INFORMATION OF THE PARTIES. Information of the Company Information of the Lessees
INFORMATION OF THE PARTIES. The Company
INFORMATION OF THE PARTIES. Information of the Company Information of the Lessee Information of the Supplier LISTING RULES IMPLICATIONS
INFORMATION OF THE PARTIES. Information of the Company Information of the Asset Transferee LISTING RULES IMPLICATIONS
INFORMATION OF THE PARTIES. The Group
INFORMATION OF THE PARTIES. The Group is principally engaged in real estate development and sales in Henan Province, the PRC. Central China New Life is principally engaged in providing all-rounded property management service for buildings and communities nearby in Henan Province, the PRC. As at the date of this announcement, Central China New Life is directly owned as to more than 30% by Xx. Xx. Xx. Xx is the controlling Shareholder and a connected person of the Company. Accordingly, Central China New Life is an associate of Xx. Xx and thus a connected person of the Company under Rule 14A.07(4) of the Listing Rules. The transactions contemplated under the Marketing Centre Management Services Framework Agreement therefore constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As one or more applicable percentage ratios (other than the profit ratio) in respect of the transactions contemplated under the Marketing Centre Management Services Framework Agreement are over 0.1% but less than 5%, the transactions contemplated under the Marketing Centre Management Services Framework Agreement are subject to the reporting, announcement and annual review requirements but exempted from the circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
INFORMATION OF THE PARTIES. Information of the Company Information of the Asset Transferor Information of the Lessee
INFORMATION OF THE PARTIES. Xxxxx Xxxxxx Xxxxx Xxxxxx is principally engaged in the production of dehaired cashmere and cashmere tops. It is located in Qinghe County, Xingtai City, Hebei Province, the PRC which is a region where high quality cashmere is found. So far as the Directors are aware, Hebei Yuteng is one of the largest cashmere processing factories in Hebei Province and is also well-known for its use of advanced technology in its production of high quality cashmere. As informed by Xxxxx Xxxxxx, Xxxxx Xxxxxx is ultimately beneficially owned as to approximately 51% by Mr. Xx Xxxxxx and approximately 49% by Mr. Xx Xxxxxxxx as at the date of this announcement. As at the date of this announcement, (i) Mr. Xx Xxxxxx is a director, the general manager and authorised representative of Nanguan Tech and a director of Moro International; and (ii) Mr. Xx Xxxxxxxx is a director of Nanguan Tech. The Purchasers Nanguan Tech is a joint venture company owned as to 55% and 45% by the Company (through a subsidiary) and Hebei Yuteng respectively as at the date of this announcement. The principal business of Nanguan Tech is the production of cashmere yarn. Each of Huizhou Nanxuan and Huizhou Nanguan is a wholly-owned subsidiary of the Company. The principal business of each of Huizhou Nanxuan and Huizhou Nanguan is the manufacture of knitwear products. Moro International is a non-wholly owned subsidiary of the Company. The principal business of Moro International is the trading of cashmere yarn. REASONS FOR AND BENEFITS OF THE 2024 RAW MATERIALS PURCHASE AGREEMENT The Group is principally engaged in the manufacture of knitwear products. The Group also produces cashmere yarn for the production of cashmere knitwear. The entering into of the 2024 Raw Materials Purchase Agreement provides the Purchasers access to a reliable supply of high quality cashmere and other raw materials on favourable terms and allows the Purchasers to better manage quality control and production lead time for the Group’s cashmere knitwear products. In view of the aforesaid, the Directors (including the independent non-executive Directors) are of the view that the terms of the 2024 Raw Materials Purchase Agreement (including the annual cap under the 2024 Raw Materials Purchase Agreement) are fair and reasonable and the transactions contemplated thereunder are on normal commercial terms or better, in the ordinary and usual course of business of the Group, and are in the interests of the Company and its shareholders as a whol...
INFORMATION OF THE PARTIES. Information on the Company Information on the Kelun Group
INFORMATION OF THE PARTIES. The Company Shougang Finance Company and Shougang Group LISTING RULES IMPLICATIONS
