Common use of Depository Services Clause in Contracts

Depository Services. The depository services under the Financial Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As each of the applicable percentage ratios in respect of the maximum daily deposit amount under the Financial Services Agreement is more than 0.1% but less than 5%, the depository services under the Financial Services Agreement are subject to the announcement and annual review requirements, but exempted from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.

Appears in 1 contract

Sources: Financial Services Agreement

Depository Services. The depository services under the 2018 Financial Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As each of the certain applicable percentage ratios in respect of the maximum daily deposit amount under the Financial Services Agreement is more than depository services exceed 0.1% but less than fall below 5%% on annual basis, the depository services under the Financial Services Agreement are is subject to the reporting and announcement and annual review requirements, requirements but exempted is exempt from the independent shareholders’ approval requirements requirement under Chapter 14A of the Listing Rules.

Appears in 1 contract

Sources: Financial Services Agreement