Historical Amounts. The actual rentals for the years ended 31 December 2018, 2019 and 2020 and the six months ended 30 June 2021 are set out below: For the year ended 31 December For the six months ended 30 June 2018 2019 2020 2021 Rentals 8,063 (RMB’000) 5,514 6,289 3,107
Historical Amounts. We started to provide image detection technology services to Sinovation Ventures in 2020. The historical amounts of fees relating to the provision of image detection technology services by our Group to Sinovation Ventures for the year ended December 31, 2020 and the nine months ended September 30, 2021 were approximately RMB734,000 and RMB1,453,000, respectively. Annual caps The following table sets forth the proposed annual caps under the Image Detection Technology Service Framework Agreement: Maximum fees to be received by our Group relating to the provision of Proposed annual caps for the year ending December 31, 2022 2023 2024 (RMB in thousand) image detection technology services to the Designated Customer . . . . 3,500 4,500 6,000 Basis of caps When determining the annual caps, our Directors have taken into consideration the following factors:
Historical Amounts. For all limitation years ending before January 1, 1976, the dollar limitation under section 415(c)(1)(A) of the Code is Twenty-five Thousand Dollars ($25,000). For limitation years ending after December 31, 1975, and before January 1, 1999, the amount shall be:
Historical Amounts. As the over-the-counter derivatives business of the Company is at the initial stage, the Group did not provide any risk management service to Shandong Steel and/or its associates for the past three years. Annual caps For the three years ending 31 December 2017, 2018 and 2019, the maximum annual total amount of the premium for the risk management services provided by the Group to Shandong Steel and/or its associates shall not exceed the caps set out below: Proposed annual caps for the year ending 31 December, (RMB’000) Premium paid by Shandong Steel 2017 2018 2019 and/or its associates to the Group 10,000 15,000 18,800 Premium paid by the Group to Shandong Steel and/or its associates 10,000 15,000 18,800 Basis of annual caps The above proposed annual caps are determined with reference to the following: (i) the subjects of transactions on over-the-counter derivatives between the Group and Shandong Steel and/or its associates mainly include futures contracts of ferrous metals, rubber and stock indexes; (ii) due to the previous internal resources integration and reorganization of production capacity of Shandong Steel group, its development of the over-the-counter derivatives business was temporarily suspended. As the market scale of over-the-counter derivatives grows exponentially, as well as the gradual maturity in various transactions between the Company and Shandong Steel and/or its associates, and based on the calculation of the annual steel production value of Shandong Steel for over RMB100 billion, we estimate that the expected over-the-counter futures participation rate out of Shandong Steel’s production capacity for over-the-counter businesses between the Group and Shandong Steel and/or its associates for the three years ending 31 December 2017, 2018 and 2019 will be 0.8%, 1.2% and 1.5%, respectively. Accordingly, the respective total transaction amounts are expected to be RMB0.8 billion, RMB1.2 billion and RMB1.5 billion, respectively. Taking into consideration of the 2.5% premium rate which is the prevailing markets rates and consistent with the Company’s most recent similar transactions with independent third parties, the proposed annual caps for the premium paid by Shandong Steel and/or its associates to us for each of the three years ending 31 December 2017, 2018 and 2019 are RMB10,000 thousand, RMB15,000 thousand and RMB18,800 thousand, respectively.
Historical Amounts. For the two years ended 31 December 2015 and 2016 and the two months ended 28 February 2017, the transaction amounts of bulk commodities purchased by Luzheng Trading from Shandong Steel and/or its associates were approximately nil, RMB2,849 thousand and RMB528 thousand, respectively. Shandong Steel and/or its associates did not purchase raw materials including iron ores or other bulk commodities from Luzheng Trading or the Company in the past. Annual caps For the three years ended 31 December 2017, 2018 and 2019, the maximum annual amounts of transactions of sales and purchase of bulk commodities and raw materials between the Group and Shandong Steel and/or its associates shall not exceed the caps set out below: Proposed annual caps for the year ended 31 December, (RMB’000) 2017 2018 2019 The purchase amount of bulk commodities by the Group from Shandong Steel and/or its associates 200,000 300,000 450,000 The purchase amount of raw materials by Shandong Steel and/or its associates from the Group 100,000 150,000 225,000 Basis of annual caps The proposed annual caps for transaction contemplated under Bulk Commodities Sales and Purchase Framework Agreement are determined as follows: For the purchases of bulk commodities including but not limited to hot rolled wide steel plates by Luzheng Trading from Shandong Steel and/or its associates, (i) the associates of Shandong Steel include Jigang Group Co., Ltd. ( 濟鋼集團有限公司 ), Laiwu Steel and other large-scale steel enterprises in Shandong Province. According to the annual report of Shandong Steel (excluding its associates) for the year of 2016, Shandong Steel recorded annual steel production value of approximately RMB45,337 million, and its annual consumption amount of raw materials for steel was approximately RMB16,138 million. As such, Shandong Steel and its associates are the major suppliers of steel market as well as the major consumers of steel raw materials in Shandong Province; (ii) as Shandong Steel and its associates have good market reputation and brand awareness in the steel industry, they have a large loyal customer base in Shandong as well as in the whole country. In the past, the Group mainly purchased and sold bulk commodities in Shandong market. Also, due to the timeliness and opportunistic nature of purchase and sales of bulk commodities as well as relevant restrictive provisions for Connected Transactions, the Group mainly purchased and sold bulk commodities from and to steel factories other than Sh...
Historical Amounts. Save for the Previous Service Agreements, no catering and office maintenance services had been provided to the Group by BESM Beijing and/or third parties engaged by BESM Beijing prior to the date of the BES Hainan Catering Service Agreement. As such, there was no historical figure under the Service Agreements.
Historical Amounts. Set out below are the approximate historical amounts of the relevant sales by the Group to CR Health and/or its associates and/or hospitals that are managed by CR Health and/or its associates for the year ended 31 December 2018 and 2019 and the nine months ended 30 September 2020: For the years ended 31 December For the nine months ended 30 September 2018 2019 2020 RMB HK$ RMB HK$ RMB HK$ (million) (million) (million) (million) (million) (million) Relevant sales to CR Health and/or its associates and/or hospitals that are managed by CR Health and/or its associates 658.3 775.7 596.7 703.1 390.6 460.2 Annual Caps and Basis of Determination The proposed annual amounts receivable by the Group from CR Health, its associates and/ or hospitals managed by CR Health and/or its associates for the Group’s sales of medical and pharmaceutical products and consumables during the term of the Sales Framework Agreement 2021 for the years ending 31 December 2021 and 2022 are as follows: For the years ending 31 December 2021 2022 RMB (million) HK$ (million) RMB (million) HK$ (million) Sales of medical and pharmaceutical products and consumables 1,000.0 1,178.3 1,000.0 1,178.3 In determining the proposed annual caps for the transactions contemplated under the Sales Framework Agreement 2021, the Company has considered, among others, the following key factors:
Historical Amounts. Set out below are the historical amounts of the transactions under the Existing CCT Agreement: CONTINUING CONNECTED TRANSACTIONS WITH HUACHENG The year ended 31 December The eleven months ended 30 November Type of transaction 2020 2021 (RMB0’000) (RMB0’000) Purchase of the Huacheng Products from Huacheng 1,819.60 1,760.87 Sale of the Materials to Huacheng 7,979.50 10,632.91 Provision of labour services to Huacheng 1,883.50 983.54 Provision of entrusted processing services to Huacheng 2,049.20 1,925.00 Total 13,731.80 15,302.32 Note: The annual cap for the connected transactions of Huacheng in 2020 is RMB256 million, and the annual cap for the connected transactions of Huacheng in 2021 is RMB284 million. CONNECTED TRANSACTIONS WITH GPHL (EXCLUDING HUACHENG) The year ended 31 December The eleven months ended 30 November Type of transaction 2020 2021 (RMB0’000) (RMB0’000) Sales Transactions 20.10 1,059.14 Provision of Services 143.70 151.90 Use of Trademarks Under Licence 0.00 42.06 Asset Leasing from GPHL 206.00 1,130.46 Asset Leasing to GPHL 34.20 17.47 Total 404.00 2,401.03 The Directors confirm that all the applicable percentage ratios (except for the profits ratios) calculated in respect of the connected transactions with GPHL (excluding the connected transactions with Huacheng) actually occurred in 2020 and in the eleven months ended 30 November 2021, respectively, are less than 0.1%. Accordingly, the above transactions are de minimis transactions and therefore are fully exempted pursuant to Rule 14A76(1)(a) of the Hong Kong Listing Rules.
Historical Amounts. The Company and Shandong Port Finance Holding Group did not conduct any similar transactions as those under the Shandong Port Finance Holding Framework Agreement in the past. Therefore, there is no historical amount for the transactions under the Shandong Port Finance Holding Framework Agreement.
Historical Amounts. The actual box office income for each of the years ended 31 December 2018, 2019 and 2020 and the six months ended 30 June 2021 is set out below: For the year ended 31 December 2018 2019 2020 (RMB’000) For the six months ended 30 June 2021 Split income received by the Group 5,274 6,490 1,683 1,977
