LEASE FRAMEWORK AGREEMENT. On 10 December 2024, the Company entered into the Lease Framework Agreement with Honghua Leasing, pursuant to which the Group will purchase direct financial leasing services and operating leasing services from Honghua Leasing.
LEASE FRAMEWORK AGREEMENT. As TSFL Group (as lessor) has provided Finance Lease Services and Operating Lease Services to China Petrochemical Corporation Group (as lessee) from time to time, and the Company expects that TSFL Group will continue to provide Lease Services to China Petrochemical Corporation Group, TSFL and Sinopec Industry-Finance Holdings entered into the Lease Framework Agreement on 11 May 2023, pursuant to which TSFL Group (as lessor) agreed to provide Lease Services to China Petrochemical Corporation Group (as lessee), from 11 May 2023 to 31 December 2025 (both days inclusive). As TSFL is owned as to 50% by China Petrochemical Corporation, China Petrochemical Corporation is a connected person at the subsidiary level of the Company; as Sinopec Industry-Finance Holdings is a wholly-owned subsidiary of China Petrochemical Corporation, Sinopec Industry-Finance Holdings is also a connected person at the subsidiary level of the Company. Therefore, pursuant to Chapter 14A of the Listing Rules, the Lease Framework Agreement entered into between TSFL and Sinopec Industry-Finance Holdings and the transactions contemplated thereunder constitute continuing connected transactions between the Company and connected persons at the subsidiary level of the Company. According to Rule 14A.101 of the Listing Rules, (i) Sinopec Industry-Finance Holdings and China Petrochemical Corporation Group are connected persons at the subsidiary level of the Company;
LEASE FRAMEWORK AGREEMENT. On 21 May 2020 (after trading hours), the Company entered into the Lease Framework Agreement with COFCO Feed. Pursuant to the contract terms and conditions of the Lease Framework Agreement, COFCO Feed and/or its subsidiaries agreed to lease the Subject Facilities to the Group for feed production and the Group agreed to rent the Subject Facilities and pay corresponding rent to COFCO Feed and/or its subsidiaries for a term from 21 May 2020 to 31 December 2020. The Lease Framework Agreement constitutes continuing connected transactions of the Company under the Listing Rules. Set out below are the major terms of the Lease Framework Agreement: Date: 21 May 2020 Parties: (i) the Company; and
LEASE FRAMEWORK AGREEMENT. Principal terms
LEASE FRAMEWORK AGREEMENT. Pursuant to the 2021 Lease Framework Agreement, the Company and COSCO SHIPPING agreed to provide each other’s group (and/or the associates of COSCO SHIPPING) with the Leasing Services.
LEASE FRAMEWORK AGREEMENT. Pursuant to the Existing Lease Framework Agreement, the Group shall lease the Premise to members of Everbright Group. After taking into account that in the course of the Group’s daily operation, the Group leases and will continue to lease the Premises to members of Everbright Group, and in order to better regulate such transactions, the Company and China Everbright entered into the Lease Framework Agreement on 7 November 2019 in respect of the leases between members of the Group and members of Everbright Group. The Lease Framework Agreement is conditional upon the Independent Shareholders’ approval at the EGM having been obtained. The summary of the principal terms of the Lease Framework Agreement is set forth below: Date: 7 November 2019 Parties: (i) the Company; and (ii) China Everbright.
LEASE FRAMEWORK AGREEMENT. Reference is made to the Prospectus in relation to the Existing Property Lease Framework Agreement. As the Existing Property Lease Framework Agreement is due to expire on 31 December 2023, on 31 December 2023, the Company, GZYX and Yuexiu Property entered into the Property Lease Framework Agreement with a term commencing from 1 January 2024 to 31 December 2026 to govern the Group’s leases of properties from GZYX, Yuexiu Property and their respective associates which are exempt from recognition as right-of-use assets under HKFRS16. For the avoidance of doubt, the leasing of properties by the Group which have been recognised as right-of-use asset in accordance with HKFRS16 will not be included for the utilisation of the annual caps proposed in respect of the Property Lease Framework Agreement. The principal terms of the Property Lease Framework Agreements are as follows: (ii) GZYX
LEASE FRAMEWORK AGREEMENT. The Group has been leasing various office premises in the Properties to the COLI Group, among which certain leases will expire on 31 October 2023. Such existing leases constituted continuing connected transactions of the Company, which in aggregate was de minimis. As the number of premises available for lease by the Group to the COLI Group and the total rent payable under such leases are expected to increase, on 31 October 2023, the Company and COLI entered into the Lease Framework Agreement, pursuant to which members of the COLI Group (as lessee) may lease Properties from members of the Group (as lessor) during the term of three years, commencing from 1 November 2023 and ending on 31 October 2026 (both dates inclusive), subject to the terms of the Lease Framework Agreement and the Caps. Principal terms of the Lease Framework Agreement are summarised as follows: 31 October 2023
