Examples of New Services Agreement in a sentence
The transactions contemplated under the New Services Agreement constitute non-exempt continuing connected transactions of the Company, and have been approved by independent shareholders of the Company at the special general meeting held on September 12, 2016.
The New Services Agreement outlines key commercial terms for the provision of platform services, model portfolios, shared services, other accounts, transactions/clearing and execution and other initiatives.
The terms of and consideration payable under the New Services Agreement have been arrived at after arm’s length negotiation.
The proposed annual cap in respect of the service fees payable to the Group during the term of the New Services Agreement is RMB60 million.
For the period from the effective date of September 13, 2016 of the New Services Agreement till March 31, 2017, the aggregate service fees received by the Group under the New Services Agreement was approximately RMB42.3 million.