Examples of Management Services Agreement in a sentence
Accordingly, the Dalian Group is a connected person of SOL pursuant to Rules 14A.11(5) and 14A.11(6) of the Listing Rules and the provision of the Management Services by Shanghai SOD to the Dalian Onshore Group under the Original Agreement as supplemented by the Renewed Management Services Agreement constitutes continuing connected transactions of SOL.
ANNUAL CAPS Pursuant to the Original Agreement as supplemented by the Renewed Management Services Agreement, each of Shanghai SOD, Max Clear and Yida shall provide Management Services to Dalian Onshore Group at an annual management services fee to be calculated at 1%, 1.5% and 1% respectively of the annual total budgeted construction cost for the Dalian Project (which may be revised from time to time).
In addition, as the companies constituting the Dalian Group are the subsidiaries of SOL for the purposes of the Listing Rules, and Max Clear and Yida are connected persons of SOL by virtue of being the substantial shareholders of Richcoast, the engagement by the Dalian Onshore Group of the Management Services from Max Clear and Yida under the Original Agreement as supplemented by the Renewed Management Services Agreement also constitutes continuing connected transactions of SOL.
Xx. Xx, being the controlling shareholder and a director of both SOL and SOCAM, has a material interest in the Renewed Management Services Agreement and the Continuing Connected Transactions contemplated thereby, and has abstained from voting on the relevant resolutions passed by the respective boards of directors of SOL and SOCAM as required under the Listing Rules.
Accordingly, the provision of the Management Services by Xxx Xxxxx to the Dalian Onshore Group under the Original Agreement as supplemented by the Renewed Management Services Agreement constitutes continuing connected transactions of SOCAM.