THE FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement are summarized as follows:
THE FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement are as follows: Lessor: the Company Lessee: a limited liability company incorporated in the PRC, which is principally engaged in computing services and data services. To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, the Lessee and its ultimate beneficial owner are all independent third parties of the Company and its connected persons (as defined in the Listing Rules).
THE FINANCE LEASE AGREEMENT. On 18 September 2019, QXZF and BEWP, as co-lessees, entered into the Finance Lease Agreement with ICBC Leasing, as lessor, pursuant to which ICBC Leasing shall purchase the Leased Assets from the Group for a total consideration of RMB650,000,000, which shall then be leased to the co-lessees for a term of 12 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in ICBC Leasing throughout the lease period. At the end of the lease period and subject to payments by the co-lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB1 for the Leased Assets, the ownership of the Leased Assets will be vested in the co-lessees. 18 September 2019 Lessor: ICBC Leasing Co-lessees: QXZF and BEWP To the best knowledge, information and belief of the Directors having made all reasonable enquiries, ICBC Leasing and its ultimate beneficial owners are Independent Third Parties. The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by ICBC Leasing from the Group; and (ii) the lease arrangements, details of which are discussed below. Pursuant to the Finance Lease Agreement, ICBC Leasing shall purchase the Leased Assets from the Group for a total consideration of RMB650,000,000, which was determined after arm’s length negotiations between the Group and ICBC Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, ICBC Leasing having received the relevant documentary proof for confirming
THE FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement II are as follows: The date of the Finance Lease Agreement II is October 8, 2024 Lessor: the Company Lessee II: a limited liability company incorporated in the PRC, which is principally engaged in data services and computing services To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, the Lessee II and its ultimate beneficial owner are all independent third parties to the Company and its connected persons (as defined in the Listing Rules).
THE FINANCE LEASE AGREEMENT. On 26 August 2020, the Lessee, as lessee, entered into the Finance Lease Agreement with CRCC Leasing, as lessor, pursuant to which CRCC Leasing shall purchase the Leased Assets II from the Lessee for a total consideration of RMB90,000,000. The Leased Assets II will then leased to the Lessee for a term of 8 years. The ownership of the Leased Assets II under the Finance Lease Agreement will be vested in CRCC Leasing throughout the lease period. At the end of the lease period and subject to payments by the Lessee of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets II, the ownership of the Leased Assets II will be vested in the Lessee. 26 August 2020
THE FINANCE LEASE AGREEMENT. On 20 August 2020, LBCY, as lessee, entered into the Finance Lease Agreement with SPDB Leasing, as lessor, pursuant to which SPDB Leasing shall purchase the Leased Assets from LBCY for a total consideration of RMB190,000,000, which shall then be leased to LBCY for a term of 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in SPDB Leasing throughout the lease period. At the end of the lease period and subject to payments by LBCY of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB1 for the Leased Assets, the ownership of the Leased Assets will be vested in LBCY. 20 August 2020 Lessor: SPDB Leasing Lessee: LBCY The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by SPDB Leasing from LBCY; and (ii) the lease arrangements, details of which are discussed below. Pursuant to the Finance Lease Agreement, SPDB Leasing shall purchase the Leased Assets from LBCY for a total consideration of RMB190,000,000, which was determined after arm’s length negotiations between the Group and SPDB Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, SPDB Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph headed “Lease payments” below have been completed for the Finance Lease Agreement.
THE FINANCE LEASE AGREEMENT. II Sale and purchase arrangements and consideration Conditions precedent
THE FINANCE LEASE AGREEMENT. Pursuant to the Finance Lease Agreement, the Lessor will purchase the Equipment from Taipusiqi Union at a consideration of RMB250 million (equivalent to approximately HK$310 million) and the Equipment will be leased back to Taipusiqi Union for a term of three years, for the period from 18 December 2012 to 17 December 2015, at an aggregate lease consideration (including the principal amount of RMB250 million, interest payment of approximately RMB53.3 million, tax payable of approximately RMB9.06 million and handling charge of RMB1.5 million) of approximately RMB313.86 million (equivalent to approximately HK$389.2 million). The interest rate payable under the Finance Lease Agreement is calculated on the basis of 16.75% higher of the benchmark lending rate announced by the People’s Bank of China for loans with a term of 1 to 3 years (and at the time when the Finance Lease Agreement was entered into such rate was 6.15% per annum and the interest rate payable at that time was 7.180125% per annum under the Finance Lease Agreement). The interest payment under the Finance Lease Agreement shall be paid in 13 quarterly installments commencing from 18 December 2012. A handling charge of RMB1,500,000 (equivalent to approximately HK$1.86 million) is payable by Taipusiqi Union to the Lessor upon commencement of the lease period. The principal amount will be repaid as to RMB4 million (equivalent to approximately HK$4.96 million), RMB10 million (equivalent to approximately HK$12.4 million) and RMB236 million (equivalent to approximately HK$292.6 million) in December 2013, 2014 and 2015 respectively. During the lease period, if there is any adjustment on benchmark lending rate announced by the People’s Bank of China for loans with a term of 1 to 3 years, corresponding adjustment will be made to the interest rate under the Finance Lease Agreement on the forthcoming 1 January. The terms and the consideration under the Finance Lease Agreement including the lease payment, the interest rate and the handling charge have been agreed after arm’s length negotiation between the parties with reference to the prevailing market practice. Pursuant to the Security Agreement entered into between Taipusiqi Union and the Lessor on 18 December 2012, Taipusiqi Union has pledged its tariff collection rights in favour of the Lessor as security for its amount payable under the Finance Lease Agreement. Pursuant to the Guarantee Agreements dated 18 December 2012, each of Century Concord and Shangh...
THE FINANCE LEASE AGREEMENT. On 12 December 2022, Xxxxxx Xxxxxxx, as xxxxxx, entered into the Finance Lease Agreement with Hebei Financial Leasing, as lessor, pursuant to which Hebei Financial Leasing shall purchase the Leased Assets from Datong Wantong for a total consideration of RMB80,000,000. The Leased Assets would then be leased to Datong Xxxxxxx for a term of 10 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in Hebei Financial Leasing throughout the lease period. At the end of the lease period and subject to payments by Xxxxxx Xxxxxxx of all amounts due under the Finance Lease Agreement, the ownership of the Leased Assets will be vested in Datong Wantong at nil consideration. 12 December 2022 Lessor: Hebei Financial Leasing Lessee: Xxxxxx Xxxxxxx The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by Hebei Financial Leasing from Xxxxxx Xxxxxxx; and (ii) the lease arrangements. Pursuant to the Finance Lease Agreement, Hebei Financial Leasing shall purchase the Leased Assets from Datong Wantong for a total consideration of RMB80,000,000. The consideration shall be payable in cash by Hebei Financial Leasing to Datong Xxxxxxx, which was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets.
THE FINANCE LEASE AGREEMENT. On 14 August 2020 (after trading hours), the Lessor and the Lessees entered into the Finance Lease Agreement, pursuant to which the Lessor agreed to purchase the Leased Assets 1 from Lessee 1 at a consideration of RMB300,000,000, the Leased Assets 2 from Lessee 2 at a consideration of RMB100,000,000 and the Lease Assets 3 from Lessee 3 at a consideration of RMB100,000,000, following which the Lessor agreed to lease back such Leased Assets 1, Leased Assets 2 and Leased Assets 3 to the Lessees respectively for a term of one year from the date of purchase of such Leased Assets in return for a total lease payment of approximately RMB512,196,429.96. The key terms of the Finance Lease Agreement are as follows: Date: 14 August 2020 (after trading hours) Parties: Lessor: CITIC Financial Leasing Co., Ltd*( 中信金融租賃有限公 Lessees: Datong Panda Photovoltaic Power Co., Ltd.*( 大同熊貓光伏發電有限公司), an indirect wholly-owned subsidiary of the Company Hainan Zhouyahui New Energy Co., Ltd.*( 海南州亞暉新能源電力有限公司), an indirect wholly-owned subsidiary of the Company Zhongli Talesun Gonghe Photovoltaic Power Co., Ltd.*(中利騰暉共和光伏發電有限公司), an indirect wholly-owned subsidiary of the Company Consideration: The consideration payable by the Lessor to Lessee 1 for purchase of the Leased Assets 1 is RMB300,000,000. The consideration payable by the Lessor to Lessee 2 for purchase of the Leased Assets 2 is RMB100,000,000. The consideration payable by the Lessor to Lessee 3 for purchase of the Leased Assets 3 is RMB100,000,000. The Lessor shall pay the consideration by ways of cash and one year bank’s acceptance bill. Lease period: One year commencing on the date when the Lessor has made payment of the consideration for the Leased Assets. Lease payment: Pursuant to the Finance Lease Agreement, during the lease period, the Lessor is entitled to receive a lease payment from the Lessees, to be paid in quarterly instalment throughout the lease period. The lease payment consists of: