GEM LISTING RULES IMPLICATIONS. As certain of the applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the unsecured loan granted under the Supplemental Agreement to the Borrower were more than 5% but less than 25%, the unsecured loan granted under the Supplemental Agreement constitutes a discloseable transaction of the Company under Chapter 19 of the GEM Listing Rules and is therefore subject to reporting and announcement requirements under the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. As the highest applicable percentage ratio for the Company as calculated under Rule
GEM LISTING RULES IMPLICATIONS. As certain applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Loan are more than 5% but all percentage ratios are less than 25%, the grant of the Loan under the Loan Agreement constitutes a discloseable transaction of the Company under Chapter 19 of the GEM Listing Rules and is therefore subject to the notification and announcement requirements under the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. As the relevant percentage ratios applicable to the Company exceed 5% but are all less than 25%, the entering into of the Loan Agreement constitutes a discloseable transaction on the part of the Company under the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. As one of the applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the aggregate amount of financial assistance granted to the Borrower and its associate(s) (as defined under the GEM Listing Rules) is more than 5% but all percentage ratios are less than 25%, the grant of the Facility under the Revolving Loan Agreement constitutes a discloseable transaction of the Company under Chapter 19 of the GEM Listing Rules and is therefore subject to the notification and announcement requirements under the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. Mr. Xxx is an executive Director, the chairman of the Board, the chief executive officer of the Company, one of the controlling Shareholders and a director of Astrum Capital, while Xx. Xxxx is an executive Director and a director of Astrum Capital. Therefore, both Mr. Xxx and Xx. Xxxx are connected persons of the Company under Rule 20.07 of the GEM Listing Rules. Accordingly, the entering into of the 2019 Financing Services Agreements constitutes continuing connected transactions of the Company under Chapter 20 of the GEM Listing Rules. As all of the applicable percentage ratios (as defined under Rule 19.07 of the GEM Listing Rules) in respect of the aggregate amount of the proposed Annual Caps under the 2019 Mr. Pan Financing Services Agreement exceeds 25% and the aggregate amount of the proposed Annual Caps is more than HK$10 million, the 2019 Mr. Xxx Financing Services Agreement and the transactions contemplated thereunder (including the Annual Caps thereof) are subject to the reporting, announcement, annual review and Independent Shareholders’ approval requirements under the GEM Listing Rules. As one of the applicable percentage ratios (as defined under Rule 19.07 of the GEM Listing Rules) in respect of the aggregate amount of the proposed Annual Caps under the 2019 Xx. Xxxx Xxxxxxxxx Services Agreement is more than 5% but less than 25% and the aggregate amount of the proposed Annual Caps is less than HK$10 million, the 2019 Xx. Xxxx Xxxxxxxxx Services Agreement and the transactions contemplated thereunder (including the Annual Caps thereof) are subject to the reporting, announcement and annual review requirements, but exempt from the Independent Shareholders’ approval requirements under the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. As Xx. Xxxx and Xx. Xxxx, who are the executive Directors, are interested in 47% and 46% of ETL respectively, ETL is considered as a connected person of the Company under the GEM Listing Rules. The ongoing transactions contemplated under the Agreement constitute continuing connected transactions for the Company under Chapter 20 of the GEM Listing Rules. As one or more of the applicable percentage ratios in respect of the Aggregated Proposed Annual Caps and the Proposed Annual Caps alone exceed 0.1% but are less than 5% respectively, the entering into of the Agreement and the Proposed Annual Caps are subject to the reporting and announcement requirements but are exempt from the independent Shareholders’ approval requirement under the GEM Listing Rules. In the event that the Service Fee would exceed the Proposed Annual Caps and the Aggregated Proposed Annual Caps for any of the three financial years ending 31 December 2015, the Company will comply with Rule 20.36 of the GEM Listing Rules as applicable. Details of the Agreement will be included in the Company’s relevant published annual reports and accounts in compliance with Rules 20.45 and 20.46 of the GEM Listing Rules. The Company will also comply with Rules 20.37 and 20.38 of the GEM Listing Rules in relation to the annual review of the transactions entered into pursuant to the Agreement. In view of their relationship with ETL, Xx. Xxxx and Xx. Xxxx have abstained from voting on the Board’s resolution in approving the Agreement and the Proposed Annual Caps in compliance with the GEM Listing Rules. Information about the Group, ELL and ETL The Group are principally engaged in the business of providing comprehensive multi-media contact services and contact centre system. The principal activities of the Group include outsourcing inbound contact service, outsourcing outbound contact service, staff insourcing service, contact service centre facilities management service and other services such as licensing and sales of system and software. ELL, a company incorporated in Hong Kong with limited liability and an indirect wholly-owned subsidiary of the Company. The principal activities of ELL are research and development of telecommunication system software and provision of consulting services. ETL, a company incorporated in Hong Kong with limited liability. It is ultimately owned as to 47% and 46% by Xx. Xxxx and Xx. Xxxx respectively through intermediate holding companies. The principal activities of ETL are inv...
GEM LISTING RULES IMPLICATIONS. As the applicable percentage ratio(s) in relation to the Acquisition exceeds 5% but falls below 25%, the Acquisition constitutes a discloseable transaction of the Company under the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. As the applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Extension (when aggregated with the Loan Agreement) exceed 5% but are less than 25%, the Extension (when aggregated with the Loan Agreement) constitutes a discloseable transaction for the Company and is subject to the reporting and announcement requirements but is exempted from the shareholders’ approval requirement under Chapter 19 of the GEM Listing Rules.
GEM LISTING RULES IMPLICATIONS. As certain of the applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Second Loan Extension is more than 5% but less than 25%, the Second Loan Extension constitutes a discloseable transaction of the Company under Chapter 19 of the GEM Listing Rules and is subject to the reporting and announcement requirements under the GEM Listing Rules.
