Common use of CONTINUING CONNECTED TRANSACTIONS Clause in Contracts

CONTINUING CONNECTED TRANSACTIONS. Renewal of Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement Renewal of Framework Property Lease Agreement Reference is made to the announcement of the Company dated 28 January 2016 in relation to the Framework Property Lease Agreement which will expire on 31 December 2016. On 28 December 2016, the Company renewed its Framework Property Lease Agreement with San Want in respect of the renewal of the lease of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). New Framework Property Lease Agreement On 28 December 2016, the Company entered into a New Framework Property Lease Agreement with CTV in respect of the lease of the Premises for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Framework Advertising Agreement On 28 December 2016, the Company also entered into a Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Listing Rules Implications Xx. Xxxx is the controlling shareholder of San Want, CTV and CTI, therefore each of San Want, CTV and CTI is an associate of Xx. Xxxx and a connected person of the Company within the meaning of the Listing Rules and the transactions contemplated under the Renewed Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement constitute continuing connected transactions of the Company. As the highest of the applicable percentage ratios under the Listing Rules in respect of each of the (i) Renewed Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; and (ii) Framework Advertising Agreement is, on an annual basis, more than 0.1% but less than 5%, the transactions contemplated thereunder 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. RENEWED FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made to the announcement of the Company dated 28 January 2016 in relation to the Framework Property Lease Agreement which will expire on 31 December 2016. The Board announces that the Company entered into the Renewed Framework Property Lease Agreement with San Want on 28 December 2016 in respect of the renewal of the lease of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Date of agreement

CONTINUING CONNECTED TRANSACTIONS. Renewal On 28 December 2018, the Company entered into the Conditional Master Agreement for the sales and purchases of Framework Property Lease Agreement, New Framework Property Lease Agreement electronic components and Framework Advertising Agreement Renewal distribution of Framework Property Lease Agreement Reference is made to SHARP products and distribution of other brand products under the announcement Hon Hai Group between the Group and the Hon Hai Group in place of the Company Previous Master Agreement with Hon Hai dated 28 January 2016 in relation to the Framework Property Lease Agreement 9 November 2015 which will expire on 31 December 20162018. On 28 December 2016In anticipation of such continuing sales and purchases of electronic components and distribution of SHARP products and distribution of other brand products under the Hon Hai Group between the Group and the Hon Hai Group in future, the Company renewed its Framework Property Lease Group entered into the Conditional Master Agreement with San Want in respect of Hon Hai for the renewal of next 3 financial years during the lease of certain properties for a term of two years from period between 1 January 2017 to 2019 and 31 December 2018 2021 (both dates inclusive). New Framework Property Lease Agreement On 28 December 2016LISTING RULES IMPLICATIONS Foxconn, the Company entered into being a New Framework Property Lease Agreement with CTV wholly owned subsidiary of Hon Hai, is interested in respect 19.81% of the lease of the Premises for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Framework Advertising Agreement On 28 December 2016, the Company also entered into a Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Listing Rules Implications Xx. Xxxx is the controlling shareholder of San Want, CTV and CTI, therefore each of San Want, CTV and CTI is an associate of Xx. Xxxx and a connected person issued share capital of the Company within the meaning and a substantial shareholder of the Listing Rules Company. FIT Taiwan, Huai An Fulitong Trading and SHARP are non-wholly owned subsidiaries of Hon Hai. Therefore, Hon Hai, Foxconn, FIT Taiwan, Huai An Fulitong Trading, SHARP and their respective associates are connected persons of the Company and the transactions contemplated under the Renewed Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement Continuing Connected Transactions constitute continuing connected transactions of the Company. As the highest of the applicable percentage ratios under the Listing Rules in respect of each of the (i) Renewed Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; and (ii) Framework Advertising Agreement is, on an annual basis, more than 0.1% but less than 5%, the transactions contemplated thereunder are subject to the reporting, annual review and announcement requirements but are exempt from the independent shareholders’ approval requirement Company under Chapter 14A of the Listing Rules. RENEWED FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made As the applicable Percentage Ratios for the Purchase Caps and the Sale Caps are expected to exceed 5% on an annual basis, the announcement Continuing Connected Transactions constitute non-exempt continuing connected transactions of the Company dated 28 January 2016 in relation and the Conditional Master Agreement, the Caps and the Continuing Connected Transactions contemplated thereunder are subject to the Framework Property Lease Agreement which disclosure and Independent Shareholders’ approval, annual review by the independent non-executive Directors and auditors and annual reporting requirements under Chapter 14A of the Listing Rules. As the SGM will expire on 31 December 2016. The Board announces that be convened after 1 January 2019, the Company entered into will comply with the Renewed Framework Property Lease Agreement with San Want on 28 December 2016 in respect requirement under Rule 14A.34 of the renewal of Listing Rules and enter into written agreements for all connected transactions carried out during the lease of certain properties for a term of two years from period between 1 January 2017 to 31 December 2018 (both dates inclusive). Date 2019 and the date of agreementSGM.

CONTINUING CONNECTED TRANSACTIONS. Renewal of The New Purchase Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement Renewal of Framework Property Lease Agreement Reference is References are made to the announcement announcements of the Company dated 28 January 2016 16 December 2009 and 26 June 2012 and disclosures made in relation to the Framework Property Lease Agreement which will expire on 31 December 2016. On 28 December 2016, annual reports of the Company renewed its Framework Property Lease Agreement with San Want from 2009 to 2014 in respect of the renewal of continuing connected transactions contemplated under the lease of certain properties Agreements. Pursuant to the Agreements, the Group purchased low value consumables, auxiliary accessories, tools, welding materials and worker-protection items from Hongtai Company. The Renewal Purchase Framework Agreement was for a term of two three years commencing from 1 January 2017 to 2010 and expiring on 31 December 2018 (both dates inclusive)2012. New The Purchase Framework Property Lease Agreement On 28 December 2016, the Company entered into a New Framework Property Lease Agreement with CTV in respect of the lease of the Premises was for a term of two three years commencing from 1 January 2017 to 2013 and expiring on 31 December 2018 (both dates inclusive)2015. Given that the forthcoming expiry of the Purchase Framework Advertising Agreement On 28 December 2016Agreement, the Honghua Company also and Hongtai Company entered into a the New Purchase Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels on 30 December 2015 for a further term of two three years commencing from 1 January 2017 to 2016 and expiring on 31 December 2018 2018. The Directors (both dates inclusive)including the independent non-executive Directors) consider that the New Purchase Framework Agreement and the transactions contemplated thereunder were entered into in the ordinary and usual course of the business of the Group, and have been negotiated on an arm’s length basis between the parties on normal commercial terms. The terms of the agreement (including the Annual Caps) are fair and reasonable and are in the interests of the Company and its Shareholders as a whole. Listing Rules Implications Hongtai Company is owned as to 73.125% by the spouses of certain members of the Concert Group, namely Xx. Xxxxx Xx, Mr. Fan Bing, Xx. Xxxxx Xxxxxxx, Xx. Xxxx is the controlling shareholder of San WantXxxx, CTV and CTIXx. Xxxxx Xx, therefore each of San WantXx. Xxx Xxx, CTV and CTI is an associate of Xx. Xxx Xxxxxxx, Xx. Xxxx Xxxxxxxxx and Xx. Xxx Xxxxxxx (deceased) and therefore Hongtai Company is a connected person of the Company within the meaning of under the Listing Rules Rules. The New Purchase Framework Agreement and the transactions contemplated under the Renewed Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement thereunder constitute continuing connected transactions under Chapter14A of the CompanyListing Rules. As the highest Considering that each of the applicable percentage ratios under calculated in accordance with Rule 14.07 of the Listing Rules in respect of with reference to each of the (i) Renewed Annual Caps under the New Purchase Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; and (ii) Framework Advertising Agreement is, on an annual basis, more than 0.1% but is less than 5%, the continuing connected transactions contemplated thereunder under the New Purchase Framework Agreement are subject to the reportingannual review, annual review reporting and announcement requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A Rules 14A.76 of the Listing Rules. RENEWED FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made to the announcement of the Company dated 28 January 2016 in relation to the Framework Property Lease Agreement which will expire on 31 December 2016. The Board announces that the Company entered into the Renewed Framework Property Lease Agreement with San Want on 28 December 2016 in respect of the renewal of the lease of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Date of agreement.

CONTINUING CONNECTED TRANSACTIONS. Renewal of The New Purchase Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement Renewal of Framework Property Lease Agreement Reference is References are made to the announcement announcements of the Company dated 28 January 2016 16 December 2009 and 26 June 2012 and disclosures made in relation to the Framework Property Lease Agreement which will expire on 31 December 2016. On 28 December 2016, annual reports of the Company renewed its Framework Property Lease Agreement with San Want from 2009 to 2014 in respect of the renewal of continuing connected transactions contemplated under the lease of certain properties Agreements. Pursuant to the Agreements, the Group purchased low value consumables, auxiliary accessories, tools, welding materials and worker-protection items from Hongtai Company. The Renewal Purchase Framework Agreement was for a term of two three years commencing from 1 January 2017 to 2010 and expiring on 31 December 2018 (both dates inclusive)2012. New The Purchase Framework Property Lease Agreement On 28 December 2016, the Company entered into a New Framework Property Lease Agreement with CTV in respect of the lease of the Premises was for a term of two three years commencing from 1 January 2017 to 2013 and expiring on 31 December 2018 (both dates inclusive)2015. Given that the forthcoming expiry of the Purchase Framework Advertising Agreement On 28 December 2016Agreement, the Honghua Company also and Hongtai Company entered into a the New Purchase Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels on 30 December 2015 for a further term of two three years commencing from 1 January 2017 to 2016 and expiring on 31 December 2018 2018. The Directors (both dates inclusive)including the independent non-executive Directors) consider that the New Purchase Framework Agreement and the transactions contemplated thereunder were entered into in the ordinary and usual course of the business of the Group, and have been negotiated on an arm’s length basis between the parties on normal commercial terms. The terms of the agreement (including the Annual Caps) are fair and reasonable and are in the interests of the Company and its Shareholders as a whole. Listing Rules Implications Hongtai Company is owned as to 73.125% by the spouses of certain members of the Concert Group, namely Xx. Xxxxx Xx, Mr. Xxx Xxxx, Xx. Xxxxx Xxxxxxx, Xx. Xxxx is the controlling shareholder of San WantXxxx, CTV and CTIXx. Xxxxx Xx, therefore each of San WantXx. Xxx Xxx, CTV and CTI is an associate of Xx. Xxx Xxxxxxx, Xx. Xxxx Xxxxxxxxx and Xx. Xxx Xxxxxxx (deceased) and therefore Hongtai Company is a connected person of the Company within the meaning of under the Listing Rules Rules. The New Purchase Framework Agreement and the transactions contemplated under the Renewed Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement thereunder constitute continuing connected transactions under Chapter14A of the CompanyListing Rules. As the highest Considering that each of the applicable percentage ratios under calculated in accordance with Rule 14.07 of the Listing Rules in respect of with reference to each of the (i) Renewed Annual Caps under the New Purchase Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; and (ii) Framework Advertising Agreement is, on an annual basis, more than 0.1% but is less than 5%, the continuing connected transactions contemplated thereunder under the New Purchase Framework Agreement are subject to the reportingannual review, annual review reporting and announcement requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A Rules 14A.76 of the Listing Rules. RENEWED FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made to the announcement of the Company dated 28 January 2016 in relation to the Framework Property Lease Agreement which will expire on 31 December 2016. The Board announces that the Company entered into the Renewed Framework Property Lease Agreement with San Want on 28 December 2016 in respect of the renewal of the lease of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Date of agreement.

CONTINUING CONNECTED TRANSACTIONS. Renewal of Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement Renewal of Framework Property Lease Agreement FRAMEWORK COOPERATION AGREEMENT Reference is made to the announcement of the Company Announcement dated 28 January 2016 19 February 2021 in relation to the Existing Framework Property Lease Agreement which will expire Agreements and the continuing connected transactions contemplated thereunder. FRAMEWORK COOPERATION AGREEMENT The Board announces that on 31 December 2016. On 28 December 20162 July 0000, Xxxxxxxxx Xxxxxxxxx, an indirect wholly-owned subsidiary of the Company renewed its Company, entered into the Framework Property Lease Cooperation Agreement with San Want CLIZ in respect of the renewal provision of the lease Medical & Healthcare Services by Townsfolk Group to CLIZ or its staff and clients. IMPLICATIONS UNDER THE LISTING RULES As at the date of certain properties for this announcement, (i) CLIZ is a term branch of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). New Framework Property Lease Agreement On 28 December 2016, the Company entered into CLIC and CLIG is a New Framework Property Lease Agreement with CTV in respect of the lease of the Premises for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Framework Advertising Agreement On 28 December 2016, the Company also entered into a Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Listing Rules Implications Xx. Xxxx is the controlling shareholder of San WantCLIC; and (ii) CLIG holds approximately 23.72% of the Shares and is a substantial shareholder of the Company and thus a connected person of the Company. As such, CTV and CTI, therefore each CLIZ (being a branch of San Want, CTV and CTI CLIC) is an associate of Xx. Xxxx and also a connected person of the Company within the meaning of the Listing Rules and the transactions contemplated under the Renewed Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Cooperation Agreement constitute continuing connected transactions of the Company. As Company for the highest purpose of the applicable percentage ratios under the Listing Rules in respect of each of the (i) Renewed Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; . Pursuant to Rule 14A.81 of the Listing Rules, the continuing connected transactions contemplated under the Framework Cooperation Agreement are required to be aggregated with the continuing connected transactions contemplated under the Existing Framework Agreements as the Framework Cooperation Agreement and (ii) the Existing Framework Advertising Agreement is, on an annual basis, more than Agreements were entered into by the Group with CL Group. As the applicable percentage ratios relating to the New Medical Related Services Annual Caps exceed 0.1% but are less than 5%, the continuing connected transactions contemplated thereunder in relation to the provision of the Medical Related Services by the Group under the Existing Framework Agreements and the Framework Cooperation Agreement are subject to the reporting, announcement and annual review and announcement requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules. RENEWED FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made to the announcement of the Company Announcement dated 28 January 2016 19 February 2021 in relation to the Existing Framework Property Lease Agreement which will expire on 31 December 2016Agreements and the continuing connected transactions contemplated thereunder. FRAMEWORK COOPERATION AGREEMENT The Board announces that on 2 July 0000, Xxxxxxxxx Xxxxxxxxx, an indirect wholly-owned subsidiary of the Company Company, entered into the Renewed Framework Property Lease Cooperation Agreement with San Want on 28 December 2016 CLIZ in respect of the renewal provision of the lease Medical & Healthcare Services by Townsfolk Group to CLIZ or its staff and clients. Major terms of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). the Framework Cooperation Agreement are as follows: Date of agreementthe Framework Cooperation Agreement 2 July 2021 Parties

CONTINUING CONNECTED TRANSACTIONS. Renewal Reference is made to the Existing Master IT Agreement that was entered into between the Company and Founder on 29 August 2011 and will expire on 31 December 2013. As a result, on 9 December 2013, the Company entered into the Master IT Agreement with Founder pursuant to which the Group will supply Information Products to Founder Group in the ordinary course of Framework Property Lease Agreementbusiness and on normal commercial terms. The Master IT Agreement will govern and specify the terms adopted and the annual caps for the total amount of the aforesaid ongoing transactions for the three years ending 31 December 2016. The Company is owned as to approximately 64.14% by Founder Information which in turn is owned as to approximately 97.36% by Peking Founder. Peking Founder is a connected person for the purposes of the Listing Rules. Founder is an associate of Peking Founder and therefore, New Framework Property Lease a connected person of the Company under the Listing Rules. Accordingly the transactions contemplated under the Master IT Agreement will constitute continuing connected transactions for the Company pursuant to Chapter 14A of the Listing Rules. As the applicable ratios pursuant to Rule 14.07 of the Listing Rules for the Master IT Agreement are less than 5%, the entering into the Master IT Agreement and Framework Advertising Agreement Renewal the transactions contemplated thereunder by the Company constitute continuing connected transactions for the Company which are exempt from the independent shareholders’ approval requirements under Rule 14A.16(4) of Framework Property Lease Agreement the Listing Rules, but subject to the reporting, annual review and announcement requirements under Rules 14A.37 to 14A.41 and 14A.45 to 14A.47 of the Listing Rules. INTRODUCTION Reference is made to the announcement of the Company dated 28 January 2016 29 August 2011, in relation to the Framework Property Lease Existing Master IT Agreement which that was entered into between the Company and Founder on 29 August 2011 and will expire on 31 December 20162013. On 28 As a result, on 9 December 2016, the Company renewed its Framework Property Lease Agreement with San Want in respect of the renewal of the lease of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). New Framework Property Lease Agreement On 28 December 20162013, the Company entered into a New Framework Property Lease the Master IT Agreement with CTV Founder pursuant to which the Group will supply Information Products to Founder Group in respect the ordinary course of business and on normal commercial terms. The Master IT Agreement will govern and specify the terms adopted and the annual caps for the total amount of the lease of aforesaid ongoing transactions for the Premises for a term of two three years from 1 January 2017 to 31 December 2018 (both dates inclusive). Framework Advertising Agreement On 28 December 2016, the Company also entered into a Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Listing Rules Implications Xx. Xxxx is the controlling shareholder of San Want, CTV and CTI, therefore each of San Want, CTV and CTI is an associate of Xx. Xxxx and a connected person of the Company within the meaning of the Listing Rules and the transactions contemplated under the Renewed Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement constitute continuing connected transactions of the Company. As the highest of the applicable percentage ratios under the Listing Rules in respect of each of the (i) Renewed Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; and (ii) Framework Advertising Agreement is, on an annual basis, more than 0.1% but less than 5%, the transactions contemplated thereunder 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. RENEWED FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made to the announcement of the Company dated 28 January 2016 in relation to the Framework Property Lease Agreement which will expire on ending 31 December 2016. The Board announces that annual caps for the Company entered into Master IT Agreement for each of the Renewed Framework Property Lease Agreement with San Want on 28 three years ending 31 December 2016 in respect is determined based on the Company’s estimate of the renewal of purchases for the lease of certain properties for a term of two three years from 1 January 2017 to ending 31 December 2018 (both dates inclusive)2016 with reference to the purchase pattern for the two financial years ended 31 December 2012 and the purchases for the nine months ended 30 September 2013. Date of agreementThe Master IT Agreement is effective upon signing.

CONTINUING CONNECTED TRANSACTIONS. Renewal of Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement Renewal of Framework Property Lease Agreement RENEWAL OF THE ADMINISTRATIVE FRAMEWORK AGREEMENT Reference is made to the announcement of the Company dated 28 January 2016 24 June 2020 in relation to the continuing connected transactions under the Administrative Framework Property Lease Agreement entered into between the Company and Fosun High Technology, pursuant to which the Group procured certain services and products for administrative purposes from the Remaining Fosun High Technology Group. As the term of the Administrative Framework Agreement will expire on 31 December 2016. On 28 2020, the Board announces that on 31 December 20162020, the Company and Fosun High Technology renewed its the Administrative Framework Property Lease Agreement with San Want in respect of the renewal of the lease of certain properties for a further term of two years one year from 1 January 2017 2021 to 31 December 2018 (both dates inclusive)2021. New Framework Property Lease Agreement On 28 December 2016As at the date of this announcement, Fosun High Technology, a holding company of Fosun Pharma, was interested in approximately 38.62% of the total issued shares of Fosun Pharma, which in turn indirectly held approximately 55.01% of the Shares of the Company entered into a New Framework Property Lease Agreement with CTV in respect of the lease of the Premises for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive)issue. Framework Advertising Agreement On 28 December 2016Accordingly, the Company also entered into a Framework Advertising Agreement with CTI in respect of the purchase of advertising airtime at CTI’s television channels for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Listing Rules Implications Xx. Xxxx Fosun High Technology is the controlling shareholder of San Want, CTV and CTI, therefore each of San Want, CTV and CTI is an associate of Xx. Xxxx and a connected person of the Company within the meaning of the Listing Rules Company, and the transactions contemplated under the Renewed Administrative Framework Property Lease Agreement, New Framework Property Lease Agreement and Framework Advertising Agreement constitute continuing connected transactions of the Company. As the highest of the applicable percentage ratios Company under the Listing Rules in respect of each of the (i) Renewed Framework Property Lease Agreement and New Framework Property Lease Agreement on an aggregated basis pursuant to Chapter 14A of the Listing Rules; and (ii) . As the highest applicable percentage ratio in respect of the annual cap for the transactions under the Administrative Framework Advertising Agreement is, on an annual basis, for the year ending 31 December 2021 is more than 0.1% but less than 5%, the transactions contemplated thereunder under the Administrative Framework Agreement are subject to the reporting, announcement and annual review and announcement requirements requirements, but are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules. RENEWED R EV I SI ON OF AN N U AL C A PS FO R T HE S I N OP HA R M P RO C UR E ME N T FRAMEWORK PROPERTY LEASE AGREEMENT Reference is made to the announcement of issued by the Company dated 28 January 2016 on 24 April 2020 in relation to the continuing connected transactions for the purchase of raw materials by the Group from Sinopharm Group under the Sinopharm Procurement Framework Property Lease Agreement which will expire Agreement. Considering the Company’s actual business needs, on 31 December 20162020, the Board resolved to increase the annual caps for the purchase of raw materials from Sinopharm Group under the Sinopharm Procurement Framework Agreement for the two years ending 31 December 2021 and 2022. The Board announces that As at the date of this announcement, Fosun Pharma (a controlling shareholder of the Company) is directly holding 49% of the interest in Sinopharm Industrial Investment and Sinopharm is a subsidiary of Sinopharm Industrial Investment. Therefore, Xxxxxxxxx is a connected person of the Company entered into by virtue of being an associate of the Renewed Company’s controlling shareholder. Accordingly, the transactions in relation to the procurement of raw materials under the Sinopharm Procurement Framework Property Lease Agreement with San Want on 28 December 2016 constitute continuing connected transactions of the Company under Chapter 14A of the Hong Kong Listing Rules. As the highest applicable percentage ratio in respect of revised annual caps exceeds 5% but less than 25% and the renewal total consideration is less than HK$10,000,000, the transactions under the Sinopharm Procurement Framework Agreement are subject to reporting, announcement and annual review requirements, but exempt from the independent shareholders’ approval requirement under Chapter 14A of the lease of certain properties for a term of two years from 1 January 2017 to 31 December 2018 (both dates inclusive). Date of agreementListing Rules.