Common use of LISTING RULES REQUIREMENTS Clause in Contracts

LISTING RULES REQUIREMENTS. As WCH is owned as to 50% by Xx. Xxx, the executive Director and a controlling Shareholder, and as to 50% by Xx. Xxxx, the spouse of Xx. Xxx. Therefore, WCH is defined as an associate of Xx. Xxx and a connected person of the Company under the Listing Rules, and the transaction contemplated under the New Tenancy Agreement constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules. As all of the applicable percentage ratios (other than the profits ratio) in respect of the maximum aggregate amount of rentals and reimbursements payable by the Tenant under the Agreements are, on an annual basis, more than 0.1% but is less than 5%, the transaction contemplated under the New Tenancy Agreement is exempt from independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.

LISTING RULES REQUIREMENTS. As WCH is owned as to 50% by Xx. Xxx, the executive Director and a controlling Shareholder, and as to 50% by Xx. Xxxx, the spouse of Xx. Xxx. Therefore, WCH is defined as an associate of Xx. Xxx and a connected person of the Company under the Listing Rules, and the transaction contemplated under the New Tenancy Agreement constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules. As all of the applicable percentage ratios (other than the profits ratio) in respect of the maximum aggregate amount of rentals and reimbursements payable by the Tenant under the Agreements are, on an annual basis, more than 0.1% but is less than 5%% but the annual consideration is more than HK$3,000,000, the transaction contemplated under the New Tenancy Agreement is exempt from independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.