Common use of Historical figures Clause in Contracts

Historical figures. According to the audited consolidated accounts of the NWDS Group for the two financial years ended 30 June 2008 and the unaudited consolidated management accounts of the NWDS Group for the nine months ended 31 March 2009, the aggregate approximate amounts of the Continuing Connected Transactions are as follows: Master Management Agreement Concessionaire Counter Arrangements It is expected that the annual consideration payable under each of the Continuing Connected Transactions will not exceed the amount set out below (the “Annual Caps”): For the year ending 30 June Master Management Agreement 2010 RMB110,402,000 (approximately 2011 RMB126,962,000 (approximately 2012 RMB146,006,000 (approximately HK$125,373,000) HK$144,178,000) HK$165,805,000) Master Leasing RMB154,479,000 RMB224,415,000 RMB276,907,000 Agreement (approximately HK$175,427,000) (approximately HK$254,847,000) (approximately HK$314,456,000) Master RMB51,208,000 RMB74,734,000 RMB107,878,000 Concessionaire (approximately (approximately (approximately Counter Agreement HK$58,152,000) HK$84,868,000) HK$122,507,000) Master Services RMB141,998,000 RMB420,164,000 RMB413,766,000 Agreement (approximately HK$161,253,000) (approximately HK$477,139,000) (approximately HK$469,874,000) The Annual Caps in respect of the Master Management Agreement have been determined by reference to historical transaction amounts, gross sales proceeds and rental income from third party operators. The Annual Caps in respect of the Master Leasing Agreement have been determined based on the historical transaction amounts, the terms of the leases and the expected growth in the number of new Stores. The Annual Caps in respect of the Master Concessionaire Counter Agreement have been determined based on the terms of the existing concessionaire counter agreements, the historical transaction amounts, the expected increase of sales of each of the concessionaire counters and the floor space of the CTF Jewellery Group alongside with the growth of the relevant stores and the number of new concessionaire counters and the floor space for which members of the NWDS Group might enter into new concessionaire counter agreements and rental agreements with members of the CTF Jewellery Group for stores to be opened by the NWDS Group, and the expected increase of sales from the concessionaire counters and the floor space in the Stores at which the CTF Jewellery Group conducts business by means of accepting cash equivalent gift coupons, gift cards and stored value shopping cards of New World China Land Limited and its subsidiaries, which may be presented at the Stores for purchasing goods at such Stores from time to time. The Annual Caps in respect of the Master Services Agreement have been determined based on the historical transaction amounts and future expansion of the Stores, as it is expected that there will be further extension and renovation to the existing Stores and new Stores will be opened in the coming years. The NWD Directors (including the independent non-executive NWD Directors) consider that the Annual Caps in respect of the Master Concessionaire Counter Agreement are fair and reasonable and in the interest of NWD and its shareholders as a whole. The NWDS Directors (excluding the independent non-executive NWDS Directors who will provide their views after considering the opinion of the independent financial adviser) consider that the Annual Caps are fair and reasonable and in the interest of the NWDS Group and the NWDS Shareholders as a whole.

Historical figures. According to the audited consolidated accounts of the NWDS Group for the two financial years ended 30 June 2008 and the unaudited consolidated management accounts of the NWDS Group for the nine months ended 31 March 2009, the aggregate approximate amounts of the Continuing Connected Transactions are as follows: Master Management Agreement Concessionaire Counter Arrangements It is expected that the annual consideration payable under each of the Continuing Connected Transactions will not exceed the amount set out below (the “Annual Caps”): For the year ending 30 June Master Management RMB110,402,000 RMB126,962,000 RMB146,006,000 Agreement 2010 RMB110,402,000 (approximately 2011 RMB126,962,000 (approximately 2012 RMB146,006,000 (approximately HK$125,373,000) (approximately HK$144,178,000) (approximately HK$165,805,000) Master Leasing RMB154,479,000 RMB224,415,000 RMB276,907,000 Agreement (approximately HK$175,427,000) (approximately HK$254,847,000) (approximately HK$314,456,000) Master RMB51,208,000 RMB74,734,000 RMB107,878,000 Concessionaire (approximately (approximately (approximately Counter Agreement HK$58,152,000) HK$84,868,000) HK$122,507,000) Master Services RMB141,998,000 RMB420,164,000 RMB413,766,000 Agreement (approximately HK$161,253,000) (approximately HK$477,139,000) (approximately HK$469,874,000) The Annual Caps in respect of the Master Management Agreement have been determined by reference to historical transaction amounts, gross sales proceeds and rental income from third party operators. The Annual Caps in respect of the Master Leasing Agreement have been determined based on the historical transaction amounts, the terms of the leases and the expected growth in the number of new Stores. The Annual Caps in respect of the Master Concessionaire Counter Agreement have been determined based on the terms of the existing concessionaire counter agreements, the historical transaction amounts, the expected increase of sales of each of the concessionaire counters and the floor space of the CTF Jewellery Group alongside with the growth of the relevant stores and the number of new concessionaire counters and the floor space for which members of the NWDS Group might enter into new concessionaire counter agreements and rental agreements with members of the CTF Jewellery Group for stores to be opened by the NWDS Group, and the expected increase of sales from the concessionaire counters and the floor space in the Stores at which the CTF Jewellery Group conducts business by means of accepting cash equivalent gift coupons, gift cards and stored value shopping cards of New World China Land Limited and its subsidiaries, which may be presented at the Stores for purchasing goods at such Stores from time to time. The Annual Caps in respect of the Master Services Agreement have been determined based on the historical transaction amounts and future expansion of the Stores, as it is expected that there will be further extension and renovation to the existing Stores and new Stores will be opened in the coming years. The NWD Directors (including the independent non-executive NWD Directors) consider that the Annual Caps in respect of the Master Concessionaire Counter Agreement are fair and reasonable and in the interest of NWD and its shareholders as a whole. The NWDS Directors (excluding the independent non-executive NWDS Directors who will provide their views after considering the opinion of the independent financial adviser) consider that the Annual Caps are fair and reasonable and in the interest of the NWDS Group and the NWDS Shareholders as a whole.