Qingdao Cares definition
Examples of Qingdao Cares in a sentence
Qingdao Cares is principally engaged in the provision of computer software and hardware development and data network services.
Qingdao Cares is therefore a connected person of the Company under the Listing Rules.
As such, the transactions contemplated under the Qingdao Cares Subcontract Agreements constitute connected transactions of the Company.
The Directors (including the independent non-executive Directors) are of the view that the transactions under the Qingdao Cares Subcontract Agreements will be conducted in the ordinary and usual course of business of the Group and on normal commercial terms, and that the terms of the transactions are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Qingdao Cares is a non-wholly-owned subsidiary of the Company, which is owned as to 51% by the Company, 36% by Qingdao International Airport Company* (青島國際機場集團有限公司) and 13% by Shanghai Civil Aviation East China Cares System Integration Co., Ltd.* (上海民航華東凱亞系統集成有限公司).
As such, the transaction contemplated under the Qingdao Cares Subcontract Agreement constitutes a connected transaction of the Company.
Except for the above, none of the Directors has a material interest in the transactions under the Qingdao Cares Subcontract Agreements and none of them has abstained from voting on the relevant Board resolutions.
Qingdao Cares has the necessary qualifications, capabilities and technological skills required to carry out the relevant works as specified under the Qingdao Cares Subcontract Agreements.
Since the highest applicable percentage ratio calculated with reference to the consideration under the Qingdao Cares Subcontract Agreements is more than 0.1% but less than 5%, the transactions contemplated under the Qingdao Cares Subcontract Agreements are subject to the announcement requirement but exempt from the independent shareholders’ approval requirement of Chapter 14A of the Listing Rules.
Qingdao Cares is a non- wholly-owned subsidiary of the Company, which is owned as to 51% by the Company, 36% by Qingdao International Airport Company* (青島國際機場集團有限公司) and 13% by Shanghai Civil Aviation East China Cares System Integration Co., Ltd.* (上海民航華東凱亞系統集成有限公司).