HISTORICAL FIGURES AND ANNUAL CAPS. The historical transaction amounts and the annual caps for the Internet Data Centre Transactions are set out below: Historical Amounts for the Year ended 31 December Historical Amount for the Period from 1 January to 31 March Annual Cap for the Period from 1 June to 31 December Annual Caps for the Year ending 31 December Annual Cap for the Period from 1 January to 31 May 2015 2016 2017 2018 2018 2019 2020 2021 (HK$ in million) (HK$ in million) (HK$ in million) (HK$ in million) (HK$ in million)
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below are the service charges paid/payable by the CITIC Group Members to the Group in respect of the provision of the Messaging Services by the Group for the period from 1 June 2021 to 31 December 2021, each of the financial years ended 31 December 2022 and 2023, and the period from 1 January 2024 to 31 March 2024: Historical amount for the period from 1 June to 31 December Historical amounts for the financial years ended 31 December Historical amount for the period from 1 January to 31 March 2021 2022 2023 2024
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below is a summary of the historical transaction amounts of sale by the Group to Aviation Industry and its associates (other than AVIC International and its Associated Companies) for the following periods: Set out below are the proposed annual caps for the transactions contemplated under the New Aviation Industry Sale Framework Agreement for the following periods: Year ending 31 December 2015(RMB) Year ending 31 December 2016(RMB) Year ending 31 December 2017(RMB) 150,000,000 180,000,000 200,000,000 The proposed annual caps are determined with reference to the historical sales of related goods to Aviation Industry and its associates (other than AVIC International and its Associated Companies). Taking into consideration the future economic growth trends as well as the development plan of the Group for the coming three years, it is expected that there will be a boost in the sales of goods by the Group to Aviation Industry and/or its associates (other than AVIC International and its Associated Companies).
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below are the service charges paid/payable by the CITIC Group Members to the Group in respect of the provision of the Virtual Private Network Services by the Group under the Previous Framework Agreement for the period from 1 June 2021 to 31 December 2021, each of the financial years ended 31 December 2022 and 2023, and the period from 1 January 2024 to 31 March 2024: Historical amount for the period from 1 June to 31 December Historical amounts for the financial years ended 31 December Historical amount for the period from 1 January to 31 March 2021 2022 2023 2024
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below is a summary of the historical transaction amounts of agency services transactions between Aviation Industry and/or its associates (other than AVIC International and its Associated Companies) and the Group for the following periods: Provision of services by the Group 4,270,000 46,320,000 26,600,000 Acceptance of services by the Group 6,150,000 9,180,000 5,200,000 Set out below are the proposed annual caps for the transactions contemplated under the New Aviation Industry Agency Services Framework Agreement for the following periods: Proposed annual caps for the following periods Year ending 31 December 2015 (RMB) Year ending 31 December 2016 (RMB) Year ending 31 December 2017 (RMB) Provision of services by the Group 120,000,000 150,000,000 200,000,000 Acceptance of services by the Group 35,000,000 38,000,000 40,000,000 The proposed annual caps are determined with reference to the historical transaction amounts of agency services provided to and by Aviation Industry and/or its associates (other than AVIC International and its Associated Companies). Also, the business development, in particular, the increase price for the Group’s provision of agency services in bidding and tendering agency to Aviation Industry and its associates (other than AVIC International and its Associated Companies) as well as the closer cooperation on technology sharing and consulting management between the Group and Aviation Industry and its associates have been taken into consideration.
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below is a summary of the historical transaction amounts of AVIC International and/or its Associated Companies leasing real estate properties to the Group for the years ended 31 December 2011 and 2012, and for the nine months ended 30 September 2013: RMB1,024,487 RMB910,978 RMB1,205,613 Set out below are the proposed annual caps for the transactions contemplated under the AVIC International Tenancy Framework Agreement during its term: The Group proposes to lease from Associated Companies of AVIC International certain newly constructed commercial properties for office use. In addition, following completion of on-going acquisitions by the Group, it is expected that the Group will include more members, and it is expected that these new members of the Group will also lease from AVIC International and/or its Associated Companies in its ordinary and usual course of business. On this basis, the proposed annual caps are determined with reference to areas of real estate properties proposed to be leased by the Group from AVIC International and/or its Associated Companies, taking into account the prevailing market rents for similar properties in nearby areas. The amounts to be paid by the Group to AVIC International and/or its Associated Companies under the AVIC International Tenancy Framework Agreement will be determined on a fair and reasonable basis and based on fair market rate, and in principle, they will not deviate from the price and terms offered by Independent Third Parties.
HISTORICAL FIGURES AND ANNUAL CAPS. Due to expansion of business and increased needs of the Group, the Board expects that the original annual cap for Sale of Goods under the Master Sale and Purchase (2019) Agreement for the period from 25 April 2019 to 31 December 2019 as disclosed in the announcement of the Company dated 25 April 2019 will not be sufficient. The Board therefore proposes the original annual cap for Sales of Goods under the Master Sale and Purchase (2019) Agreement be revised as follows: Continuing Connected Transaction For the period from 25 April 2019 to 30 September 2019 (unaudited) (for actual amount only)/ for the period from 25 April 2019 to 31 December 2019 (for original/ proposed revised annual cap only) HK$’000 Master Sale and Purchase Actual: (2019) Agreement – Sourcing of Goods 54 – Sale of Goods 48,914 Original annual caps: – Sourcing of Goods 10,000 – Sale of Goods 80,000 Proposed revised annual caps: – Sourcing of Goods 10,000 (no proposed revision) – Sale of Goods 130,000 As disclosed in the announcement of the Company dated 25 April 2019, the Master Sale and Purchase (2019) Agreement was entered as a short-term temporary arrangement to accommodate the Group’s immediate business needs. The original annual caps for Sale of Goods under the Old Master Sale and Purchase Agreements were approximately HK$132 million, HK$142 million and HK$152 million for the years ended 31 December 2017, 2018 and 2019 respectively. Nevertheless, the original proposed annual cap for Sale of Goods under the Master Sale and Purchase (2019) Agreement for the period from 25 April 2019 to 31 December 2019 was only HK$80 million, which was far below the said annual caps for Sale of Goods for the previous financial years. As of 30 September 2019, the actual (unaudited) amount for Sale of Goods under the Master Sale and Purchase (2019) Agreement had reached approximately HK$48,914,000 and therefore only approximately HK$31,086,000 in the annual cap for the period from 25 April 2019 to 31 December 2019 (representing approximately 38.86% of the annual cap for the said period) remained available for utilisation for the remaining term of the agreement. Based on past business records of the Group, the Group tends to experience a higher amount of turnover and also Sale of Goods in the last quarter of a year due to holiday season and the potential increase in demand by TCL Industries Associates for Electronic Products when compared to the second quarter of a year. In this regard, it is expected that...
HISTORICAL FIGURES AND ANNUAL CAPS. The transaction amounts paid by the Group for maritime transportation service of the Wang Family Companies for the financial year ended 31 December 2007 and the six months ended 30 June 2008 are approximately RMB5,688,000 and RMB3,539,000 respectively. The Company intends to set the Annual Caps as follows: (in RMB) 81,120,000 139,920,000 (approximately in HK$) 91,666,000 158,110,000 The Annual Caps are determined based on the projected volume of sale of gas of the Group to different locations in the PRC which is expected to require maritime transportation service of the Wang Family Companies for the two financial years ending 31 December 2009 and 2010 and the estimated market rates of transportation fees for such period. The significant increase in the amount of Annual Caps when compared with the above historical figures is due to a substantial increase in the anticipated demand of LPG from customers or potential customers of the Group for the two financial years ending 31 December 2009 and 2010, which results from the Group’s recent business strategies. Based on the above, the Board (including the independent non-executive Directors) considers that the Annual Caps are fair and reasonable.
HISTORICAL FIGURES AND ANNUAL CAPS. The historical transaction amounts and the annual caps for the Virtual Private Network Transactions are set out below: Historical Amounts for the Year ended 31 December Historical Amount for the Period from 1 January to 31 March Annual Cap for the Period from 1 June to 31 December Annual Caps for the Year ending 31 December Annual Cap for the Period from 1 January to 31 May 2015 2016 2017 2018 2018 2019 2020 2021 (HK$ in million) (HK$ in million) (HK$ in million) (HK$ in million) (HK$ in million)
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below is a summary of the historical transaction amounts and contracted amount for provision of the said construction services by International Engineering Companies (and its subsidiaries) to AVIC International and its Associated Companies for the years ended 31 December 2012, 31 December 2013 and for the eight months ended 31 August 2014: Historical figures for the following periods From 5 September 2012 to 31 December 2012 (RMB)(approx.) Year ended 31 December 2013 (RMB) (approx.) Eight months ended 31 August 2014 (unaudited) (RMB) (approx.) Contracted amount 116,150,000 1,092,790,000 772,940,000 Actual transaction amount 4,800,000 254,420,000 520,000,000 Set out below are the proposed annual caps for the transactions contemplated under the New AVIC International Construction Services Framework Agreement (in terms of contract sum committed if awarded as a result of successful bid): Year ending 31 December 2015(RMB) Year ending 31 December 2016(RMB) Year ending 31 December 2017(RMB) 1,000,000,000 1,200,000,000 1,500,000,000 The proposed annual caps are determined with reference to (i) the historical transaction amount of construction work of AVIC International and its Associated Companies; (ii) the plans of property projects proposed to be developed and constructed in the next three years by AVIC International and its Associated Companies; (iii) the expected number of property projects which may be secured by International Engineering Company (and/or its subsidiaries) through bidding; and (iv) market rate for projects of construction services.