SMBIL-SMGB Trademark License Agreement to be fair and reasonable, on normal commercial terms and are entered in the ordinary and usual course of business of the Group and that the transactions thereunder are in the interests of the Company and the shareholders of the Company as a whole.
