Historical Amount. The transactions for the purchase of Raw Milk by the Group from Tianmu Dairy started in September 2020, prior to which the Company had no transaction with Tianmu Dairy. For the four months ended 31 December 2020, the historical amounts of purchase of Raw Milk by the Group from Tianmu Dairy were set out below: For the four months ended 31 December 0000 XXX’000 (unaudited) Historical transaction amounts 11,989 Annual Purchase Cap and basis of determination The table below sets out the proposed annual cap for the price payable by the Group to Tianmu Dairy for purchase of Raw Milk for the year ending 31 December 2021: Year ending 31 December 0000 XXX’000 Annual Purchase Cap 200,000 In determining the Annual Purchase Cap, the Directors have considered generally:
Historical Amount. The approximate total service fees paid by the Group to each of Empire and Transway for the provision of trucking services for each of the years ended 31 December 2017, 2018 and 2019 and the ten months ended 31 October 2020 are set out below: For the year ended 31 December For the ten months ended 31 October 0000 0000 0000 0000 (HK$’000) (HK$’000) (HK$’000) (HK$’000) Total service fees paid to Empire 11,600 15,087 18,351 11,209 Total service fees paid to Transway 7,209 7,995 8,065 4,729 Annual caps The Directors estimated that the annual service fees to be paid by the Group under the Empire Trucking Services Agreement and Transway Trucking Services Agreement respectively, for each of the three years ending 31 December 2023 will be as follows: For the year ending 31 December 2021 2022 2023 (HK$’000) (HK$’000) (HK$’000)
Historical Amount. There have been no historical transaction between the Company or its subsidiaries and Shenzhen Jingneng Leasing for factoring business services. Proposed annual caps and basis of determination of the proposed annual caps The table below sets out the proposed annual caps for the provision of factoring business services by Xxxxxxxx Xxxxxxxx Leasing to the Group under the Commercial Factoring Business Framework Agreement for the three years ending 31 December 2023: For the year ending 31 December 2021 For the year ending 31 December 2022 For the year ending 31 December 2023 (RMB’million) (RMB’million) (RMB’million) Total factoring amount to be obtained by the Group from Shenzhen Jingneng Leasing under new separate individual factoring agreement(s) during the year 1,000 1,000 1,000 Factoring service fees 15 100 150 In arriving at the proposed annual caps for the provision of factoring business services by Xxxxxxxx Xxxxxxxx Leasing to the Group under the Commercial Factoring Business Framework Agreement, the Directors have considered:
Historical Amount. The Company and Zhejiang Tmall did not conduct any similar transactions as those under the Goods Procurement Framework Agreement in the past. Therefore, there is no historical amount to be provided. Annual Caps The respective maximum annual transaction amounts payable by the Company for the financial years ending 31 December 2018, 31 December 2019 and 31 December 2020 under the Goods Procurement Framework Agreement are set out as follows: Period Maximum Transaction Amount (RMB) From 25 July 2018 to 31 December 2018 20,000,000 From 1 January 2019 to 31 December 2019 60,000,000 From 1 January 2020 to 31 December 2020 100,000,000 Such maximum annual transaction amounts are determined in accordance with:
Historical Amount. The historical amounts under the Meinian OneHealth Genetic Testing Service Framework Agreement entered into on 1 January 2021 for the two financial years ended 31 December 2021 and 2022 and for the six months ended 30 June 2023 are set out as follows: For the year ended 31 December For the six months ended 2021 2022 30 June 2023 RMB RMB RMB million million million 94.7 89.6 62.5 Historical amount *Note: The amount of transactions from 1 January 2024 to the date of this announcement under the 2024 Meinian OneHealth Genetic Testing Service Framework Agreement are fully exempted from all disclosure and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Historical Amount. The historical amounts of service fees incurred by Xx. Xx’x associates to the Group for the two financial years ended 31 December 2021 and 2022 and for the six months ended 30 June 2023 are set out as follows: For the year ended 31 December For the six months ended 2021 2022 30 June 2023 RMB RMB RMB million million million 26.7 11.8 8.6 Historical amount ANNUAL CAPS AND BASIS FOR DETERMINING THE ANNUAL CAPS The proposed annual caps for the transactions contemplated under the 2024 Xx. Xx Genetic Testing Service Framework Agreement for the three financial years ending 31 December 2024, 2025 and 2026 are set out as follows: 2024 2025 2026 RMB RMB RMB million million million For the year ended 31 December Annual cap The above proposed annual caps are set based on the following factors: (i) the historical transaction amount between the Group and Xx. Xx together with his associates; (ii) the expected need of Xx. Xx together with his associates for the genetic testing and related services; and (iii) the expected growth of the industry and the expected business growth of our Group and Xx. Xx together with his associates in the future. The proposed annual caps also take into consideration (i) the industry average growth rates and
Historical Amount. The historical amounts for the transactions under the Existing Software Services Framework Agreement for the two years ended 31 December 2021 and 31 December 2022 and nine months ended 30 September 2023 are as follows: For the Year/Period ended Transaction Amounts (RMB thousand) 31 December 2021 24,332.7 31 December 2022 28,152.0 30 September 2023 8,673.4 Proposed Annual Caps and Basis of Proposed Annual Caps The respective maximum annual transaction amounts payable by the Group for the financial years ending 31 December 2024, 31 December 2025 and 31 December 2026 under the Business Cooperation Framework Agreement are set out as follows: For the Year ended 31 December Maximum Transaction Amounts (RMB thousand) 2024 18,000 2025 18,000 2026 18,000 Such annual caps are determined after taking into account the following primary factors:
Historical Amount. For the year ended 31 December 2021, the historical amounts of purchase of raw milk paid by the Group to Tianmu Dairy is set out below: For the year ended 31 December 0000 XXX’000 (unaudited) Historical transaction amounts 133,610 Annual cap and basis of determination The table below sets out the proposed annual cap for the price payable by the Group to Tianmu Dairy for purchase of the raw milk for the year ending 31 December 2022: Year ending 31 December 0000 XXX’000 Annual cap 200,000 In determining the annual cap, the Directors have considered generally:
Historical Amount. There are no prior transactions for the purchase of wheatgrass by the Group to Nongken Jinchang. For the year ended 31 December 2021, the historical amount of purchase of silage paid by the Group to Nongken Jinchang is set out below: For the year ended 31 December 0000 XXX’000 (unaudited) Historical transaction amount 25,621 Annual cap and basis of determination The table below sets out the proposed annual cap for the price payable by the Group to Nongken Jinchang for purchase of silage and wheatgrass for the year ending 31 December 2022: Year ending 31 December 0000 XXX’000 Annual cap 30,000 In determining the annual cap, the Directors have considered generally:
Historical Amount. The Company had no prior transactions with Gansu Nongken Group for the sales of dairy products. Annual cap and basis of determination The table below sets out the proposed annual cap for the price payable by Gansu Nongken Group to the Group for purchase of dairy products for the year ending 31 December 2022: Year ending 31 December 0000 XXX’000 Annual cap 5,000 In determining the annual cap, the Directors have considered generally:
