Historical Amount. There have been no historical transaction between the Company or its subsidiaries and Shenzhen Jingneng Leasing for factoring business services. 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: 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. The historical amounts under the Meinian OneHealth Genetic Testing Service Framework Agreement entered into on 1 January 2021 for the two financial years ended 31 December 2021 and 2022 and for the six months ended 30 June 2023 are set out as follows: Historical amount
Historical Amount. The historical transaction amounts of the Cold Chain Warehousing and Logistics Services purchased by the Group from Huading Cold Chain for the three years ended December 31, 2023 and the three months ended March 31, 2024 are set out below: Total amount of Cold Chain Warehousing and Logistics Services purchased by the Group from Huading Cold Chain (approximate) (Note) 198,496 339,063 275,412 66,668 Note: Henan Huading Supply Chain Management Co., Ltd. (河南華鼎供應鏈管理有限公司), the sole shareholder of Huading Cold Chain prior to the date of this announcement, had commenced the provision of Cold Chain Warehousing and Logistics Services to the Group prior to January 1, 2021, and since January 1, 2024, Henan Huading Supply Chain Management Co., Ltd. transferred the aforesaid business to Huading Cold Chain as a result of its implementation of internal reorganization, whereby Huading Cold Chain provides Cold Chain Warehousing and Logistics Services to the Group. Accordingly, in order to reflect the Group’s actual historical demand for Cold Chain Warehousing and Logistics Services, the historical information set out in the above table is calculated based on the assumption that Henan Huading Supply Chain Management Co., Ltd. has transferred the aforesaid business to Huading Cold Chain prior to January 1, 2021.
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: Total revenue from the sale of flour to Langfang Yijiao 24.4 30.3 12.5(Note)
Historical Amount. The approximate transaction amount between the Group and the Cargo Members for the provision of air freight chartering services to the Group under the Existing Master Charter Agreement for each of the two years ended 31 December 2022 and 2023 and the eight months ended 31 August 2024 are set out below: Charter Service Fees paid and/or reimbursed by the Group to the Cargo Members 634.7 105.3 2.9
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: 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 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. Other services fees paid by the Company to PICC Group for the years ended 31 December 2019, 31 December 2020 and 31 December 2021 are as follows: RMB million For the year ended 31 December 2019 24 For the year ended 31 December 2020 16 For the year ended 31 December 2021 14
Historical Amount. The historical amount paid by CP China Subsidiaries to CT Animal Husbandry under the 2017 Master Trademark Sub-licence Agreement for the periods between 1 March 2017 and 31 December 2017 and between 1 January 2018 and 30 June 2018 were US$0.6 million (approximately HK$4.6 million) and US$0.6 million (approximately HK$4.8 million) respectively.
Historical Amount. The Board has been carefully monitoring the historical transaction amounts under the Existing Master Supply Agreement. The table below sets out the annual cap for each of the two years ended 31 December 2021 and the nine months ended 30 September 2022 under the Existing Master Supply Agreement: Annual Cap under the Existing Master Supply Agreement 100,000 100,000 100,000 Historical transaction amounts under the Existing Master Supply Agreement 40,505 44,524 38,000 The below table sets out the proposed Annual Caps of the Continuing Connected Transactions for each of the three years ending 31 December 2025 under the New Master Supply Agreement: For the year ended 31 December 0000 0000 0000 Proposed Annual Cap HK$’000 65,000 HK$’000 70,000 HK$’000 75,000 The above proposed annual caps for each of the three years ending 31 December 2025 are determined by the Directors by reference to:
Historical Amount. The historical amounts of similar transactions between the Company and Aibao Technology in the past three years are as follows: RMB million For the year ended 31 December 2022 689 For the year ended 31 December 2023 430 For the period from 1 January 2024 to 30 November 2024 (Note) 385 The Company has formulated management regulations and operational guidelines on related party transactions, which set out requirements and rules on the management body, reporting and disclosure, management procedures, monitoring of related party transactions, etc. The Company manages and monitors each related party transaction in accordance with the abovementioned regulations. The Company regularly records and reports on the occurrence and implementation of related party transactions, monitors the implementation of the transactions and earnestly performs its internal control obligations. The Company has established an early warning mechanism for the annual caps of transactions. When the actual transaction amount reaches the early warning line of the set annual cap (i.e. 80% of the annual cap of the transaction amount) during the implementation of the agreement, the relevant functional department will promptly pay close attention to it, reset the annual cap in a timely manner and go through the corresponding procedures. In addition, the Company conducts annual internal special audits for related party transactions and reports the audit results to the Board and the supervisory committee of the Company. The Independent Directors and external auditors of the Company review and give their opinions on the continuing connected transactions on an annual basis.