Examples of Lease Agreements in a sentence
The terms of the New Lease Agreements are arrived at after arm’s length negotiations between the Group and Shanghai SEEC with reference to the market rents of similar properties in the Chaoyang District, Beijing, the PRC.
By virtue of the interest of Xx. Xxxx Xxxxxx in Shanghai SEEC, the entering into of the New Lease Agreements constitutes continuing connected transactions for the Company under Rule 14A.14 of the Listing Rules.
The Directors (except Xx. Xxxx Xxxxxx who abstained from participating in the approval of the New Lease Agreements due to his material interests therein), including the independent non-executive Directors, consider that the Continuing Connected Transaction is in the ordinary and usual course of business of the Company; and the terms of the New Lease Agreements are based on normal commercial terms and are fair and reasonable and in the interest of the Company and its shareholders as a whole.