FINANCIAL SERVICES AGREEMENT. The financial services agreement for the Year of 2017 between the Finance Company and Magang Group signed on 29 December 2016 will expire on 31 December 2017. On 27 December 2017, the Finance Company and Magang Group entered into the Financial Services Agreement for the Year of 2018, pursuant to which, the Finance Company agreed to provide Magang Group and its subsidiaries with deposit services, loan services and other financial services subject to the terms and conditions provided therein. The principal terms of the New Agreement are set out below: Date
FINANCIAL SERVICES AGREEMENT. The Board announces that on 17 November 2015, the Company, Bailian Group and Bailian Finance entered into the Financial Services Agreement pursuant to which, Bailian Finance agreed to provide the Group with deposit services, loan services and other financial services subject to the terms and conditions provided therein for a term commencing from the Effective Date to 31 December 2018. LISTING RULES IMPLICATIONS As one of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) in relation to the provision of deposit services under the Financial Services Agreement is more than 25%, the provision of deposit services under the Financial Services Agreement constitutes a major transaction of the Company and is subject to the reporting, announcement and Shareholders’ approval requirements under Chapter 14 of the Listing Rules. As at the date of this announcement, Bailian Group is a substantial shareholder of the Company and Bailian Finance is a subsidiary of Bailian Group. Accordingly, Bailian Finance and Bailian Group are connected persons of the Company. Therefore, the Agreements and the Financial Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As all of the applicable percentage ratios for the transactions under each of the Agreements are more than 0.1% but less than 5%, the transactions contemplated under the Agreements are subject to the reporting, annual review and announcement requirements but are exempt from the independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules. As two of the applicable percentage ratios for the provision of deposit services under the Financial Services Agreement is more than 5%, the provision of deposit services under the Financial Services Agreement are subject to the reporting, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. The loan services to be provided by Bailian Finance to the Group under the Financial Services Agreement will constitute financial assistance to be provided by a connected person for the benefit of the Group. As such services are on normal commercial terms which are similar to or even more favourable than those offered by other commercial banks for comparable services in the PRC, and no security over the assets of the Group will be granted in respect of the loan services, the loan services are exempt under Rule 14A.90 of the Listi...
FINANCIAL SERVICES AGREEMENT. Date 7 April 2024 Parties
FINANCIAL SERVICES AGREEMENT. Date 27 December 2019 Parties
FINANCIAL SERVICES AGREEMENT. Main contents of the Financial Services Agreement are summarized as follows: Date: 25 January 2016 Parties: CRCCG; and Finance Company Term: Three years from 1 January 2016 to 31 December 2018 Principal terms: Finance Company shall provide CRCCG and its subsidiaries with the following financial services pursuant to the Financial Services Agreement:
FINANCIAL SERVICES AGREEMENT. On 27 December 2013, the Finance Company and Magang Group entered into the Financial Services Agreement, pursuant to which, the Finance Company agreed to provide Magang Group and its subsidiaries with deposit services, loan services and other financial services subject to the terms and conditions provided therein. The principal terms of the Financial Services Agreement are set out below: Date : 27 December 2013 Parties : The Finance Company; and Magang Group Term : The Financial Services Agreement shall be for a term commencing from 1 January 2014 to 31 December 2014.
FINANCIAL SERVICES AGREEMENT. Date: 22 January 2020
FINANCIAL SERVICES AGREEMENT. On 3 February 2016, the Board of the Company considered and passed a resolution approving the renewal of the Agreement with the Finance Company. Pursuant to the Agreement, the Finance Company continues to provide the Group with deposit, loan and other financial services as CBRC may approve. Annual caps and basis of determination For the period from the effective date of the Agreement to the date of the 2018 annual general meeting of the Company, the annual caps for the deposits and loans of the Group with the Finance Company are as follows: The year ending on the date of the 2016 annual general meeting The year ending on the date of the 2017 annual general meeting The year ending on the date of the 2018 annual general meeting Maximum daily balance of deposits of the Group with the Finance Company RMB2.0 billion RMB2.0 billion RMB2.0 billion Maximum outstanding balance of comprehensive credit facilities provided by the Finance Company to the Group RMB3.0 billion RMB3.0 billion RMB3.0 billion For each of the two years ended 31 December 2015, the maximum daily balance of deposits of the Group with the Finance Company amounted to approximately RMB220 million and RMB1.0 billion respectively, and the maximum outstanding balance of comprehensive credit facilities provided by the Finance Company amounted to approximately RMB400 million and RMB1.4 billion respectively. The above annual caps are determined based on the above historical figures, while taking into account the Group’s current financing condition and the possible changes in the future use of funds for business development. Pricing principles
FINANCIAL SERVICES AGREEMENT. Date : 11 May 2015 Parties : The Company RGL Xx. Xx, an executive Director, is the controlling shareholder of RGL. Terms : The Financial Services Agreement shall become effective from the date when the Independent Shareholders approve the Financial Services Agreement and the transactions contemplated thereunder and the relevant proposed annual caps and for a term up to 31 December 2017. The parties may renew the Financial Services Agreement subject to the compliance with applicable laws and the Listing Rules.
FINANCIAL SERVICES AGREEMENT. FINANCIAL SERVICES AGREEMENT This Agreement between RBC Royal Bank (Bahamas) Limited (the “ Bank”) and the undersigned customer of the Bank (the “ Customer”) sets out the terms under which the Bank may keep Accounts and process instruments for the Customer and provide other services to the Customer.
