Historical Transaction Amounts. The table below sets out the historical transaction amounts of the Product Purchase Transaction for the three years ended December 31, 2019, 2020, 2021 and nine months ended September 30, 2022. (in US$ millions) 2019 2020 2021 2022 Product Purchase Transaction Proposed Product Purchase Annual Caps 471.8 331.1 245.4 206.5 The Proposed Product Purchase Annual Caps for each of the three years ending December 31, 2023, 2024 and 2025 are set forth below, which was determined primarily with reference to projections of the Company which in turn are prepared by the Company mainly with reference to the following major factors: • the latest available actual amounts of the transactions under the Product Purchase Transaction and the Product Sales Transaction during the period from January 1, 2019 to September 30, 2022 (both dates inclusive); • the expected growth of the Group’s products; • the increase in the prices of precious metals; • the expected growth of the Group’s existing businesses between 2023 and 2025 in view of the Company’s investment and acquisition activities from time to time; • the production strategy as a result of the Group’s production costs control measures; • the expected increase in the number of orders between 2023 and 2025; • the increase in procurement of raw materials and semi-finished components from brand customers directly; • the increase in the procurement of finished components in Vietnam; and • a buffer of 10% due to uncertainties in the external environment. (in US$ millions) 0000 0000 0000 Proposed Product Purchase Annual Caps 375.0 401.0 429.0 On November 18, 2022, the Company and Hon Hai agreed upon the terms and conditions of the Framework Molding Parts Agreement in relation to the procurement of various molding parts by the Group from Hon Hai Group from time to time upon and subject to the terms and conditions thereof. The Company and Hon Hai had entered into an agreement on substantially the same terms for a term from January 1, 2020 to December 31, 2022. For details, please refer to the announcement published by the Company dated November 25, 2019. The principal terms of the Framework Molding Parts Agreement are set out as follows:
Historical Transaction Amounts. For each of the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023, the historical transaction amounts paid by Poly Developments and Holdings Group to the Group in respect of the pre-delivery services under the 2021-2023 Pre-delivery Services Framework Agreement were RMB993.2 million, RMB1,108.1 million and RMB538.0 million, respectively.
Historical Transaction Amounts. The Parent Company and its subsidiaries had been supplying products and materials and providing production services similar to those set out in the Purchase and Production Services Framework Agreement to members of the Xxxx Metal Group in the three years ended 31 December 2008, 2009, 2010 and the six months ended 30 June 2011. The aggregate amount paid by members of the Xxxx Metal Group to the Parent Company and its subsidiaries for such products, materials and services amounted to approximately RMB608,660,000, RMB685,960,000, RMB1,653,230,000 and RMB771,930,000 for the three years ended 31 December 2008, 2009, 2010 and the six months ended 30 June 2011, respectively.
Historical Transaction Amounts. No amount was payable by the Group for the use of the Xxxxx Trademarks and Xxxxx Names for the years ended 31 December 2018, 2019 and 2020. No amount was payable by the Group for the use of the Xxxxx Express Trademarks and Xxxxx Express Names for the years ended 31 December 2018 and 2019 and HK$100 was paid by KE Thailand for the use of Xxxxx Express Trademarks and Xxxxx Express Names for the year ended 2020. The Group have adopted the Xxxxx Trademarks and the Xxxxx Names across all the international markets in which the Company operates and in connection with the Partial Offer. As the Controlling Shareholders are expected to continue to be involved in the Company as significant Shareholders (i.e., in excess of 30%) and in order for the Company to continue to retain a clear brand identity and culture, the Company has requested the ongoing use of the Xxxxx Trademarks and the Xxxxx Names. KE Thailand and its subsidiary have adopted the Xxxxx Express Trademarks and Xxxxx Express Names in Thailand and in connection with the Partial Offer, KE Thailand has requested the ongoing use of the Xxxxx Express Trademarks and Xxxxx Express Names. The Directors (excluding the members of the LR Independent Board Committee and the Code Independent Board Committee whose view will be given after having been advised by the Independent Financial Adviser) believe that the Brand Licence Agreements are fair and reasonable and in the best interests of the Company and its Shareholders as a whole.
Historical Transaction Amounts. The aggregate purchase price paid by our Group to Daoming Company for the three financial years ended 31 December 2017, 2018 and 2019 and the six months ended 30 June 2020 were approximately HK$9,170,000, HK$11,919,000, HK$6,568,000 and HK$1,129,000, respectively. The fluctuations in historical transaction amounts are mainly due to the fact that (i) our Group made certain purchases from suppliers who are Independent Third Parties and who offered prices lower than Daoming Company and
Historical Transaction Amounts. The relevant aggregated transaction amounts under the 2019 SP Framework Agreement for the years ended 31 December 2019, 31 December 2020 and 31 December 2021 were approximately RMB357,000, RMB0, RMB0, respectively. CECEP is a company incorporated with limited liability in the PRC and is principally engaged in the research and development of energy conservation, environmental protection and new energy technology, investments in projects and construction operation. The Company is an investment holding company, whose subsidiaries are principally engaged in the research, development and promotion of shallow geothermal energy as an alternative energy to provide heating for buildings and is committed to the industrialization development of the original technology which can accelerate the all-around upgrade and transformation of the traditional heating industry with combustion, emissions and pollution to an emerging industry of combustion-free integrated heating and cooling system with shallow geothermal energy. As at the date of this announcement, CECEP (through its wholly-owned subsidiary CECEP (HK)) is a substantial Shareholder and is interested in 1,190,000,000 Shares, representing approximately 26.29% of the total issued share capital of the Company. Therefore, CECEP is a connected person of the Company pursuant to the GEM Listing Rules. The entering into the SP Framework Agreement with CECEP for the Supply Transactions contemplated thereunder constitutes continuing connected transactions on the part of the Company pursuant to Chapter 20 of the GEM Listing Rules. In view of all the applicable percentage ratios for the Supply Annual Caps are less than 5%, therefore the transactions contemplated under the SP Framework Agreement are subject to the reporting, annual review and announcement requirements but are exempt from the independent shareholders’ approval requirements under Chapter 20 of the GEM Listing Rules. None of the Directors has any interest in the transactions contemplated under the SP Framework Agreement. However, as Ms. Xxxx Xxx, Xx. Xxx Xxx, Xx. Xxx Xx and Mr. Xxxx Xxx were nominated by CECEP as Directors, in particular, Ms. Xxxx Xxx and Mr. Xxxx Xxx are also employees of CECEP and/or its subsidiaries, therefore for the sake of good corporate governance as well as to avoid any potential conflict of interest, they voluntarily abstained from voting on the Board resolutions in relation to the SP Framework Agreement.
Historical Transaction Amounts. According to the audited historical amounts of the Group for the 2 financial years ended 31 December 2010 and 2011 respectively and the unaudited historical amounts of the Group for the 7 months ended 31 July 2012, the historical amounts of consideration in respect of the reinsurance services provided by CTPI (HK) to members of the TPG Group and the Connected Subsidiaries are set out below: HK$’000 Gross premium income ceded by the members of the TPG Group and the Connected Subsidiaries and underwritten by CTPI (HK) 93 157 5,115 Commission expenses paid by CTPI (HK) to members of the TPG Group and the Connected Subsidiaries
Historical Transaction Amounts. The aggregate amounts paid by CR Cement, its subsidiaries and associates to the Group in relation to power supply by the Group for the nine months ended 30 September 2016 amounted to RMB101 million (equivalent to approximately HK$119 million. No power supply transactions had been conducted between the Group and CR Cement, its subsidiaries and associates for the years ended 31 December 2014 and 2015.
Historical Transaction Amounts. The historical amounts of the fees incurred under the Xingbei Partnership Agreement are as follows:
Historical Transaction Amounts. The table below sets out the historical transaction amounts of the Logistics Transaction for the three years ended December 31, 2019, 2020, 2021 and nine months ended September 30, 2022.
