Common use of OF THE LISTING RULES Clause in Contracts

OF THE LISTING RULES. Both Yue Da HK and Yue Da Enterprise are wholly owned by Xxxxxxx Xxx Xx. Accordingly, Yue Da Enterprise is an associate of the Company, hence a connected person of the Company under Rule 14A.07(4) of the Listing Rules. For such reasons, the respective transactions contemplated under each of the 2016 Tenancy Agreements constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.82(1) of the Listing Rules, the transactions contemplated under the 2016 Tenancy Agreements have to be aggregated and treated as if they were one transaction. Upon such aggregation, the relevant applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) for each of the three financial years ending 31 December 2018, on an annual basis, do not exceed 5%. Accordingly, the transactions contemplated under the 2016 Tenancy Agreements (after such aggregation) is only subject to announcement and reporting requirements and is exempt from the independent shareholders’ approval under Chapter 14A of the Listing Rules.

OF THE LISTING RULES. Both Yue Da HK and Yue Da Enterprise are wholly owned by Xxxxxxx Xxx Xx. Accordingly, Yue Da Enterprise is an associate of the Company, hence a connected person of the Company under Rule 14A.07(4) of the Listing Rules. For such reasons, the respective transactions contemplated under each of the 2016 2019 Tenancy Agreements constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.82(1) of the Listing Rules, the transactions contemplated under the 2016 2019 Tenancy Agreements have to be aggregated and treated as if they were one transaction. Upon such aggregation, the relevant applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) for each of the three financial years year ending 31 December 20182019, on an annual basis, do not exceed 5%. Accordingly, the transactions contemplated under the 2016 2019 Tenancy Agreements (after such aggregation) is only subject to announcement and reporting requirements and is exempt from the independent shareholders’ approval under Chapter 14A of the Listing Rules.

OF THE LISTING RULES. Both Yue Da HK and Yue Da Enterprise are wholly owned by Xxxxxxx Xxx Xx. Accordingly, Yue Da Enterprise is an associate of the Company, hence a connected person of the Company under Rule 14A.07(414A.11(4) of the Listing Rules. For such reasons, the respective transactions contemplated under each of the 2016 2013 Tenancy Agreements constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.82(114A.26(1) of the Listing Rules, the transactions contemplated under the 2016 2013 Tenancy Agreements have to be aggregated and treated as if they were one transaction. Upon such aggregation, the relevant applicable percentage ratios (as defined prescribed under Rule 14.07 Chapter 14 of the Listing Rules) for each of the three financial years ending 31 December 20182015, on an annual basis, do not exceed 5%. Accordingly, the transactions contemplated under the 2016 2013 Tenancy Agreements (after such aggregation) is only subject to announcement and reporting requirements and is exempt from the independent shareholders’ approval under Chapter 14A of the Listing Rules.