Common use of COOPERATION FRAMEWORK AGREEMENT Clause in Contracts

COOPERATION FRAMEWORK AGREEMENT. On 16 February 2016, the Subsidiary, the Owner, the Project Company and the EPC Contractor entered into the Cooperation Framework Agreement pursuant to which the parties agreed to collaborate in relation to the Project according to the terms set out therein including the Project Price, the Prepayment and the timeline for completion of the Project. The parties also agreed that subject to, among other things, Construction Completion, the Owner and the Subsidiary shall enter into a sale and purchase agreement for the Equity Transfer. As the applicable ratios set out in Rule 14.07 of the Listing Rules in respect of the Cooperation Framework Agreement and the transactions contemplated thereunder are more than 5% and all of such ratios are below 25%, the Cooperation Framework Agreement and the transactions contemplated thereunder constitute a discloseable transaction for the Company under Chapter 14 of the Listing Rules and are therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.

COOPERATION FRAMEWORK AGREEMENT. On 16 February 2016, the Subsidiary, the OwnerOwners, the Project Company and the EPC Contractor entered into the Cooperation Framework Agreement pursuant to which the parties agreed to collaborate in relation to the Project according to the terms set out therein including the Project Price, the Prepayment and the timeline for completion of the Project. The parties also agreed that subject to, among other things, Construction Completion, the Owner Owners and the Subsidiary shall enter into a sale and purchase agreement for the Equity Transfer. As the applicable ratios set out in Rule 14.07 of the Listing Rules in respect of the Cooperation Framework Agreement and the transactions contemplated thereunder are more than 5% and all of such ratios are below 25%, the Cooperation Framework Agreement and the transactions contemplated thereunder constitute a discloseable transaction for the Company under Chapter 14 of the Listing Rules and are therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.