Examples of Financial Services Framework Agreement in a sentence
The Finance Company shall make loans or provide credit line services to the Group and the entering into of separate loan agreements, which will set out the terms and conditions of the loans, upon application by the Company during the term of the Financial Services Framework Agreement.
An independent board committee comprising all independent non-executive Directors has been established to advise the Independent Shareholders in respect of terms of the Depositary Services under the Financial Services Framework Agreement.
The EGM will be convened by the Company at which resolutions will be proposed to seek approval from the Independent Shareholders for the Depositary Service under the Financial Services Framework Agreement.
The Independent Financial Adviser has been appointed to advise the Independent Board Committee and the Independent Shareholders on, inter alia, whether Independent Shareholders should vote in favour of the resolution regarding the provision of deposit services under the Financial Services Framework Agreement (including the Proposed Annual Caps).
The Settlement Services and the Other Financial Services to be provided by Yili Finance Company to the Group under the Financial Services Framework Agreement will be carried out on normal commercial terms or better and the aggregate annual fees to be paid by the Group to Yili Finance Company for the period ending December 31, 2021 and each of the two years ending December 31, 2022 and 2023 are expected to fall below the de minimis threshold as stipulated under Rule 14A.76(1) of the Listing Rules.
Therefore, the transactions contemplated under the Financial Services Framework Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
The provision of deposit services by China Railway Finance to CRECG under the Financial Services Framework Agreement will constitute financial assistance to be provided by connected person for the benefit of the Group.
Accordingly, the Deposit Services, the Settlement Services and the Other Financial Services contemplated under the Financial Services Framework Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
The Board (including the independent non-executive Directors) considers that the terms in relation to the Provision of Loan Services and other financial services under the Financial Services Framework Agreement are fair and reasonable and are entered into on normal commercial terms or better and in the ordinary and usual course of business of the Company and in the interests of the Group and its Shareholders as a whole.
Xx. Xxx Xxxxxxx, Director of the Company, abstained from voting on the board resolution in relation to the Financial Services Framework Agreement and the transactions contemplated thereunder.