Original Operation definition
Examples of Original Operation in a sentence
As stated in the Letter from the Board, as the growth of the Company’s engineering services and network maintenance business has led to an increase in demand for operation support services, the aggregate service charges payable by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the year ending 31 December 2015 is projected to be higher than the Existing Annual Cap.
As the rapid growth of the Company’s engineering services and network maintenance business has led to an increase in demand for operation support services, the aggregate service charges payable by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the year ending 31 December 2015 are anticipated to be higher than the Existing Annual Cap.
Based on the Company’s unaudited 2015 interim financial report, the actual amount for the service charges received by the Company from China Telecom Group under the Original Operation Support Services Framework Agreement for the six months ended 30 June 2015 was RMB895 million.
The actual amount for the service charges paid by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the year ended 31 December 2014 was RMB644 million.
The Directors proposed to increase the annual cap for the service charges payable by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the year ending 31 December 2015.
Based on the Company’s unaudited 2015 interim financial report, the actual amount for the service charges paid by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the six months ended 30 June 2015 was RMB254 million.
The Directors proposed to increase the annual cap for the service charges payable by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the year ending 31 December 2015 from RMB650 million to RMB800 million.
The Existing Annual Caps for the service charges receivable by the Company from China Telecom Group under the Original Operation Support Services Framework Agreement for the two years of 2014 and 2015 are RMB2,900 million and RMB3,000 million, respectively.
The Directors proposed to increase the relevant annual caps for the service charges receivable by the Company from China Telecom Group under the Original Engineering Framework Agreement and the service charges payable by the Company to China Telecom Group under the Original Operation Support Services Framework Agreement for the year ending 31 December 2015.
The Group is the leading specialized telecommunications support services provider in the PRC and has been providing such services to China Telecom Group on a long-term basis which are currently governed by the Original Engineering Framework Agreement, the Original Ancillary Telecommunications Services Framework Agreement, the Original Operation Support Services Framework Agreement, the Original IT Application Services Framework Agreement and the Original Supplies Procurement Services Framework Agreement.