Common use of Nature of the Transaction Clause in Contracts

Nature of the Transaction. Xxxx Xxxx Real Estate has agreed to provide a security over the use of the Land in favour of the Bank to secure the payment obligations of Tianshan Construction of the Revolving Loan Facilities of up to a maximum amount of RMB13.0 million (equivalent to approximately HK$15.6 million), which includes any accrued interest thereon, any penalty interests, any compound interest, any default in payment and compensation and any costs and expenses for enforcing the Land Use Charge. The Land is held by Xxxx Xxxx Real Estate as inventory. As at 31 October 2015, the carrying value of the Land amount to RMB7.4 million (equivalent to approximately HK$8.9 million). For the financial years ended 31 December 2013 and 2014, the net profit (both before and after taxation and extraordinary items) attributable to the Land was RMB58,000 (equivalent to approximately HK$70,000) and RMB63,000 (equivalent to approximately HK$76,000), respectively.

Nature of the Transaction. Xxxx Xxxx Real Estate has agreed to provide a security over the use ownership of the Land Property in favour of the Bank to secure the payment obligations of Tianshan Construction of the Revolving Loan Facilities of up to a maximum amount of RMB13.0 RMB3.3 million (equivalent to approximately HK$15.6 HK$4.1 million), which includes any accrued interest thereon, any penalty interests, any compound interest, any default in payment and compensation and any costs and expenses for enforcing the Land Use Property Ownership Charge. The Land Property is held by Xxxx Xxxx Real Estate as inventory. As at 31 October 20152014, the carrying value of the Land Property amount to RMB7.4 RMB5.2 million (equivalent to approximately HK$8.9 HK$6.5 million). For the financial years ended 31 December 2013 2012 and 20142013, the net profit (both before and after taxation and extraordinary items) attributable to the Land Property was RMB50,000 (equivalent to approximately HK$63,000) and RMB58,000 (equivalent to approximately HK$70,000) and RMB63,000 (equivalent to approximately HK$76,000HK$73,000), respectively.

Nature of the Transaction. Xxxx Xxxx Real Estate has agreed to provide a security over the use of the Land in favour of the Bank to secure the payment obligations of Tianshan Construction of the Revolving Loan Facilities of up to a maximum amount of RMB13.0 million (equivalent to approximately HK$15.6 HK$16.3 million), which includes any accrued interest thereon, any penalty interests, any compound interest, any default in payment and compensation and any costs and expenses for enforcing the Land Use Charge. The Land is held by Xxxx Xxxx Real Estate as inventory. As at 31 October 20152014, the carrying value of the Land amount to RMB7.4 million (equivalent to approximately HK$8.9 HK$9.3 million). For the financial years ended 31 December 2013 2012 and 20142013, the net profit (both before and after taxation and extraordinary items) attributable to the Land was RMB58,000 RMB421,000 (equivalent to approximately HK$70,000HK$526,000) and RMB63,000 RMB531,000 (equivalent to approximately HK$76,000HK$664,000), respectively.

Nature of the Transaction. Xxxx Xxxx Real Estate has agreed to provide a security over the use ownership of the Land Property in favour of the Bank to secure the payment obligations of Tianshan Construction of the Revolving Loan Facilities of up to a maximum amount of RMB13.0 RMB3.3 million (equivalent to approximately HK$15.6 HK$4.0 million), which includes any accrued interest thereon, any penalty interests, any compound interest, any default in payment and compensation and any costs and expenses for enforcing the Land Use Property Ownership Charge. The Land Property is held by Xxxx Xxxx Real Estate as inventory. As at 31 October 2015, the carrying value of the Land Property amount to RMB7.4 RMB5.2 million (equivalent to approximately HK$8.9 HK$6.2 million). For the financial years ended 31 December 2013 and 2014, the net profit (both before and after taxation and extraordinary items) attributable to the Land Property was RMB58,000 RMB531,000 (equivalent to approximately HK$70,000HK$637,000) and RMB63,000 RMB544,000 (equivalent to approximately HK$76,000HK$653,000), respectively.