REASONS FOR THE PROPOSED ANNUAL CAPS Sample Clauses

REASONS FOR THE PROPOSED ANNUAL CAPS. The proposed annual caps in relation to the Master Financial Services (2017 Renewal) Agreement are determined by reference to the historical amounts of the relevant transactions and taking into account the following factors:
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REASONS FOR THE PROPOSED ANNUAL CAPS. The major bases and assumptions for determining the proposed annual caps for the various continuing connected transactions are set out below.
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REASONS FOR THE PROPOSED ANNUAL CAPS. In arriving at the Proposed Annual Cap for 2013, the Company has taken into account the following:
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REASONS FOR THE PROPOSED ANNUAL CAPS. The major basis and assumptions for determining the proposed annual caps for the continuing connected transactions under the Master Purchase Agreement are set out below. The Group has been selling domestic animal feeds in Vietnam for many years and established sales channels and sales teams. Due to the restructuring of GWE Group, GWE Group will focus on the management of manufacture process of aquatic animal feeds and quality enhancement in Vietnam. The Group intends to commence aquatic animal feed sales business by reselling the aquatic animal feeds purchased from GWE Group to the existing customers of GWE Group so as to expand the Group’s customer base. Based on the current sales volume of aquatic animal feeds of GWE Group in Vietnam, it is estimated that the abovementioned business expansion will contribute to the Group monthly sales volumes of fish feeds and shrimp feeds of 5,500 tons and 1,000 tons, respectively. According to the information collected by the Group regarding aquatic animal feeds in Vietnam, it is expected to have an approximately 5% of compound annual growth rate in aquatic animal keeping industry in Vietnam for 2020 to 2024, therefore animal feeds for 2020 to 2022 as follows: the Company estimates the sales volume of aquatic Sales volume (tons) 2020 (from July to December) 2021 2022 Fish feeds 33,000 69,300 72,765 Shrimp feeds 6,000 12,600 13,230 Total 39,000 81,900 85,995 According to the quoted prices obtained by the Group from other potential suppliers (i.e. USD550 per ton of fish feeds and USD1,030 per ton of shrimp feeds) and the estimation on the sales volume of aquatic animal feeds for the future three years as set out above, the Group expects the transaction amount of the continuing connected transactions with GWE for the future three years as follows: 2020(from July to Transaction amount (USD’000) December) 2021 2022 Fish feeds 18,150 38,115 40,021 Shrimp feeds 6,180 12,978 13,627 Total 24,330 51,093 53,648 On top of the estimated total amount of aquatic animal feeds to be purchased from GWE Group for the three periods ended 31 December 2022 as set out above, approximately 10% of flexibility buffer is added to cope with the movement of price of aquatic animal feeds and the potential further increase in the demand for aquatic animal feeds arising from the sales of aquatic animal feeds of the Group based on the following factors:
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REASONS FOR THE PROPOSED ANNUAL CAPS. The major basis and assumptions for determining the proposed annual caps for the continuing connected transactions under the Master Purchase Agreement are set out below. The proposed annual caps for the transactions contemplated under the Master Purchase Agreement are determined after taking into account the following factors:
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REASONS FOR THE PROPOSED ANNUAL CAPS. The proposed annual caps in relation to the Master Internet TV Cooperation Agreement are determined taking into account the following factors:
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