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 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. The historical transaction amounts and the annual caps for the Internet Access 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. The existing annual caps and historical actual transaction amounts under the Existing Trademark Licence Agreement for the years in 2021 and 2022 are as follows: Existing annual caps 1.8 32 * This amount is extracted from the Company’s management account up to 31 October 2022. Based on the management assessment on the utilization of the existing annual cap, it is expected that the existing annual cap of HK$32 million for the transactions contemplated under the Existing Trademark Licence Agreement, will not be exceeded for the year ending 31 December 2022. The Annual Caps for each of the years ending 31 December 2023 and 2024 are HK$30 million and HK$65 million respectively. The Annual Caps are arrived at after taking into account (i) the historical and projection of the financial performance of the Company; (ii) the anticipated revenue from the principal business less the internal purchases of the Company of the two years ending 31 December 2022 and 2023 factor in the commencement of mass production of the Company’s production base in Chengdu which lead to higher self-production capacity since 2023; and (iii) the arm’s length negotiation between the Company and BOE. Shareholders are reminded that the Annual Caps are the best estimates made by the Company on the maximum annual transaction amounts based on the currently available information possessed by the Company. There are no direct correlation and shall not be construed as to have any direct correlation between the Annual Caps and the financial performance or potential financial performance of the Company. Since 2017, the Company has been adopting the Trademark for all its corporate promotions, products and other business activities in relation to the display business. As the Trademark has been widely adopted in all the businesses and activities managed and operated by the Company and are generally known and recognised by the public, the Trademark has become an important means of promoting the Company’s brand and image and a key icon in all of the Company’s external promotion and marketing activities. The continual use of the Trademark will ensure the continuity of promoting the brand and image of the Company, thereby ensuring that the services and businesses of the Company will be well recognised by the public. This will also enhance the Company’s long-term competitiveness and efficiency in communication. The above advantage has also brought us to reach ever higher revenue with our customers’ high recog...
HISTORICAL FIGURES AND ANNUAL CAPS. The table below sets out a summary of (1) the historical amounts in respect of the supply of medical devices by the Group to Otsuka and/or its associates for the three years ended 31 December 2016, and (2) the proposed annual caps for the three years ending 31 December 2019. 3.76 4.27 3.92 10 11 12
HISTORICAL FIGURES AND ANNUAL CAPS. The table below sets out a summary of (1) the historical amounts in respect of the supply of service by Xxxxxxx and/or its associates to the Group for the three years ended 31 December 2016, and (2) the proposed annual caps for the three years ending 31 December 2019. 0.20 0.29 0.43 2 3 4
HISTORICAL FIGURES AND ANNUAL CAPS. BOE did not charge any license fee for the use of the Trademark by the Company for the two financial years ended 31 December 2020 and the eleven months ended 30 November 2021. The Annual Caps for each of the two years ending 31 December 2021 and 2022 are HK$1.8 million and HK$32 million respectively. The Annual Caps are arrived at after taking into account (i) the historical and projection of the financial performance of the Company; (ii) the anticipated revenue from the principal business deducing the internal purchases of the Company of the two years ending 31 December 2020 and 2021; and (iii) the arm’s length negotiation between the Company and BOE. Shareholders are reminded that the Annual Caps are the best estimates made by the Company on the maximum annual transaction amounts based on the currently available information possessed by the Company. There are no direct correlation and shall not be construed as to have any direct correlation between the Annual Caps and the financial performance or potential financial performance of the Company. The Directors (including the independent non-executive Directors) are of the review that the Annual Caps are fair and reasonable.
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below is a summary of the historical transaction amounts of sale by the Group to 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 AVIC International 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) 3,000,000,000 3,200,000,000 3,500,000,000 The proposed annual caps are determined with reference to the historical sales of related goods from the Group to AVIC International and/or its Associated Companies and in consideration of the developing plans of the Group for the coming three years. A subsidiary of AVIC International has been in a trial production stage in the first half of 2014 and is expected to commence formal production in the second half of 2014. The Company expected that as the production capacity of such subsidiary increases continuously, it will have more additional sale and purchase business with the Group. Besides, as the global shipping industry recovers, the ship building and trade business of the Group has increased significantly since the second half of 2013. Based on the orders at hand, it is expected that there will be additional sale and purchase business of ship components and spare parts of large amount between the Group and AVIC International and its Associated Companies in the future.
HISTORICAL FIGURES AND ANNUAL CAPS. Set out below is a summary of the historical transaction amounts of purchase by the Group from 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 AVIC International Purchase Framework Agreement for the following periods: Year ending 31 December 2015(RMB) Year ending 31 December 2016(RMB) Year ending 31 December 2017(RMB) 3,500,000,000 4,000,000,000 4,500,000,000 The proposed annual caps are determined with reference to the historical purchases of related goods by the Group from AVIC International and/or its Associated Companies and in consideration of business plans of the Group, especially the continuous growth in shipping business and purchases of asphalt and bearings. It is expected that the purchase amount by the Group from AVIC International and/or its Associated Companies will gradually increase.
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.
