Examples of New Supply Agreement in a sentence
As the applicable percentage ratios in respect of the Proposed Annual Caps exceed 5% and the consideration exceeds HK$10,000,000 on an annual basis, the New Supply Agreement and the transactions contemplated thereunder are subject to the reporting, announcement, annual review and the Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
An Independent Board Committee comprising all the independent non-executive Directors has been established to advise the Independent Shareholders in relation to, among other things, the New Supply Agreement and the transactions and matters contemplated thereunder and on how to vote.
If the rental charges are not paid within 10 days of their due date, LESSOR may recalculate all charges on a daily rental basis.
As the applicable percentage ratios in respect of the amount of the Continuing Connected Transactions exceed 5% and the consideration exceeds HK$10,000,000 on an annual basis, the New Supply Agreement and the transactions contemplated thereunder are subject to the reporting, announcement, annual review and the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Yanchang Petroleum Group and its associates shall abstain from voting in favour of the New Supply Agreement and the transactions and matters contemplated thereunder at the SGM.
The Company will convene an EGM during which an ordinary resolution will be proposed to the independent Shareholders to approve the New Supply Agreement and the transactions contemplated thereunder (including the annual cap).
Save for Yanchang Petroleum Group, to the best knowledge, information and belief of the Directors, no other Shareholders or any of their respective associates have a material interest in the New Supply Agreement and the transactions and matters contemplated thereunder, and accordingly are required to abstain from voting at the SGM.
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, other than Danone Asia, no other Shareholder will be required to abstain from voting on the resolution approving the New Supply Agreement at the EGM.
The SGM will be convened by the Company to seek the approval from the Independent Shareholders for the New Supply Agreement and the transactions and matters contemplated thereunder by way of poll.
Agreement: New Supply Agreement Date: 8 December 2021 Parties: 1.