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 23 December 2020, XYZH, as xxxxxx, entered into the Finance Lease Agreement with CNNC Leasing, as lessor, pursuant to which CNNC Leasing shall purchase the Leased Assets from XYZH for a total consideration of RMB338,000,000. The Leased Assets would then be leased to XYZH for a term of 10 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZH. 23 December 2020 Lessor: CNNC Leasing Lessee: XYZH The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC Leasing from XYZH; and (ii) the lease arrangements, details of which are set out below. Pursuant to the Finance Lease Agreement, CNNC Leasing shall purchase the Leased Assets from XYZH for a total consideration of RMB338,000,000. The consideration to be paid by CNNC Leasing 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 payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC Leasing having received a handling fee in the amount of RMB6,760,000 from XYZH. Pursuant to the Finance Lease Agreement, CNNC Leasing agreed to lease the Leased Assets to XYZH for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by CNNC Leasing in writing.
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 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. On 13 June 2019, the Lessees entered into the Finance Lease Agreement with CRCC Leasing, as lessor, pursuant to which CRCC Leasing shall purchase the Leased Assets from the Group for a total consideration of RMB70,538,798. The Leased Assets were then leased to the Lessees for a term of 8 years. The ownership of the Leased Assets 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 Lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB5,000 for the Leased Assets, the ownership of the Leased Assets will be vested in the Lessees.
THE FINANCE LEASE AGREEMENT. II LISTING RULES IMPLICATIONS THE FINANCE LEASE AGREEMENT I Sale and purchase arrangements and consideration Conditions precedent
THE FINANCE LEASE AGREEMENT. II Sale and purchase arrangements and consideration Conditions precedent
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:
