SUPPLEMENTAL AGREEMENT TO HUANENG FINANCE FRAMEWORK AGREEMENT Sample Clauses

SUPPLEMENTAL AGREEMENT TO HUANENG FINANCE FRAMEWORK AGREEMENT. The Company entered into the 2022-2024 Huaneng Finance Framework Agreement with Huaneng Finance on 26 October 2021 for the purpose of governing the conduct of the continuing connected transactions between the Company and Huaneng Finance from 2022 to 2024. On 25 October 2022, the Company entered into the Supplemental Agreement to Huaneng Finance Framework Agreement with Huaneng Finance. During the period from 1 January 2023 to 31 December 2024, the maximum loan outstanding balance (on daily basis) of the Company and its subsidiaries from Huaneng Finance shall be increased from not exceeding RMB23 billion (or its equivalent in foreign currency) to not exceeding RMB33 billion (or its equivalent in foreign currency). Except for the newly agreed matters in the Supplemental Agreement to Huaneng Finance Framework Agreement, other terms under the Huaneng Finance Framework Agreement shall remain unchanged. With respect to loan advancement, given that the loan advancement services provided by Huaneng Finance are for the benefit of the Company and on normal commercial terms that are comparable to or more favourable than those offered by independent third parties for similar services in the PRC and that no security is granted over the assets of the Company in respect of such services, the transactions for loan advancement services contemplated under the Supplemental Agreement to Huaneng Finance Framework Agreement are exempt from all the reporting, announcement and Independent Shareholders’ approval requirements pursuant to Rule 14A.90 of the Hong Kong Listing Rules. TIANCHENG LEASING FRAMEWORK AGREEMENT On 25 October 2022, the Company entered into the Tiancheng Leasing Framework Agreement with Tiancheng Finance for the purpose of governing the conduct of continuing connected transactions between the Company and Tiancheng Leasing from 2023 to 2025. Tiancheng Leasing Framework Agreement shall be effective from 1 January 2023 to 31 December 2025. The finance lease services provided by Tiancheng Leasing include the Direct Lease(s) and the Sales and Leaseback. As the applicable percentage ratios relating to the transaction scale of the Direct Leases(s) with Xxxxxxxxx Xxxxxxx contemplated under the Tiancheng Leasing Framework Agreement calculated in accordance with Rule 14.07 of the Hong Kong Listing Rules exceed 5%, such transaction constitutes a discloseable transaction to the Company under Chapter 14 of the Hong Kong Listing Rules and also a continuing connected transac...
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Related to SUPPLEMENTAL AGREEMENT TO HUANENG FINANCE FRAMEWORK AGREEMENT

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