Historical figures. The historical transaction amounts of the Master Procurement Agreement (2019) and the corresponding annual caps during the relevant years are as follows: Annual caps (in RMB’000) (Note) Actual amount (in RMB’000) For the For the year ended 31 December For the year ended 31 December For the year ending 31 December For the year ended 31 December For the year ended 31 December 6 months ended 30 June 2020 2021 2022 2020 2021 2022 Master Procurement Agreement (2019) 250,000 440,000 510,000 232,705 419,639 187,381 Note: Annual caps figures in the table above are derived from the announcements of the Company dated 31 December 2019 and 4 November 2021. It is expected that the actual amount for the year ending 31 December 2022 will not exceed the proposed annual cap for the corresponding year.
Historical figures. For the two years ended 31 December 2017 and 2018 and for the 10 months ended 31 October 2019, the Group’s sale of aluminium profiles to Jiangxi Jingxing was approximately RMB115.4 million, RMB65.6 million and RMB76.8 million respectively.
Historical figures. For the two years ended 31 December 2018 and 2019 and the nine months ending 30 September 2020, the rental amount of property leased by the Group to Jiangxi Jingxing was approximately RMB2,200,000, RMB2,700,000 and RMB2,678,000 respectively. Annual Cap The Annual Cap for the transactions contemplated under Tenancy Agreement B is set out below: For the three months ending 31 December Annual Cap amount (RMB) 2020 (1 October 2020 to 31 December 2020) 911,463 The above Annual Cap is arrived at by translating the monthly rent of RMB303,821 into rent receivable by Xxxxxxx Xxxxxx for the three months ending 31 December 2020 under the Tenancy Agreement B. In view of the above, the Directors (including the independent non-executive Directors) are of the view that the Annual Cap for the Tenancy Agreement B is fair and reasonable and in the interests of the Company and the Shareholders as a whole. Reasons for and benefits of the Tenancy Agreement B The Group is principally engaged in (i) the manufacture and sale of aluminium profiles which are applied as construction and industrial materials; and (ii) property development. Xxxxxxx Xxxxxx is principally engaged in the manufacture and sale of aluminium profiles. Xxxxxxx Xxxxxxxx is principally engaged in the manufacture and sale of aluminium panels. In view of the stable rental income to be generated under the Tenancy Agreement B and the rent and terms under the Tenancy Agreement B will not be more favourable to Jiangxi Jingxing than those offered to independent tenants, the Directors consider that the entering into the Tenancy Agreement B is in the interests of the Company and its Shareholders as a whole. INTERNAL CONTROLS – TENANCY AGREEMENTS The Group will undertake the following internal control measures to monitor the rents and terms of the transactions contemplated under each of the Tenancy Agreement A and Tenancy Agreement B and ensure that the rents and terms offered by the Landlords to the Tenants under the Tenancy Agreements will be no more favourable than rents and terms offered to independent tenants and that the Annual Caps are not exceeded:
Historical figures. The historical amounts of the fees for sales of silver by the Group to Zhaojin Import and Export for the two years ended 31 December 2015 and 31 December 2016 and the eleven months ended 30 November 2017 are set out as follows: For the year ended 31 December 2015 For the year ended 31 December 2016 For the eleven months ended 30 November 2017 RMB’ million RMB’ million RMB’ million (approximately) (approximately) (approximately) Sales of silver by the Group to Zhaojin Import and Export 7 198.70 59.41 The annual cap of the fee for sales of silver by the Group to Xxxxxxxx Xxxxxxx Group for the financial year ending 31 December 2017 under the 2015 Framework Agreement for Sales of Silver was RMB270,000,000 which has not been exceeded as at the date of this announcement and is not expected to be exceeded before 31 December 2017. Annual caps The Company expects the annual caps for the sales of silver (excluding value-added tax) for the three years ending 31 December 2018, 31 December 2019 and 31 December 2020 shall not exceed RMB200 million, RMB240 million and RMB288 million, respectively, which are determined with reference to: (i) the historical sales of silver by the Group; (ii) the market price of silver; and (iii) the possible increase in the price of silver in light of the historical fluctuations in the price of silver. Pricing Policies The prices of silver to be sold to Zhaojin Import and Export will be based on market price, which will be determined on a fair basis with reference to the morning or afternoon spot settlement price of No. 2 Silver quoted on Shanghai Huatong on the date of price determination and taking the highest price quoted by other buyers of silver. The price at which the Group sells silver to Zhaojin Import and Export shall not be lower than the price charged by the Group on independent third parties for the sales of same type of silver. Reasons for and benefits of entering into the Framework Agreement for Sales of Silver Zhaojin Import and Export is a well-established enterprise and a member of Shanghai Huatong. As the Company and Zhaojin Import and Export are both subsidiaries of Shandong Zhaojin and according to the payment terms of the Framework Agreement for Sales of Silver, the Company is entitled to deliver silver to Zhaojin Import and Export after payment is received by the Company, which can ensure that the payment will not be delayed and minimizes the credit risks involved. Given the aforesaid and after taking into account the...
Historical figures. The historical transaction amounts and the corresponding annual caps of the maximum daily outstanding balance of deposits under the Original Financial Services Framework Agreement during the relevant years are as follows: Annual caps (in RMB) (Note) Actual amount (in RMB) For the period from For the year ended 31 December 2014 For the year ended 31 December 2015 For the year ended 31 December 2016 27 October 2014 to 31 December 2014 For the year ended 31 December 2015 For the year ended 31 December 2016 Maximum daily outstanding balance of deposits 150,000,000 360,000,000 360,000,000 141,749,000 359,499,000 358,180,000 Note: Annual caps figures in the table above are derived from the announcements of the Company dated 27 October 2014 and 17 December 2015.
Historical figures. A breakdown of the approximate historical transaction figures in respect of the provision of non-financial miscellaneous services by the Everbright Group and its associates to the Group for two years ended December 31, 2017 and the six months ended June 30, 2018 is as follows: Approximate historical transaction figures for the six Non-financial Miscellaneous Services for the year ended December 31, months ended June 30, 2016 2017 2018 (RMB million) Fees paid by the Group to the Everbright Group and its associates for their provision of non- financial miscellaneous services 0.05 1.4 0.69
Historical figures. A breakdown of the approximate historical transaction figures in respect of the rent received from and paid to the Everbright Group and its associates by the Group for two years ended December 31, 2017 and the six months ended June 30, 2018 is as follows: Approximate historical transaction amounts for the six Property Leasing for the year ended December 31, months ended June 30, 2016 2017 2018 (RMB million) Rental income received from the Everbright Group and its associates for
Historical figures. According to the audited consolidated accounts of the NWDS Group for the two financial years ended 30 June 2008 and the unaudited consolidated management accounts of the NWDS Group for the nine months ended 31 March 2009, the aggregate approximate amounts of the Continuing Connected Transactions are as follows: For the financial year ended 30 June 2007 For the financial year ended 30 June 2008 For the nine months ended 31 March 2009 Master Management Agreement HK$69,526,000 HK$77,082,000 HK$48,163,000 (approximately RMB42,384,000) Master Leasing Agreement HK$111,797,000 HK$132,898,000 HK$86,098,000 (approximately RMB75,766,000) Concessionaire Counter Arrangements HK$12,375,000 HK$17,905,000 HK$15,073,000 (approximately RMB13,264,000) Master Services Agreement HK$22,144,000 HK$79,139,000 HK$29,133,000 (approximately RMB25,637,000) ANNUAL CAPS It is expected that the annual consideration payable under each of the Continuing Connected Transactions will not exceed the amount set out below (the “Annual Caps”): For the year ending 30 June 2010 2011 2012 Master Management RMB110,402,000 RMB126,962,000 RMB146,006,000 Agreement (approximately HK$125,373,000) (approximately HK$144,178,000) (approximately HK$165,805,000) Master Leasing RMB154,479,000 RMB224,415,000 RMB276,907,000 Agreement (approximately HK$175,427,000) (approximately HK$254,847,000) (approximately HK$314,456,000) Master RMB51,208,000 RMB74,734,000 RMB107,878,000 Concessionaire (approximately (approximately (approximately Counter Agreement HK$58,152,000) HK$84,868,000) HK$122,507,000) Master Services RMB141,998,000 RMB420,164,000 RMB413,766,000 Agreement (approximately HK$161,253,000) (approximately HK$477,139,000) (approximately HK$469,874,000) BASIS FOR THE ANNUAL CAPS The Annual Caps in respect of the Master Management Agreement have been determined by reference to historical transaction amounts, gross sales proceeds and rental income from third party operators. The Annual Caps in respect of the Master Leasing Agreement have been determined based on the historical transaction amounts, the terms of the leases and the expected growth in the number of new Stores. The Annual Caps in respect of the Master Concessionaire Counter Agreement have been determined based on the terms of the existing concessionaire counter agreements, the historical transaction amounts, the expected increase of sales of each of the concessionaire counters and the floor space of the CTF Jewellery Group alongside with the growth...
Historical figures. For the year ended 31 December 2017 and 31 December 2018, and for the period from 1 January 2019 to 16 December 2019 (the latest practicable date before entering into the Supplemental Agreement), the premiums ceded by the Company to PICC Re and the commissions paid to the Company by PICC Re are as follows: Premiums ceded by the Company to PICC Re RMB million Commissions paid to the Company by PICC Re RMB million For the year ended 31 December 2017 3,170 1,039 For the year ended 31 December 2018 4,058 1,378 For the period from 1 January 2019 to 16 December 2019 (Note) 3,846 1,203 Note: the above figures for the period from 1 January 2019 to 16 December 2019 are extracted from the business system and are not audited. Both the premiums ceded by the company to PICC Re and the commissions paid to the Company by PICC Re under the Reinsurance Framework Agreement for the period from 1 January 2019 to the date of this announcement didn’t exceed current annual caps as agreed under the Reinsurance Framework Agreement.
Historical figures. The historical amounts of the fees for the provision of gold refining services by Xxxxxxx Refinery to the Group for the two years ended 31 December 2015 and 31 December 2016 and the eleven months ended 30 November 2017 are set out as follows: For the year ended 31 December 2015 For the year ended 31 December 2016 For the eleven months ended 30 November 2017 RMB’ million RMB’ million RMB’ million (approximately) (approximately) (approximately) Gold refinery fee payable by the Group to Zhaojin Refinery 7.41 7.23 5.15 The annual cap of the fee for the provision of gold refining services by Zhaojin Refinery to the Group for the financial year ending 31 December 2017 under the 2015 Gold Refinery Agreement was RMB9,900,000 which has not been exceeded as at the date of this announcement and is not expected to be exceeded before 31 December 2017. Annual caps The Company expects that the annual caps for the annual fees payable by the Company to Zhaojin Refinery for the provision of gold refining services for each of the three years ending 31 December 2018, 31 December 2019 and 31 December 2020 shall not exceed RMB12.60 million. The above annual caps are arrived at after taking into account (i) the historical fees payable by the Company to Zhaojin Refinery for the provision of gold refining services; and (ii) the expected sales and production of gold by the Group. In view of the anticipated increase in our gold production capacity and other factors such as sales strategy having regard to anticipated gold price trend and production capability, the annual caps for the transactions under the Gold Refinery Agreement will be higher than those in the past three years. Pricing policies The processing fee per gram for crude gold with gold content less than 99% is determined by the parties to the Gold Refinery Agreement after arm’s length negotiation having regard to the price charged by similar service providers in the local market. The terms offered by Xxxxxxx Refinery to the Company shall be no less favourable than that offered by independent third party refineries to the Company. The Gold Refinery Agreement also provided that the fees at which Zhaojin Refinery provides gold refining services to the Company shall not be higher than the fees charged by Xxxxxxx Refinery on any independent third party at that time for the same type of services provided in the normal course of business and shall not be higher than the fees charged by any independent third party to the Group a...
