Consideration and basis of determination of Consideration. After the Original Agreement has been amended by the Supplemental Agreement, the total consideration (“Consideration”) payable to the Contractor for the Works for the Northern Land shall be RMB170,915,017.56 (equivalent to approximately HK$193,891,000) in aggregate. If the price volatility of steel bar and commodity concrete exceeds the percentage as stipulated under the Original Agreement or the value-added tax rate is subject to adjustments due to national policy, the Consideration may be subject to adjustments (if any) based on the relevant mechanism under the Original Agreement and the Supplemental Agreement. The Consideration comprises (i) sub-project fees (分部分項工程費) (“Sub-project Fees”), including the fees for sub-projects of the Works for the Northern Land (inclusive of the disposal fees for the remaining volume (餘方棄置費)) as set out in the paragraph headed “Subject matter” above; (ii) measure fees (措施項目費) (“Measure Fees”), including safety and civilisation measures fees (安全文明施工措施費) (“Safety Measure Fees”), concrete moulding and framework fees (“Concrete Moulding and Framework Fees”) and other measure fees (“Other Measure Fees”); (iii) levies and taxes (“Levies and Taxes”) in relation to the works under the applicable rules and regulations in the PRC; and (iv) fees accepted by earth disposal site (棄土場受納處置費) (“Fees Accepted by Earth Disposal Site”). After the Original Agreement has been amended by the Supplemental Agreement, the Consideration shall be settled by Guangdong Land Shenzhen in cash in the manner set out below:
Consideration and basis of determination of Consideration. The total consideration payable to China Construction Shenzhen for the Office Tower Fitting-out Work shall be RMB160,508,216.80 (equivalent to approximately HK$194,603,000) (the “Office Tower Fitting-out Work Consideration”). If the fluctuation of Labour Fees exceeds the prescribed percentage as stated in the Office Tower Fitting-out Work Agreement, or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate (if any), etc., the Office Tower Fitting-out Work Consideration may be subject to adjustments pursuant to the relevant mechanism under the Office Tower Fitting-out Work Agreement. The Office Tower Fitting-out Work Consideration comprises:
Consideration and basis of determination of Consideration. The total consideration payable to the Contractor for the Fire Engineering Work shall be RMB81,578,033.81 (equivalent to approximately HK$90,441,000) (the “Consideration”). If the volatility of wages and/or the prices of galvanised steel pipes, galvanised seamless steel pipes and galvanised air ducts (collectively “Major Materials”) exceeds the percentage as stated in the Agreement or there is a change of works and permit after on- site inspections or there is a state policy adjustment to value-added tax rate (if any), etc., the Consideration may be subject to adjustments pursuant to the corresponding mechanism under the Agreement. The Consideration comprises:
Consideration and basis of determination of Consideration. The total consideration payable to the Contractor for the Curtain Wall Work shall be RMB116,151,539.07 (equivalent to approximately HK$128,957,000) (the “Consideration”), of which the consideration of the basement and commercial shopping buildings (Contractual Section I) shall be RMB33,761,672.63 (equivalent to approximately HK$37,484,000) and the consideration of the office tower (Contractual Section II) shall be RMB82,389,866.44 (equivalent to approximately HK$91,473,000). If the volatility of wages and/or the prices of aluminium profiles, aluminium veneer, steel and glass (collectively “Major Materials”) exceeds the percentage as stated in the Agreements or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate (if any), etc., the Consideration may be subject to adjustments pursuant to the corresponding mechanism under the Agreements. The consideration of the Curtain Wall Work of each of the basement and commercial shopping buildings (Contractual Section I) and the office tower (Contractual Section II) comprises:
Consideration and basis of determination of Consideration. The total consideration payable to the Contractor for the Mechanical and Electrical Installation Work shall be RMB181,973,142.78 (equivalent to approximately HK$201,744,000) (the “Consideration”). If the volatility of wages and/or the prices of fibre optic cables, cables, galvanised steel pipes, seamless steel pipes, helical steel pipes and galvanised air ducts (collectively “Major Materials”) exceeds the percentage as stated in the Agreement or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate (if any), etc., the Consideration may be subject to adjustments pursuant to the corresponding mechanism under the Agreement. The Consideration comprises:
Consideration and basis of determination of Consideration. The total consideration payable to the Contractor for the Fire Engineering Work shall be RMB71,951,119.31 (equivalent to approximately HK$78,946,000) (the “Consideration”), of which the consideration in respect of the Fire Engineering Work of the basement and commercial shopping buildings (Contractual Section I) shall be RMB49,478,939.10 (equivalent to approximately HK$54,289,000) and the consideration in respect of the Fire Engineering Work of the office tower (Contractual Section II) shall be RMB22,472,180.21 (equivalent to approximately HK$24,657,000). If the volatility of wages and/or the prices of galvanised steel pipes, galvanised seamless steel pipes and galvanised air ducts (collectively “Major Materials”) exceeds the percentage as stated in the Agreements or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate (if any), the Consideration may be subject to adjustments pursuant to the corresponding mechanism under the Agreements. The consideration of the Fire Engineering Work of each of the basement and commercial shopping buildings (Contractual Section I) and the office tower (Contractual Section II) comprises:
Consideration and basis of determination of Consideration. The total consideration payable to the Contractor for the Construction shall be RMB503,017,553.96 (equivalent to approximately HK$556,743,000) (the “Consideration”), of which the consideration of the basement and commercial shopping buildings works (Contractual Section I) shall be RMB329,952,110.08 (equivalent to approximately HK$365,193,000) and the consideration of the office tower works (Contractual Section II) shall be RMB173,065,443.88 (equivalent to approximately HK$191,550,000). If the volatility of wages and/or the prices of steel bars (excluding pre-stressed steel strands, rough decorative works and steel bars for electromechanical parts), shaped steel (excluding embedded parts, embedded bolts, laminated steel plates, rough decorative works and shaped steel for electromechanical parts), commodity concrete (excluding fine stone concrete, underwater concrete, rough decorative works and commodity concrete for electromechanical parts), commodity plastering mortar and ground mortar, aerated concrete blocks (including commodity masonry mortar when calculation of works’ quantity), stainless steel pipe, galvanized steel pipe and centrifugal cast iron pipe (collectively “Major Materials”) exceeds such percentage as stated in the Agreements or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate, the Consideration may subject to adjustments pursuant to the corresponding mechanism under the Agreements. The consideration of basement and commercial shopping buildings works (Contractual Section I) comprises (i) sub-project fees (分部分項工程費), including sub-project fees, management fees and other relevant fees for sub-projects of the works under the Construction as set out in the paragraph headed “Subject matter” above; (ii) measure fees (措施項目費), including safety and civilisation measure fees (安全文明施工措施費), concrete moulding and framework fees (混凝土模板及支架費) and other measure fees (inclusive of fees for miscellaneous construction and measure); (iii) levies and taxes (徵費及稅金) payable in relation to the Construction works under the applicable rules and regulations in the PRC; and (iv) tentative fees of professional civil air defence works (人防專業工程暫估價) (“Professional Civil Air Defence Construction Tentative Fees”). The consideration of the office tower works (Contractual Section II) comprises (i) sub-project fees (分部分項工程費) (together with sub-project fees under Contractual Section I, collectively “Sub-pro...
Consideration and basis of determination of Consideration. The total consideration payable to the Contractor for the Construction shall be RMB626,083,681.73 (equivalent to approximately HK$699,848,000) (the “Consideration”). If the volatility of wages, the prices of steel bars (excluding pre- stressed steel strands, rough decorative works and steel bars for electromechanical parts), shaped steel (excluding embedded parts, embedded bolts, laminated steel plates, rough decorative works and shaped steel for electromechanical parts), commodity concrete (excluding fine stone concrete, underwater concrete, rough decorative works and commodity concrete for electromechanical parts), commodity plastering mortar and ground mortar, aerated concrete blocks (including commodity masonry mortar when calculation of works’ quantity) (collectively “Major Materials”) exceeds such percentage as stated in the Agreement or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate, the Consideration may subject to adjustments pursuant to the corresponding mechanism under the Agreement. The Consideration comprises (i) sub-project fees (分部分項工程費) (“Sub-project Fees”), including sub-project fees, management fees and other relevant fees for sub- projects of the works under the Construction as set out in the paragraph headed “Subject matter” above; (ii) measure fees (措施項目費) (“Measure Fees”), including safety and civilisation measure fees ( 安全文明施工措施費) (“Safety Measure Fees”), concrete moulding and framework fees (混凝土模板及支架費) (“Concrete Moulding and Framework Fees”) and other measure fees (“Other Measure Fees”);
Consideration and basis of determination of Consideration. The total consideration payable to CCEED Decoration for the Commercial Shopping Buildings Fitting-out Work shall be RMB44,174,127.79 (equivalent to approximately HK$53,557,000) (the “Commercial Shopping Buildings Fitting-out Work Consideration”). If the fluctuation of Labour Fees exceeds the prescribed percentage as stated in the Commercial Shopping Buildings Fitting-out Work Agreement, or there is a change of works and permit after on-site inspections or there is a state policy adjustment to value-added tax rate (if any), etc., the Commercial Shopping Buildings Fitting-out Work Consideration may be subject to adjustments pursuant to the relevant mechanism under the Commercial Shopping Buildings Fitting-out Work Agreement. The Commercial Shopping Buildings Fitting-out Work Consideration comprises:
Consideration and basis of determination of Consideration. The total consideration (“Consideration”) payable to the Contractor for the Construction shall be RMB412,701,950.38 (equivalent to approximately HK$468,075,000), subject to adjustments (if any) in relation to change of works after on-site inspections, concrete and steel cost and labour cost (as described below). The Consideration comprises (i) sub-project fees (分部分項工程費) (“Sub-project Fees”), including construction fees, management fees and other relevant fees for sub-projects of the works under the Construction as set out in the paragraph headed “Subject matter” above; (ii) measure fees (措施項目費) (“Measure Fees”), including safety and civilization measures fees (安全文明施工措施費) (“Safety Measure Fees”), concrete moulding and framework fees (混凝土模板及支架費) (“Concrete Moulding and Framework Fees”) and other measure fees (“Other Measure Fees”) (including, inter alia, vertical transportation work fees (垂直運輸工程費) and scaffolding fees (腳手架費)); (iii) other fees involved in the Construction, including, inter alia, the management fees (“Management Fees”) for the management of individual professional works (including, inter alia, intelligentisation and curtain wall works in relation to the Construction), material custody fees (材料保管費) and occupational injury insurance premium (工傷保險費) (“Occupational Injury Insurance Premium”); and (iv) levies and taxes (“Levies and Taxes”) in relation to the Construction under the applicable rules and regulations in the PRC. The Consideration shall be settled by Guangdong Land Shenzhen in cash in the manner set out below:
