Underwriting commission and incentive fee. Subject to this Agreement having become unconditional and not having been terminated in accordance with the terms hereof, the Company shall pay or cause to be paid to the Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) an underwriting commission equal to 2.8 per cent of the aggregate Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant to Clause 4.11 and 4.12, respectively)("Fixed Fee"). The respective entitlements of the Hong Kong Underwriters to the Hong Kong underwriting commission will be paid as separately agreed between the Overall Coordinators, the Hong Kong Underwriters and the Capital Market Intermediaries and in any event in accordance with such engagement letters between the Company and the respective Overall Coordinators and the Capital Market Intermediaries. In addition, the Company may, at its absolute discretion, pay to the Hong Kong Underwriters an incentive fee up to but not exceeding 1.2 per cent of the aggregate Offer Price ("Incentive Fee") in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant to Clause 4.11 and 4.12, respectively), the amount of which and the respective entitlement of the Hong Kong Underwriters and the Overall Coordinators are expected to be determined on or before the Price Determination Date. In exercising the discretion in respect of the Incentive Fee, the price performance of the Company's Shares subsequent to the consummation of the Global Offering shall not be taken into account by the Company and the Incentive Fees shall be paid to the Overall Coordinators (for and on behalf of the Hong Kong Underwriters) on the Listing Date.
Underwriting commission and incentive fee. In consideration of the Hong Kong Underwriters assuming their Hong Kong Public Offering Underwriting Commitment under this Agreement, the Company shall pay to the Sole Global Coordinator (acting in such capacity and on behalf of the Hong Kong Underwriters) an underwriting commission equal to 7.0 per cent of the aggregate Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant to Clause 4.11 and 4.12, respectively). The respective entitlements of the Hong Kong Underwriters to the Hong Kong underwriting commission will be paid as set out in the International Underwriting Agreement. In addition, the Company may pay to the Sole Global Coordinator (for itself and on behalf of the Hong Kong Underwriters) a discretionary incentive fee not exceeding HK$10.2 million. The amount and allocation of such incentive fee will be determined on or before the Price Determination Date in the International Underwriting Agreement .
Underwriting commission and incentive fee. In consideration of the services of the Hong Kong Underwriters under this Agreement, subject to this Agreement having become unconditional and not having been terminated in accordance with the terms hereof, the Company shall pay to the Overall Coordinators (for themselves and on behalf of the other Hong Kong Underwriters) an underwriting commission equal to 3.25 per cent. of the aggregate Offer Price in respect of all of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant to Clause 4) (the “Underwriting Commission”), of which up to 11% of such amount may be paid by the Company, at its sole discretion, to the Hong Kong Underwriters as incentive fee (the “Incentive Fee”). The actual absolute amount of the Incentive Fee and the allocation of such Incentive Fee in absolute amount among the Hong Kong Underwriters shall be determined by the Company at its sole discretion and communicated to the Overall Coordinators on or before 4 December 2024. The respective entitlements of the Hong Kong Underwriters to the Underwriting Commission (inclusive of any Incentive Fee) will be agreed and set out in the International Underwriting Agreement, provided that the final allocation of the Underwriting Commission to each Hong Kong Underwriter shall not be less than the amount of fixed fee which each Hong Kong Underwriter is entitled to as set out in their respective engagement letter entered into with the Company (including any supplemental agreements, if any).
