LSD-LF Framework Agreement Sample Clauses

LSD-LF Framework Agreement. On the basis of the Yu Shareholders’ latest disclosures of interests in LSD and LF mentioned above, LF is a connected subsidiary of LSD and hence a connected person of LSD under Chapter 14A of the Listing Rules. Accordingly, the LSD-LF Framework Agreement and the LSD-LF Loan Transactions contemplated thereunder constitute continuing connected transactions of LSD under Chapter 14A of the Listing Rules. The two LSD Financial Assistance Framework Agreements and the Intercompany Loan Transactions contemplated thereunder will constitute continuing connected transactions of LSD under Chapter 14A of the Listing Rules. As (i) the highest of the applicable percentage ratios for the LSD-eSun Annual Caps is more than 5% for LSD and the total value of the financial assistance is more than HK$10,000,000, and (ii) the highest of the applicable percentage ratios for the LSD-LF Annual Caps is more than 25% for LSD, the LSD Financial Assistance Framework Agreements, the Intercompany Loan Transactions contemplated thereunder and the LSD Annual Caps are subject to the reporting, annual review, announcement, circular and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.