HISTORICAL TRANSACTION VALUE. For each of the three years ended 31 December 2012, 31 December 2013 and 31 December 2014, the total sum of service fee paid by the Group to Fuzhou 851 under the Existing Recreation Centre Agreement amounted to RMB6,341,000, RMB6,125,000 and RMB5,000,000 respectively (equivalent to approximately HK$8,020,000, HK$7,750,000 and HK$6,330,000).
HISTORICAL TRANSACTION VALUE. For each of the years ended 31 December 2013 and 31 December 2014, the total sum of rental paid by the Group to Fuzhou 851 under the Existing Tenancy Agreements amounted to RMB6,816,000 (equivalent to approximately HK$8,630,000).
HISTORICAL TRANSACTION VALUE. For each of the year ending 31 December 2010, 2011 and 2012, the aggregated rental paid by the Lessees (other than Beijing Jianxianghemu) under the Existing Lease Agreements to approximately RMB8.8 million, RMB8.8 million and RMB8.8 million respectively, and the previous proposed cap amounts for each of the three years ending 31 December 2012 are RMB8.8 million, RMB8.8 million and RMB8.8 million respectively. Prior to entering into the New Lease Agreement, Beijing Jianxianghemu commenced leasing Beijing (New) Properties from Beijing Haichengruian at the annual rental of RMB500,000 as its laboratory.
HISTORICAL TRANSACTION VALUE. For each of the year ending 31 December 2013, 2014, the aggregated rental paid by the Lessees under the Existing Lease Agreements to approximately RMB10.6 million, RMB10.6 million respectively, and the previous proposed cap amounts for each of the two years ending 31 December 2013, 2014 are RMB10.6 million, RMB10.6 million respectively.
HISTORICAL TRANSACTION VALUE. For the years ended 31 December 2011 and 2012, we had paid the following amounts in respect of the lease arrangements with BMI Trading, Science Arts, Xxx Xx Xxxx and Hai-O: 31 December 2011 (HK$’000) 2012 Rentals paid to BMI Trading 102 73 Rentals paid to Science Arts 296 305 Rentals paid to Xxx Xx Xxxx 8 24 Rentals paid to Hai-O 426 402 The Company’s valuer, LCH (Asia-Pacific) Surveyors Limited, has confirmed that based on the above and subject to the general and inherent characteristics of the properties, they consider the rentals payable under the JV Lease Agreements to be either close to the market average or lower than the market average in favour of the Group.
HISTORICAL TRANSACTION VALUE. For the years ended 31 December 2011 and 2012, the transaction amounts paid by us in respect of our purchase from Maxbal, Science Arts, Xxxxx Xxxxxx and Hai-O Group are set out below: Purchases from Maxbal 558 777 Purchases from Science Arts 2,859 2,468 Purchases from Xxxxx Xxxxxx 3,136 6,878 Purchases from Hai-O Group 2,521 3,257 The purchases from Maxbal and Science Arts will be regarded as de minimis continuing connected transactions under Rule 20.33(3)(b) of the GEM Listing Rules and will be exempt from reporting, annual review, announcement and independent shareholders’ requirements under the GEM Listing Rules because (i) each of Maxbal and Science Arts is regarded as a connected person of the Company only by virtue of its relationship with our subsidiary, TRT (Australia) and TRT (Singapore), respectively; and (ii) each of the applicable percentage ratios is less than 1% on an annual basis. The transactions involving Xxxxx Xxxxxx and Hai-O will be regarded as exempt continuing connected transactions exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements for purpose of Rule 20.31(9) (b) (ii) of the GEM Listing Rules because (i) they constitute continuing connected transactions only because each of Xxxxx Xxxxxx and Hai-O is regarded as our connected person by virtue of its relationship with TRT (Canada) and TRT (Malaysia), respectively; and (ii) each of TRT (Canada) and TRT (Malaysia) is regarded as an insignificant subsidiary as the value of its total assets, profits and revenue represents less than 5% under the relevant percentage ratios as defined under Rule 19.04(9) of the GEM Listing Rules for the latest financial year ended 31 December 2012.
HISTORICAL TRANSACTION VALUE. For the years ended 31 December 2011 and 2012, the transaction amounts received by the Group in respect of our sales to Science Arts and Xxxxx Xxxxxx are set out below: Sales to Science Arts 351 374 Sales to Xxxxx Xxxxxx 18,413 49,256 The sales to Science Arts will be regarded as de minimis continuing connected transactions under Rule 20.33(3)(b) of the GEM Listing Rules and will be exempt from reporting, annual review, announcement and independent shareholders’ requirements under the GEM Listing Rules because (i) Science Arts is regarded as a connected person of the Company only by virtue of its relationship with our subsidiary, TRT (Singapore); and (ii) each of the applicable percentage ratios is less than 1% on an annual basis. As mentioned, the transactions involving Xxxxx Xxxxxx will be regarded as exempt continuing connected transactions exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements for purpose of Rule 20.31(9) (b) (ii) of the GEM Listing Rules because (i) they constitute continuing connected transactions only because Xxxxx Xxxxxx is regarded as our connected person by virtue of its relationship with TRT (Canada); and (ii) TRT (Canada) is regarded as an insignificant subsidiary as the value of its total assets, profits and revenue represents less than 5% under the relevant percentage ratios as defined under Rule 19.04(9) of the GEM Listing Rules for the latest financial year ended 31 December 2012.
HISTORICAL TRANSACTION VALUE. For the years ended 31 December 2011 and 2012, we had paid the following amounts in respect of the leases of the properties under the Lease Agreements with the Parent Group: 2011 (HK$’000) 2012 Rental paid to TRT Holdings 38 38 Rental paid to TRT International 300 1,800 Total: 338 1,838 Based on the current rentals payable, we expect to pay the following rentals to the Parent Group for the years ending 31 December 2013, 2014 and 2015 pursuant to the Lease Agreements: Aggregate annual rental payable to TRT Holdings 38 38 38 Aggregate annual rental payable to TRT International 1,800 1,800 1,800 Total: 1,838 1,838 1,838 The Company’s valuer, LCH (Asia-Pacific) Surveyors Limited, has confirmed that based on the above and subject to the general and inherent characteristics of the properties, they consider the rentals payable under the Lease Agreements to be either close to the market average or lower than the market average in favour of the Group. As mentioned above, the transactions under the Lease Agreements will constitute continuing connected transactions of the Company under the GEM Listing Rules upon completion of the Listing. As the applicable percentage ratios in respect of the rentals under the Lease Agreements will be more than 0.1% but less than 5% on an annual basis, the transactions contemplated under the Lease Agreements will be subject to the reporting, annual review and announcement requirements but exempt from independent shareholders’ approval requirement under Chapter 20 of the GEM Listing Rules.
HISTORICAL TRANSACTION VALUE. For the years ended 31 December 2011 and 2012, the amounts paid by the Group in respect of the purchases of Angong Niuhuang Powder from TRT Ltd. amounted to approximately HK$9.0 million and HK$14.3 million, respectively.
HISTORICAL TRANSACTION VALUE. For the years ended 31 December 2011 and 2012, the amounts paid by the Group in respect of the Group’s purchases of merchandise for its distribution in Non-PRC Markets amounted to approximately HK$30.9 million and HK$29.6 million, respectively.
