INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services.
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services. LISTING RULES IMPLICATIONS As the highest applicable percentage ratio of the Factoring Agreement is higher than 5% but lower than 25%, the transactions contemplated thereunder constitute a discloseable transaction of the Company and are subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
INFORMATION ABOUT THE PARTIES. The Group is principally engaged in (i) the provision of loan facilitation services, guarantee services, after-market services and other services; and (ii) the provision of financing lease services and other self-operated services in the PRC. Shanghai Yixin is a company incorporated in the PRC with limited liability and is an indirect wholly-owned subsidiary of the Company. Shanghai Yixin is principally engaged in financing lease business in the PRC. Zhidao Shenzhen is a company incorporated in the PRC with limited liability. As at the date of this announcement, Zhidao Shenzhen is owned as to approximately 5.24% by the Company indirectly through its Consolidated Affiliated Entity and 15.08% by Tencent indirectly through its non-wholly owned subsidiary. Given Tencent is a Controlling Shareholder and hence a connected person of the Company, Zhidao Shenzhen is therefore regarded as a commonly held entity of the Company within the meaning in Rule 14A.27 of the Listing Rules. Xxxxxx Xxxxxxxx is principally engaged in the research and development of smart Internet vehicles, autonomous driving operations and related technology. Zhidao Beijing is a company incorporated in the PRC with limited liability and is a direct wholly-owned subsidiary of the Zhidao Shenzhen. Zhidao Beijing is principally engaged in financing lease business. Hengyang Rongche is a company incorporated in the PRC with limited liability and is an indirect wholly-owned subsidiary of the Zhidao Shenzhen. Xxxxxxxx Xxxxxxx is principally engaged in the research and development of smart Internet vehicles, autonomous driving operations and related technology. LISTING RULES IMPLICATIONS As at the date of this announcement, Zhidao Beijing and Hengyang Rongche are wholly-owned subsidiaries of Zhidao Shenzhen. Xxxxxx Xxxxxxxx is owned as to approximately 5.24% by the Company and 15.08% by Tencent indirectly through its non-wholly owned subsidiary. As Tencent is a Controlling Shareholder and hence a connected person of the Company, Zhidao Shenzhen is a commonly held entity of the Company within the meaning of Rule 14A.27 of the Listing Rules. Accordingly, each transactions contemplated under the Finance Lease Agreements constitutes a connected transaction of the Company under Rule 14A.26 of the Listing Rules. Since the transactions contemplated under the Finance Lease Agreements are entered into within a 12-month period, such transactions have been aggregated as a series of transactions pursuant to Rule 1...
INFORMATION ABOUT THE PARTIES. The Group is principally engaged in leveraged foreign exchange and other trading, while the provision of cash dealing and securities trading referral services also form part of the Group’s business model. Banclogix is principally engaged in the provision of information technology services and is wholly owned by KVB Holdings which is principally engaged in investment holding and is owned as to 75% of its equity interest by Xx. Xx, a non-executive Director, and 25% of its equity interest by the Administrators. KVB Holdings holds approximately 14.75% of the issued share capital of the Company as at the date of this announcement. LISTING RULES IMPLICATIONS As at the date of this announcement, Banclogix is a wholly-owned subsidiary of KVB Holdings, which is a substantial shareholder of the Company, and is therefore a connected person of the Company under Chapter 14A of the Listing Rules. Accordingly, the Information Technology Services Agreement as amended by the Second Supplemental Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 of the Listing Rules, the transactions contemplated under the Information Technology Services Agreement as amended by the Second Supplemental Agreement are required to be aggregated with the transactions under the Software Licence Agreement (which is also a continuing connected transaction with Banclogix) as they were entered into within a 12-month period. As one or more of the applicable percentage ratio(s) (as defined in Rule 14.07 of the Listing Rules) exceeds 5% and the total consideration exceeds HK$10,000,000, the transactions contemplated constitute non-exempt continuing connected transactions of the Company and are subject to the reporting, announcement, annual review and Shareholders’ approval requirements under Chapter 14A of the Listing Rules. KVB Holdings and its associates are required to abstain from voting on the resolution of the EGM for approving the Second Supplemental Agreement and the Revised Aggregate Annual Caps. Saved as mentioned above and below, to the best of the Directors’ knowledge and belief, no other Director or Shareholder has any material interest in the transactions and therefore will be required to abstain from voting on the relevant resolutions at the EGM. The Directors have established the Independent Board Committee comprising three independent non-executive Directors, namely Xx. XXXX Xxxxxx, Xx. Xxxxxxxx Xxxxxxx...
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services. It is a branch of China Everbright Bank Co. Ltd., the shares of which are listed on the Shanghai Stock Exchange (stock code: 601818).
INFORMATION ABOUT THE PARTIES. BCL is a limited company incorporated in the British Virgin Islands and principally engaged in investment holding and consultancy services. BCL is directly wholly-owned by Xx. Xxx. The Company is incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange. The principal business of the Group is engaged in trading of construction materials, mainly pipes and fittings in Hong Kong and Macau.
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a company established in the PRC in 1984 and converted into a joint stock limited company on 28 September 2015. The principal business of the Company includes providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, inclusive finance, new energy and high-end equipment manufacturing. Information about the Factoring Bank The Factoring Bank is a large state-owned bank incorporated in the PRC in 2007. Its principal business is the provision of banking and related financial services. LISTING RULES IMPLICATIONS Pursuant to Rule 14.22 of the Listing Rules, as the highest applicable percentage ratio of the transaction under Factoring Agreement is higher than 5% but lower than 25%, the transaction under Factoring Agreement constitutes a discloseable transaction of the Company and is subject to the relevant announcement requirement under Chapter 14 of the Listing Rules, but is exempt from the shareholders’ approval requirement.
INFORMATION ABOUT THE PARTIES. The Lessee JNBY Finery is a limited liability company incorporated in the PRC with limited liability on June 21, 2011 and an indirectly wholly-owned subsidiary of the Company. The Company is a leading designer brand fashion house based in China. The Group designs, promotes and sells contemporary apparel, footwear and accessories for women, men, children and teenagers as well as household products. Brand portfolio of the Group currently comprises seven brands – (i) JNBY, (ii) CROQUIS, (iii) jnby by JNBY, (iv) less, (v) Pomme de terre, (vi) JNBYHOME and (vii) SAMO, each targeting at a distinct customer segment and having a uniquely defined design identity based on the Group’s universal brand philosophy – “Just Naturally Be Yourself”. The Lessors Mr. Xx Xxxx and Xx. Xx Xxx are the Founders of the Company. Xx. Xx is a controlling shareholder, the Chairman of the Board, chief executive officer and an executive Director. Xx. Xx is a controlling shareholder, an executive Director and the Chief Creative Officer of the Company. Xx. Xx and Xx. Xx are connected persons of the Company. Huikang Industrial is a wholly foreign owned enterprise established under the laws of the PRC on August 22, 2002 by Famewise Development Limited (慧康發展有限公司) and Sinomax Corporation Limited (華卓有限公司), both of which wholly owned companies of our Founders (equity interest held through nominees) holding 70% and 30% of the shares of Huikang Industrial, respectively. Huikang Industrial is a connected person of the Company. PROPOSED REVISION OF ANNUAL CAPS Taking the 2018 Lease Agreements into account, it is expected that the existing annual caps of the Transactions will be unable to cover the Group’s demand, and the Board therefore proposes that the existing annual caps be revised for the years ending, June 30, 2018 and June 30, 2019. The revised annual caps will become effective upon the date of the Board’s approval. The revised annual caps were determined after taking into account: (i) the existing annual caps for the Leases with Founder Entities and the New Lease Agreement for the years ending June 30, 2018 and June 30, 2019; and (ii) the pricing terms of the 2018 Lease Agreements. The Board has proposed to revise the existing annual caps to the revised annual caps as follows: For the year ending June 30, 2018 (RMB) 2019 (RMB) Existing annual caps 11,567,755.08 12,192,042.84 Proposed annual caps for the 2018 Lease Agreements 74,800.00 897,600.00 Revised annual caps 11,642,555.08 13,089,642.8...
INFORMATION ABOUT THE PARTIES. The Company The Company was incorporated in Hong Kong with limited liability and the shares of the Company have been listed on the Stock Exchange since 12 November 2003. The Group is principally engaged in the investment, development, operation and management of power plants and coal mines in the PRC. CR Cement CR Cement is principally engaged in the production and sale of cement, clinker and concrete in the PRC and Hong Kong. LISTING RULES IMPLICATIONS As at the date of this announcement, CRH, which is interested in approximately 62.98% of the total issued capital of the Company and is the controlling shareholder of the Company, is also the controlling shareholder of CR Cement by virtue of being interested in approximately 73.35% of the issued share capital of CR Cement. Accordingly CR Cement is an associate of CRH and therefore a connected person of the Company under the Listing Rules. Accordingly, the transactions under the Power Supply Framework Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios calculated under Rule 14.07 of the Listing Rules in respect of the annual cap for the transactions contemplated under the Power Supply Framework Agreement exceed 0.1% but are less than 5%, the transactions contemplated under the Power Supply Framework Agreement are subject to the reporting and announcement requirements but exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules. None of the Directors is considered to have material interest in the Power Supply Framework Agreement. As good corporate governance measure, Xx. Xxxx Xxxxxxx, Xx. Xxxx Xxxx and Mr. Xxxx Xxx abstained from voting on the relevant board resolutions for considering and approving the Power Supply Framework Agreement in view of their senior management roles at CRH.
INFORMATION ABOUT THE PARTIES. Shandong Xiwang Sugar Group is a leading provider of starch sugars, principally engaged in corn processing business with a focus on the production of starch sugars and corn co-products in the PRC, and the distribution and the sale of such products within and outside the PRC. Its products mainly include crystalline glucose, crystalline fructose, crystalline fructose-glucose, fructose-glucose syrup, corn gluten meal, corn gluten feed, corn germ, corn starch, sodium gluconate and maltodextrin. Most of these are functional ingredients which are mainly applied to food and beverage, fermentation, pharmaceutical, chemical, animal feed and construction industries. The Group is a leading high-end special steel manufacturer located in Shandong Province of the PRC. Our products consist of ordinary steel that is primarily used in buildings and infrastructures, as well as special steel that is used in automobile, shipbuilding, chemical and petrochemical, machinery and equipment sectors.
