Common use of Loan Services Clause in Contracts

Loan Services. Shandong Finance shall provide certain loan services to the Group under the New Financial Services Agreement. As the said loan services to be provided by Shandong Finance to the Group are on normal commercial terms similar to or more favourable than those offered by other financial institutions for the provision of comparable services in the PRC and are for the benefit of the Group, and no security over the assets of the Group is granted in respect of such loan services, the loan service to be provided by Shandong Finance to the Company under the New Financial Services Agreement are exempt from all reporting, announcement and independent shareholders’ approval requirements under Rule 14A.90 of the Listing Rules. For completeness, the major terms of the said loan services to be provided by Shandong Finance to the Group are set out below for the shareholders’ information: (a) the loan services to be provided by Shandong Finance include the provision of loans, discounted notes and bill acceptance services and the grant of credit facilities within the scope allowed by the laws, regulations and policies of the PRC and in accordance with the requirements of the CBRC; (b) the interest rate for the loan services to be provided by Shandong Finance to the Group shall, subject to the compliance of the relevant requirements of the People’s Bank of China in relation to the interest of loans, not exceed the lowest interest rate for the same type and class of loan provided by other major commercial banks in the PRC to the Group for the same period; (c) the Group shall not be required to provide any security over its assets for the loan services; and (d) Shandong Finance shall provide a credit facility in respect of the loan services of up to RMB17 billion to the Group and the annual interest that shall accrue thereunder shall not exceed RMB739.5 million for each of the three years ending 29 June 2019.

Loan Services. Shandong Finance shall provide certain loan services to the Group under the New Financial Services Agreement. As the said loan services to be provided by Shandong Finance to the Group are on normal commercial terms similar to or more favourable than those offered by other financial institutions for the provision of comparable services in the PRC and are for the benefit of the Group, and no security over the assets of the Group is granted in respect of such loan services, the loan service to be provided by Shandong Finance to the Company under the New Financial Services Agreement are exempt from all reporting, announcement and independent shareholders’ approval requirements under Rule 14A.90 14A.65(4) of the Listing Rules. For completeness, the major terms of the said loan services to be provided by Shandong Finance to the Group are set out below for the shareholders’ information: (a) the loan services to be provided by Shandong Finance include the provision of loans, discounted notes and bill acceptance services and the grant of credit facilities within the scope allowed by the laws, regulations and policies of the PRC and in accordance with the requirements of the CBRC; (b) the interest rate for the loan services to be provided by Shandong Finance to the Group shall, subject to the compliance of the relevant requirements of the People’s Bank of China in relation to the interest of loans, not exceed the lowest interest rate for the same type and class of loan provided by other major commercial banks financial institutions in the PRC to the Group for the same period; (c) the Group shall not be required to provide any security over its assets for the loan services; and (d) Shandong Finance shall provide a credit facility in respect of the loan services of up to RMB17 RMB10 billion to the Group and the annual interest that shall accrue thereunder shall not exceed RMB739.5 million for each of the three years ending 29 June 2019RMB0.6 billion.

Loan Services. Shandong Finance shall provide certain loan services to the Group under the New Financial Services Agreement. As the said loan services to be provided by Shandong Finance to the Group are on normal commercial terms similar to or more favourable than those offered by other financial institutions for the provision of comparable services in the PRC and are for the benefit of the Group, and no security over the assets of the Group is granted in respect of such loan services, the loan service services to be provided by Shandong Finance to the Company under the New Financial Services Agreement are exempt from all the reporting, announcement and independent shareholders’ approval requirements under the Listing Rules according to Rule 14A.90 of the Listing Rules. For completeness, the major terms of the said loan services to be provided by Shandong Finance to the Group are set out below for the shareholdersShareholders’ information: (a) the loan services to be provided by Shandong Finance include the provision of loans, discounted notes and bill acceptance services and the grant of credit facilities within the scope allowed by the laws, regulations and policies of the PRC and in accordance with the requirements of the CBRCCBIRC; (b) the interest rate for the loan services to be provided by Shandong Finance to the Group shall, subject to the compliance of the relevant requirements of the People’s Bank of China in relation to the interest of loans, not exceed the lowest interest rate for the same type and class of loan provided by other major commercial banks in the PRC to the Group for the same period. Accordingly, the interest rate will be determined with reference to the loan prime rate as announced by the People’s Bank of China, which may be adjusted in accordance with changes in the currency policy of the People’s Bank of China and interest rates in the market; (c) the Group shall not be required to provide any security over its assets for the loan services; and (d) Shandong Finance shall provide a credit facility in respect of the loan services of up to RMB17 RMB26 billion, RMB27 billion and RMB28 billion, for each of the 12 months ending 29 June 2023, 29 June 2024 and 29 June 2025, respectively, to the Group and the annual interest that shall accrue thereunder shall not exceed RMB739.5 RMB1,150 million, RMB1,200 million and RMB1,250 million for each of the three years 12 months ending 29 June 20192023, 29 June 2024 and 29 June 2025, respectively.

Loan Services. Shandong Finance shall provide certain loan services to the Group under the New Financial Services Agreement. As the said loan services to be provided by Shandong Finance to the Group are on normal commercial terms similar to or more favourable than those offered by other financial institutions for the provision of comparable services in the PRC and are for the benefit of the Group, and no security over the assets of the Group is granted in respect of such loan services, the loan service services to be provided by Shandong Finance to the Company under the New Financial Services Agreement are exempt from all the reporting, announcement and independent shareholders’ approval requirements under the Listing Rules according to Rule 14A.90 of the Listing Rules. For completeness, the major terms of the said loan services to be provided by Shandong Finance to the Group are set out below for the shareholdersShareholders’ information: (a) the loan services to be provided by Shandong Finance include the provision of loans, discounted notes and bill acceptance services and the grant of credit facilities within the scope allowed by the laws, regulations and policies of the PRC and in accordance with the requirements of the CBRCCBIRC; (b) the interest rate for the loan services to be provided by Shandong Finance to the Group shall, subject to the compliance of the relevant requirements of the People’s Bank of China in relation to the interest of loans, not exceed the lowest interest rate for the same type and class of loan provided by other major commercial banks in the PRC to the Group for the same period. It is estimated that the interest rate will range from 10% below the benchmark lending rate announced by the People’s Bank of China over the same period for the same level to 10% above such rate, which may be adjusted in accordance with changes in the currency policy of the People’s Bank of China and interest rates in the market; (c) the Group shall not be required to provide any security over its assets for the loan services; and (d) Shandong Finance shall provide a credit facility in respect of the loan services of up to RMB17 RMB20 billion to the Group and the annual interest that shall accrue thereunder shall not exceed RMB739.5 RMB870 million for each of the three years ending 29 June 20192022.