THREE GORGES LEASING FINANCE LEASE SERVICE FRAMEWORK AGREEMENT Sample Clauses

THREE GORGES LEASING FINANCE LEASE SERVICE FRAMEWORK AGREEMENT. The Company and Three Gorges Leasing entered into a strategic cooperation memorandum in September 2019, pursuant to which, the two parties reached a further cooperation intention by way of reinforcing collaboration, sharing customer resources and business cooperation. Therefore, the Company will expand its customer coverage in the new energy sector through cooperation with Three Gorges Leasing, with more efforts in cooperation to be put in the next 2 to 3 years. The Company and Three Gorges Leasing entered into the Three Gorges Leasing Finance Lease Service Framework Agreement on 11 May 2020 (after trading hours), and proposed the annual caps for the transactions under the framework agreement for 2020, 2021 and 2022. * CHINA DEVELOPMENT BANK FINANCIAL LEASING CO., LTD. is (a) not an authorized institution within the meaning of the Banking Ordinance; (b) not authorized to carry on banking/deposit-taking business in Hong Kong; and (c) not subject to the supervision of the Hong Kong Monetary Authority. As of the date of this announcement, (i) CDB holds 64.40% equity interest of the Company, and is therefore the Controlling Shareholder of the Company. Meanwhile, as CDB directly and indirectly holds approximately 31.93% equity interest of CDB New Energy through CDB Capital, a wholly-owned subsidiary of CDB, CDB New Energy is therefore a connected person of the Company pursuant to Chapter 14A of the Listing Rules. Accordingly, the transactions contemplated under the CDB New Energy Finance Lease Service Framework Agreement constitute continuing connected transactions of the Company under the Listing Rules; and (ii) given that Three Gorges Corporation is the substantial Shareholder of the Company, and Three Gorges Capital PRC (a subsidiary of Three Gorges Corporation) directly and indirectly holds 100% equity interest in aggregate in Three Gorges Leasing, Three Gorges Leasing is therefore a connected person of the Company pursuant to Chapter 14A of the Listing Rules. Accordingly, the transactions contemplated under the Three Gorges Leasing Finance Lease Service Framework Agreement constitute continuing connected transactions of the Company under the Listing Rules. As the highest applicable percentage ratios for the proposed annual caps of the CDB New Energy Finance Lease Service Framework Agreement and the Three Gorges Leasing Finance Lease Service Framework Agreement are more than 5%, respectively, the transactions contemplated under the CDB New Energy Finance Le...
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THREE GORGES LEASING FINANCE LEASE SERVICE FRAMEWORK AGREEMENT. Date: 11 May 2020 Parties: Three Gorges Leasing, as the lessee The Company, as the lessor
Sample 1

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