Historical Amount. There are no prior transactions for the purchase of wheatgrass by the Group to Nongken Jinchang. For the year ended 31 December 2021, the historical amount of purchase of silage paid by the Group to Nongken Jinchang is set out below: For the year ended 31 December 0000 XXX’000 (unaudited) Historical transaction amount 25,621 Annual cap and basis of determination The table below sets out the proposed annual cap for the price payable by the Group to Nongken Jinchang for purchase of silage and wheatgrass for the year ending 31 December 2022: Year ending 31 December 0000 XXX’000 Annual cap 30,000 In determining the annual cap, the Directors have considered generally:
Historical Amount. The Company had no prior transactions with Gansu Nongken Group for the sales of dairy products. Annual cap and basis of determination The table below sets out the proposed annual cap for the price payable by Gansu Nongken Group to the Group for purchase of dairy products for the year ending 31 December 2022: Year ending 31 December 0000 XXX’000 Annual cap 5,000 In determining the annual cap, the Directors have considered generally:
Historical Amount. The transactions for the purchase of Raw Milk by the Group from Xxxxxx Xxxxx started in September 2020, prior to which the Company had no transaction with Tianmu Dairy. For the four months ended 31 December 2020, the historical amounts of purchase of Raw Milk by the Group from Xxxxxx Xxxxx were set out below: For the four months ended 31 December 2020 RMB’000 (unaudited) Historical transaction amounts 11,989 Annual Purchase Cap and basis of determination The table below sets out the proposed annual cap for the price payable by the Group to Xxxxxx Xxxxx for purchase of Raw Milk for the year ending 31 December 2021: Year ending 31 December 2021 RMB’000 Annual Purchase Cap 200,000 In determining the Annual Purchase Cap, the Directors have considered generally:
Historical Amount. The approximate total service fees paid by the Group to each of Empire and Transway for the provision of trucking services for each of the years ended 31 December 2017, 2018 and 2019 and the ten months ended 31 October 2020 are set out below: For the year ended 31 December For the ten months ended 31 October 2017 (HK$’000) 2018 (HK$’000) 2019 (HK$’000) 2020 (HK$’000) Total service fees paid to Empire 11,600 15,087 18,351 11,209 Total service fees paid to Transway 7,209 7,995 8,065 4,729 Annual caps The Directors estimated that the annual service fees to be paid by the Group under the Empire Trucking Services Agreement and Transway Trucking Services Agreement respectively, for each of the three years ending 31 December 2023 will be as follows: For the year ending 31 December 2021 (HK$’000) 2022 (HK$’000) 2023 (HK$’000)
Historical Amount. There have been no historical transaction between the Company or its subsidiaries and Shenzhen Jingneng Leasing for factoring business services. Proposed annual caps and basis of determination of the proposed annual caps The table below sets out the proposed annual caps for the provision of factoring business services by Shenzhen Jingneng Leasing to the Group under the Commercial Factoring Business Framework Agreement for the three years ending 31 December 2023: For the year ending 31 December 2021 For the year ending 31 December 2022 For the year ending 31 December 2023 (RMB’million) (RMB’million) (RMB’million) Total factoring amount to be obtained by the Group from Shenzhen Jingneng Leasing under new separate individual factoring agreement(s) during the year 1,000 1,000 1,000 Factoring service fees 15 100 150 In arriving at the proposed annual caps for the provision of factoring business services by Shenzhen Jingneng Leasing to the Group under the Commercial Factoring Business Framework Agreement, the Directors have considered:
Historical Amount. During the Track Record Period, the revenue generated from the sale of flour products to Langfang Yijiao by our Group are set out below: Year ended 31 December 2021 2022 2023 (RMB million) (RMB million) (RMB million) Total revenue from the sale of flour to Langfang Yijiao 24.4 30.3 12.5(Note)
Historical Amount. During the Track Record Period, the revenue generated from the sale of flour to Langfang Ceyuan by our Group are set out below: Year ended 31 December 2021 (RMB million) 2022 (RMB million) 2023 (RMB million) Total revenue from the sale of flour to Langfang Ceyuan Nil 0.2 0.1 Annual caps and basis of determination: Our Directors estimate that the annual transaction amount for the sale of flour products to Langfang Ceyuan for the three years ending 31 December 2026 will not exceed the following annual caps set forth in the table below: Year ending 31 December 2024 (RMB million) 2025 (RMB million) 2026 (RMB million) In determining the above annual caps, our Directors have considered generally:
Historical Amount. During the Track Record Period, the rental amount paid by Langfang Yijiao to our Group for the years ended 31 December 2021, 2022 and 2023 are set out below: 2021 2022 2023 (RMB (RMB (RMB million) million) million) Nil Nil 0.8 Year ended 31 December Rental(Note) Note: Free rent period from 1 March 2021 to 31 July 2023 was in place to ensure that Langfang Yijiao would have sufficient time to xxxxxxx and equip its production workshop before it was put into use.
Historical Amount. For the year ended 31 December 2021, the historical amounts of purchase of raw milk paid by the Group to Xxxxxx Xxxxx is set out below: For the year ended 31 December 2021 RMB’000 (unaudited) Historical transaction amounts 133,610 Annual cap and basis of determination The table below sets out the proposed annual cap for the price payable by the Group to Xxxxxx Xxxxx for purchase of the raw milk for the year ending 31 December 2022: Year ending 31 December 2022 RMB’000 Annual cap 200,000 In determining the annual cap, the Directors have considered generally:
Historical Amount. The Company and Zhejiang Tmall did not conduct any similar transactions as those under the Goods Procurement Framework Agreement in the past. Therefore, there is no historical amount to be provided. Annual Caps The respective maximum annual transaction amounts payable by the Company for the financial years ending 31 December 2018, 31 December 2019 and 31 December 2020 under the Goods Procurement Framework Agreement are set out as follows: Period Maximum Transaction Amount (RMB) From 25 July 2018 to 31 December 2018 20,000,000 From 1 January 2019 to 31 December 2019 60,000,000 From 1 January 2020 to 31 December 2020 100,000,000 Such maximum annual transaction amounts are determined in accordance with:
