STRATEGIC COOPERATION FRAMEWORK AGREEMENT. The principal terms of the Strategic Cooperation Framework Agreement are summarized as below: November 8, 2017
STRATEGIC COOPERATION FRAMEWORK AGREEMENT. The Company and Jiangxi Government are in discussion of the proposed formation of a strategic cooperation framework agreement to establish long-term strategic cooperation relationship. The Company and Jiangxi Government contemplate to leverage on the strength of each side, consolidate resources and build stable strategic relationship and cooperation mechanism aiming to promote the development of pharmaceutical industry in Jiangxi. As part of the strategic cooperation, the Company and Jiangxi Government contemplate to restructure the Jiangzhong Group whereby the Company will acquire the controlling stake in Jiangzhong Group. The detail restructuring plan of Jiangzhong Group remains to be further discussed and agreed between the Company and Jiangxi Government and appropriate corporation actions will be taken by the Company when the restructuring plan is finalized and binding agreements are executed.
STRATEGIC COOPERATION FRAMEWORK AGREEMENT. Reference is made to the Announcement, the Group has entered into various research and development agreements with TCL Corporation Group, including the Joint Design Centre and Expertise Agreement and Know-how Development Agreement. For better management of the continuing connected transactions in relation to the research and development of smart televisions, and with the objective of further enhancing the cooperation and management efficiency between the Company and TCL Corporation in future, the Company intends to establish a long term strategic cooperation relationship with TCL Corporation for carrying out research and development for the products of the Company. Therefore, on 27 November 2012, the Company entered into the Strategic Cooperation Framework Agreement with TCL Corporation, pursuant to which the parties agree to (i) consolidate the transactions previously contemplated under the Existing Agreements; and (ii) establish an uniform system setting out the principal provisions for future implementation of the Projects. TCL Corporation, the ultimate controlling shareholder of the Company, currently holds approximately 61.78% of the issued share capital of the Company and is a connected person of the Company under the Listing Rules. Therefore, the transactions contemplated under the Master Service Agreement and the entering into of the Strategic Cooperation Framework Agreement constitute continuing connected transactions of the Company. Pursuant to the Listing Rules, if the Company proposes to revise the annual caps under the continuing connected transactions, the Company is required to re-comply with the relevant provisions under Chapter 14A of the Listing Rules. As all of the applicable percentage ratios with reference to (A) the respective revised annual caps contemplated under the Master Service Agreement and (B) the respective annual caps contemplated under the Strategic Cooperation Framework Agreement exceed 0.1% but are less than 5%, the continuing connected transactions contemplated under the said agreements are exempted from independent shareholders’ approval requirement under Rule 14A.34(1) but are subject to the reporting and announcement requirements under Chapter 14A of the Listing Rules.
STRATEGIC COOPERATION FRAMEWORK AGREEMENT. The principal terms of the Framework Agreement are set out below:
STRATEGIC COOPERATION FRAMEWORK AGREEMENT. The principal terms of the Framework Agreement are set out below: Date: 18 October 2023 Parties: (i) AstraZeneca (China); and (ii) the Company To the best of the Directors’ knowledge and information, having made all reasonable enquiries, AstraZeneca (China) and its ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the “GEM Listing Rules”)).
STRATEGIC COOPERATION FRAMEWORK AGREEMENT. The scope of the Proposed Cooperation includes, among other things, the following: Accelerator-based boron neutron capture therapy (“BNCT”) pilot setup (the “BNCT Segment”) Leveraging on its advantage in terms of medical resources, the Group can provide services related to the BNCT Segment to users of PAHC. Leveraging on the advantages of the Parties in their respective fields, the Proposed Cooperation would allow innovative drugs to reach more users.
STRATEGIC COOPERATION FRAMEWORK AGREEMENT. This announcement is issued by Sino Oil and Gas Holdings Limited (the “Company”) as a voluntary announcement to allow the public to understand the latest information of the Company. On 19 January 2016, the Company entered into a non-legally binding Strategic Cooperation Framework Agreement (“Framework Agreement”) with Shanxi Guxian Lanhua Baoxin Coal Company Limited (山西古縣蘭花寶欣煤業有限公司) (“Lanhua Baoxin”), pursuant to which the Company and Lanhua Baoxin, intend to establish a project management team for the development of coalbed methane (“CBM”) project located in the coal mine block of Lanhua Baoxin (the “Project”). Based on preliminary analysis, the Company will conduct technical plan design and assessment of the economic benefits in respect of the CBM development project in order to secure the CBM production sharing contract of the block. Xxxxxx Xxxxxx as a member of the Group of Shanxi Lanhua Technology Venture Co., Ltd (山西蘭花科技創業股份有限公司) is located in Beiping Town, Gu County of Linfen City, Shanxi Province, PRC and owns the coal mine located at the heart of Qinshui coalfield, with a designed production capacity of 900,000 tons per year. The coalfield covers an area of approximately 6 square kilometers with approximately 30.61 million tons of recoverable reserves. As the mine has high gas content, in order to ensure the safety of the mine and proper extract of the CBM, Lanhua Baoxin entered into the Framework Agreement and will fully leverage, among others, its geographical advantages and the long-established amicable cooperation relationship with government bodies to proactively promote the Project. Xxxxxx Xxxxxx will work with the Company’s project management team to organize and implement project development plans, and works on land expropriation, obtaining construction approval and license registration. With effect from the date of Framework Agreement, the Company and Xxxxxx Xxxxxx will work in collaboration to promote the cooperation of the Project and will conduct further negotiation on aspects not covered by the Framework Agreement so as to conclude a concrete contract. The Company believes that the investment in the Project is in line with the Company’s positioning and development strategy in unconventional natural gas and the Project holds the potential to obtain attractive return on investment with controllable risks, which is in the interest of the Company and its shareholders as a whole. Shareholders and investors should note that this announcemen...
