Examples of Continuing Connected Transactions in a sentence
The Company’s auditor was engaged to report on the Group’s continuing connected transactions in accordance with Hong Kong Standard on Assurance Engagements 3000 “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” and with reference to Practice Note 740 “Auditor’s Letter on Continuing Connected Transactions under the Hong Kong Listing Rules” issued by the Hong Kong Institute of Certified Public Accountants.
None of the Directors have a material interest in the Continuing Connected Transactions nor are they required to abstain from voting in the relevant board resolutions.
The Directors believe that it is appropriate for the Technology License Agreements to have a 25-year renewable term for the same reasons set out in the section headed “Connected Transactions — Continuing Connected Transactions Subject to Reporting and Announcement Requirements — 2.
The Group has entered into and will continue to enter into the Continuing Connected Transactions because they are part of the principal business activities of the Group or are relevant to such principal business activities.
With reference to the 2021 Annual Report and as confirmed by the Management, the independent non-executive Directors provided the INED Confirmation and the auditor of the Company provided the Auditor Confirmation in respect of, among others, the Continuing Connected Transactions.