ANNUAL CAPS. For the financial year ending 31 December 0000 0000 0000 Master ITOCHU Supply Agreement US$1.1 million (approximately HK$8.6 million) US$1.4 million (approximately HK$10.9 million) US$1.6 million (approximately HK$12.5 million) The above annual caps have been determined by reference to (i) the value of the historical purchases for the financial year ended 31 December 2022 and the seven months ended 31 July 2023; and (ii) the projected increase in the overall purchase volume of the CTEI Purchase Products from the ITOCHU Group for the remaining part of 2023 and for the financial years ending 31 December 2024 and 2025.
ANNUAL CAPS. The Board expects that the aggregate amounts of rentals (basic rent and anticipated maximum turnover rent), management fees, air-conditioning charges, promotion levy and other miscellaneous charges (exclusive of Government rates) receivable under the Tenancy Renewal Agreement and the licence fees receivable under the Licence Agreements will not exceed the following maximum figures (the “Annual Caps”): For the period from 1 July 2014 to 31 December 2014 HK$6,600,000 For the period from 1 January 2015 to 31 December 2015 HK$13,200,000 For the period from 1 January 2016 to 31 December 2016 HK$13,200,000 For the period from 1 January 2017 to 30 June 2017 HK$6,600,000 Based on historical figures under the 2011 Lease Agreement, the maximum turnover rent in respect of the Premises is anticipated not to exceed HK$175,000 per month, which is taken into account in arriving at the Annual Caps.
ANNUAL CAPS. The proposed annual cap for the purchase of the CPP Purchase Products by the CPP Group from CPT and/or its related entities for each of the financial years ending 31 December 2010, 31 December 2011 and 31 December 2012 is RMB2,170.2 million (approximately HK$2,494.5 million), RMB2,569.5 million (approximately HK$2,953.4 million) and RMB2,954.1 million (approximately HK$3,395.5 million), respectively. These caps are substantially larger than the caps for the corresponding years for the transactions under the Existing Master CPP Purchase Agreement, which were approved by the Independent Shareholders at the Previous SGM, as the types of CPP Purchase Products which the CPP Group may purchase under the New Master CPP Purchase Agreement are substantially broader than the products to be purchased by the CPP Group under the Existing Master CPP Purchase Agreement. The New Master CPP Purchase Agreement covers major raw materials for feed such as corn and fishmeal while the Existing Master CPP Purchase Agreement restricts to L-Lysine, and edible oil only. Upon its becoming effective, the New Master CPP Purchase Agreement will replace the Existing Master CPP Purchase Agreement. As the New Master CPP Purchase Agreement is expected to become effective some time in the course of the financial year ending 31 December 2010, the annual cap for the financial year ending 2010 will be the prorated portion of the full amount proposed for that year representing the remaining part of the financial year calculated on a day-to-day basis from the date on which the New Master CPP Purchase Agreement becomes effective until 31 December 2010. The proposed annual caps have been determined by reference to: (i) internal projection of the expected purchase volume of the CPP Purchase Products based on the factors as set out below; (ii) the prevailing market prices of the CPP Purchase Products; (iii) allowances for possible price increases in line with consumer prices in the PRC generally and volume growth in the future; and (iv) the expected demand for the relevant products by the CPP Group over the period due to potential growth of the production capacity of the CPP Group. The proposed annual cap for each of 2011 and 2012 represents an approximately 18.4% and 15.0% increment over that of the previous year.
ANNUAL CAPS. In accordance with the Listing Rules, we have set annual caps for the maximum aggregate engagement fee payable by us to Sum Technic for the financial years ending 31 December 2020 and 2021 at RM0.7 million (i.e. RMB1.2 million) and RM2.0 million (i.e. RMB3.3 million), respectively. The abovementioned annual caps are determined taking into account (i) the expected amount and project progress of variation work for the Relevant Project based on our experience; and (ii) the total engagement fee payable by us to Sum Technic for project/construction management service for the Relevant Project Phase 2 of RM2.0 million. Our Directors consider that the abovementioned annual caps are reasonably determined pursuant to the Listing Rules. Listing Rules implications As each of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) calculated for the purpose of Chapter 14A of the Listing Rules will be more than 0.1% but less than 5%, the transactions contemplated under the Project Management Service Contracts will constitute continuing connected transactions exempt from the circular and independent shareholders’ approval requirements but subject to the announcement requirement under Chapter 14A of the Listing Rules. WAIVER
ANNUAL CAPS. The maximum total amount of fees receivable by Gamma Star Tech from the Managed Hospitals under the Hospital Management and Operation Agreements for each of the three years ending December 31, 2020, 2021 and 2022 should not exceed the caps set out below: Proposed annual caps for the years ending December 31, 2020 2021 (RMB in millions) 2022 Total amount of fees receivable under the Hospital Management Agreement Total amount of fees receivable 8.9 13.0 16.0 under the Cooperation Agreement 23.3 24.6 27.1 Total amount of fees receivable 32.1 37.6 43.1 As the amount receivable under the Hospital Management Agreements are calculated based on the percentage of the revenue of the Managed Hospitals, the proposed annual caps are estimated primarily based on the expected growth of revenue of the Managed Hospitals. When estimating the expected revenue of Managed Hospitals, our Directors have taken into account primarily (i) the historical performance of the Managed Hospitals, (ii) the estimated increase in the service capacity and patient visits as a result of the upgrading and development plan of the Managed Hospitals, further investment in the oncology and hemodialysis departments and establishment of orthopedics department in the Managed Hospitals, and (iii) the expected time when Handan Zhaotian Hospital resumes operation. As the amount receivable under the Cooperation Agreements with Managed Hospitals are calculated based on the revenue generated by the Managed Hospitals directly from use of our proprietary SRT equipment, the proposed annual caps are estimated primarily based on the expected growth of revenue in relation to the radiotherapy treatment services of the Managed Hospitals. When estimating the expected revenue in relation to the radiotherapy treatment services of the Managed Hospitals, our Directors have taken into account primarily (i) the average spending per patient for radiotherapy treatment at the Managed Hospitals, (ii) the historical number of patients received for radiotherapy treatment and the estimated increase in such number of patients, and (iii) the expected time when Handan Zhaotian Hospital resumes operation. At the end of 2022, our Company will re-comply with the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules, where and if applicable, including the requirements for the setting of new monetary annual caps for the maximum amount of fees receivable under the Hospital Mana...
ANNUAL CAPS. The maximum aggregate amount to be paid under the Shipping Framework Agreement for each calendar year during the term of the Shipping Framework Agreement is capped at US$10.0 million. On this basis, the Annual Cap is US$10.0 million for 2023 and US$10.0 million for 2024. The annual cap was determined by reference to the agreed pricing principles set out in the Shipping Framework Agreement, projected production volumes and schedules of the Group, requirements of buyers including loading and discharging points and prevailing and projected international market sea freight rates for similar services from Peru and Australia.
ANNUAL CAPS. Due to the nature of the securities and financial products transactions as described below, the Company considers that it is impracticable to set a maximum aggregate annual value for each category of these transactions:
ANNUAL CAPS. The Directors of the Company propose the annual caps for the continuing connected transactions in respect of the mutual provision of securities and financial services between the Group and the Everbright Group and its associates for each of 2019, 2020 and 2021 as follows: Securities and Financial Services Proposed annual caps for the three years ending December 31, 2019 2020 2021 (RMB million) Revenue to be generated by the Group from provision of securities and financial services to the Everbright Group and its associates 950.0 1,050.0 1,200.0 Fees to be paid by the Group to the Everbright Group and its associates for their provision of securities and financial services 250.0 290.0 330.0
ANNUAL CAPS. In respect of the 2023 Promotion Services Framework Agreement, the transaction amounts to be paid by the Group for the three years ending December 31, 2025 shall not exceed the annual caps as set out in the table below: For the year ending December 31, 0000 0000 0000 (RMB in million) Transaction amount to be paid by the Group to JD Group 700 1,000 1,400 Basis for the annual caps The above annual caps are determined with reference to the following factors:
ANNUAL CAPS. The annual caps under the New CCT Agreement for the two years ending 31 December 2022 and 2023 are set out below: Type of transaction Annual cap for the year ending 31 December 2022 Annual cap for the year ending 31 December 2023 (RMB0’000) (RMB0’000) Purchase Transactions 8,700.00 15,000.00 Sales Transactions 25,000.00 30,000.00 Type of transaction Annual cap for the year ending 31 December 2022 Annual cap for the year ending 31 December 2023 (RMB0’000) (RMB0’000) Provision of Labour Services 4,300.00 6,400.00 Entrusted Processing 5,000.00 6,000.0 Use of Trademarks Under Licence 500.00 600.00 Asset Leasing from GPHL 1,900.00 1,900.00 Asset Leasing to GPHL 100.00 100.00 Total 45,500.00 60,000.00 The annual caps are determined with reference to the following factors:
