Major Terms. (1) The Capital Increase According to the terms and conditions of the Capital Increase Agreement, the Company, Xxxxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx agreed to make a capital contribution in the aggregate amount of RMB1,000,000,000 to the Finance Company. Among which, the Company agreed to make a capital contribution of RMB510,000,000 in cash, and Xxxxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx agreed to make capital contributions of RMB400,000,000 and RMB90,000,000 in cash, respectively. The Company, Xxxxxxxx Xxxxxxx and Zhaojin Smelting shall make their respective capital contribution in cash in one lump sum to the Finance Company within 30 days after the approval of Shandong CBRC in respect of the Capital Increase has been obtained. The amount of capital contribution under the Capital Increase Agreement was arrived at after arm’s length negotiation among the Company, Xxxxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx having regard to the operation needs of the Finance Company and their respective shareholding interest in the Finance Company. The Company intends to fund its capital contribution by internal resources. The articles of association of the Finance Company will be amended accordingly upon completion of the Capital Increase.
Major Terms. (1) The first equity acquisition
Major Terms. (1) The increase of the registered capital of Golden Bridge Senmeng CTV Media (Shanghai) and Beijing Senmeng Media shall make capital contribution of RMB5,100,000 (equivalent to approximately HK$5,793,600) and RMB4,600,000 (equivalent to approximately HK$5,225,600), respectively, to Golden Bridge Senmeng within 5 business days after the execution of the First Capital Increase Agreement. The following table sets out the shareholding structure of Golden Bridge Senmeng before and after the increase of registered capital pursuant to the First Capital Increase Agreement: Registered capital before the increase of registered capital Registered capital after the increase of registered capital (RMB) (%) (RMB) (%) CTV Media (Shanghai) 0 0 5,100,000 51% Beijing Senmeng Media 300,000 100% 4,900,000 49% Total 300,000 100% 10,000,000 100% CTV Media (Shanghai)’s capital contribution to Golden Bridge Senmeng will be financed by internal resources.
Major Terms. (A) the Company agreed to lease or procure the leasing of the Premises to NWDS Group and NWDS agreed to lease or procure the leasing of the Premises from NWCL Group in accordance with the following terms:
Major Terms. (i) Business scope and terms of operation The scope of business of the Target Company includes real estate development, sale of residential properties, leasing, property management, ancillary supports and basic facilities construction. The Target Company shall have a term of operation of 20 years commencing from the completion of the First Acquisition.
Major Terms. (i) In order to expedite the process of obtaining approval from the regulatory authorities in the PRC, the parties to the Supplemental Agreement agreed to proceed with the First Acquisition and the First Capital Expansion simultaneously.
Major Terms. (i) The Supplementary Agreement expanded the current annual caps in respect of the deposit services rendered by the Finance Company as contemplated under the New Financial Services Agreement. The current and the revised annual caps are set out below:- The actual Maximum daily outstanding balance during The Current Annual Caps for the years ended 31 December RMB,000 0000 0000 0000 2015 Maximum daily outstanding balance of deposits placed by the Group 199,978 200,000 200,000 200,000 with the Finance Company (including accrued interests) RMB,000 The Revised Annual Caps From the date of the Supplementary Agreement to 31 December 2014 From 1 January 2015 to 31 December 2015 Maximum daily outstanding balance of deposits placed by the Group with the Finance Company (including accrued interests) 500,000 500,000 The revised annual caps for provisions of Deposit Services are primarily determined with reference to the following factors:
Major Terms. 1. CDC and the Company agreed that their subsidiaries shall conduct substitutive power generation transactions among themselves in Beijing, Tianjin, Tangshan, Jiangsu and Shanxi regions of the PRC.
Major Terms. 1. During the term of the Equity Custodian Agreement, the Company shall be entitled to exercise its rights or power over the Target Equity on behalf of SINOMACH. Such rights and powers include but not limit to the following:
Major Terms. 1. In accordance with the business principles of a financial leasing company, Shanghai Datang Financial Lease Company shall provide the Company and its subsidiaries with support on leasing and factoring business with a principal of not exceeding RMB10.0 billion for every 12 months (from the effective date of the agreement) for the investment and construction of key projects of the Company in areas including thermal power, hydropower, wind power and recycling economy.
