Deposit Cap(s) definition

Deposit Cap(s) means the proposed maximum daily balances of deposits (including accrued interests) placed by the Group with Sinopharm Financial Group Company during the term of the 2017 Financial Services Framework Agreement or the 2020 Financial Services Framework Agreement, as the case may be
View Source

Examples of Deposit Cap(s) in a sentence

  • The Independent Board Committee has been established to advise the Independent Shareholders in respect of the Proposed Deposit Transactions and the Proposed Deposit Caps.

  • Great Wall Group and its associates will abstain from voting on the resolutions to approve the Proposed Deposit Transactions and the Proposed Deposit Caps at the EGM.

  • A circular containing, among others, further details of the 2018 Financial Services Framework Agreement and the 2019 Financial Services Supplemental Agreement (including the Revised Deposit Caps), the respective advice of the Independent Financial Adviser and the Independent Board Committee and the notice of EGM is expected to be dispatched to the Shareholders on or before 7 November 2019.

  • Pursuant to Rule 14.22 of the Listing Rules, the transactions contemplated under the First Financial Assistance and the Second Financial Assistance would be aggregated with the Deposit Services (including the Revised Deposit Caps) and be treated as if they were one transaction.

  • Based on our discussions and the analysis of the Joint Venture Agreement, we consider that the Company’s rationale for determining the Revised Deposit Caps is fair and reasonable in the interests of the independent Shareholders as a whole.

  • Save for the above revisions of the existing deposit caps for the Deposit Services and the basis for determining the Revised Deposit Caps, the other principal terms of the 2024-2026 First Supplemental Financial Services Framework Agreement in respect of the Deposit Services as well as the relevant internal control procedures and the corporate governance measures in respect of the Deposit services, remain unchanged.

  • Therefore, the difference between the Revised Deposit Caps and the existing deposit caps of RMB3,000 million is largely accounted for by the anticipated capital contribution from the Joint Venture.

  • An Independent Board Committee (comprising all the independent non-executive Directors) has been formed to advise the Independent Shareholders whether or not to vote in favour of the 2019 Financial Services Supplemental Agreement (including the Revised Deposit Caps).

  • As one of the relevant percentage ratios calculated in accordance with Chapter 14A of the Listing Rules in respect of each of the GWT Deposit Cap, the Kaifa Deposit Cap and the CGC Deposit Cap exceeds 5% and all of the foregoing caps are more than HK$10,000,000, the Proposed Deposit Transactions and the Proposed Deposit Caps are subject to the reporting, annual review, announcement and Independent Shareholders’ approval requirements under the Listing Rules.

  • At the EGM, the Company will seek Independent Shareholders’ approval for the 2019 Financial Services Supplemental Agreement (including the Revised Deposit Caps).