Common use of ANNUAL CAPS Clause in Contracts

ANNUAL CAPS. An aggregate of the annual caps, which represents the sum of (i) the rental payable by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to Nanyang Enterprises under the Tuen Mun Lease Agreement for the period from 1 January 2024 to 31 December 2024 in the amount of HK$33,000,000, and (ii) the rental payable by the Company to International Hope under the Harcourt Tenancy Agreement for the period from 1 January 2024 to 31 December 2024 in the amount of HK$11,248,800, will be HK$44,248,800. The aggregate amount payable by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to Nanyang Enterprises in respect of the lease of the Tuen Mun Property under the Existing Lease Agreement I for the year ended 31 December 2023 was HK$33,000,000. The aggregate amount payable by the Company to International Hope in respect of the lease of the Harcourt House Office under the Existing Lease Agreement II for the year ended 31 December 2023 was HK$11,248,800. The annual caps were determined with reference to (a) the aggregate amounts payable by Nanyang Tobacco to Nanyang Enterprises and by the Company to International Hope under the Existing Lease Agreements, and (b) the rentals stipulated in the Lease Agreements.

ANNUAL CAPS. An aggregate of the annual caps, which represents the sum of (i) the rental payable by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to Nanyang Enterprises under the Tuen Mun Lease Agreement for the period from 1 January 2024 2023 to 31 December 2024 2023 in the amount of HK$33,000,000, and (ii) the rental payable by the Company to International Hope under the Harcourt Tenancy Agreement for the period from 1 January 2024 2023 to 31 December 2024 2023 in the amount of HK$11,248,800, will be HK$44,248,800. The aggregate amount payable by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to Nanyang Enterprises in respect of the lease of the Tuen Mun Property under the Existing Lease Agreement I for the year ended 31 December 2023 2022 was HK$33,000,000. The aggregate amount payable by the Company to International Hope in respect of the lease of the Harcourt House Office under the Existing Lease Agreement II for the year ended 31 December 2023 2022 was HK$11,248,800. The annual caps were determined with reference to (a) the aggregate amounts payable by Nanyang Tobacco to Nanyang Enterprises and by the Company to International Hope under the Existing Lease Agreements, and (b) the rentals stipulated in the Lease Agreements.

ANNUAL CAPS. An aggregate of the annual caps, which represents the sum of (i) the rental payable by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Nanyang Tobacco to Nanyang Enterprises under the Tuen Mun Lease Agreement for the period from 1 January 2024 2025 to 31 December 2024 2025 in the amount of HK$33,000,000, and (ii) the rental payable by the Company to International Hope under the Harcourt Tenancy Agreement for the period from 1 January 2024 2025 to 31 December 2024 2025 in the amount of HK$11,248,800, will be HK$44,248,800. The aggregate amount payable by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to Nanyang Enterprises in respect of the lease of the Tuen Mun Property under the Existing Lease Agreement I for the year ended 31 December 2023 2024 was HK$33,000,000. The aggregate amount payable by the Company to International Hope in respect of the lease of the Harcourt House Office under the Existing Lease Agreement II for the year ended 31 December 2023 2024 was HK$11,248,800. The annual caps were determined with reference to (a) the aggregate amounts payable by Nanyang Tobacco to Nanyang Enterprises and by the Company to International Hope under the Existing Lease Agreements, and (b) the rentals stipulated in the Lease Agreements.