Common use of Historical figures Clause in Contracts

Historical figures. For the two years ended 31 December 2018 and 2019 and the nine months ending 30 September 2020, the rental amount of property leased by the Group to Jiangxi Jingxing was approximately RMB2,200,000, RMB2,700,000 and RMB2,678,000 respectively. The Annual Cap for the transactions contemplated under 2021 Tenancy Agreement B is set out below: For the year ending 31 December Annual Cap amount (RMB) 2021 (1 January 2021 to 31 December 2021) 3,645,852 The above Annual Cap is arrived at by translating the monthly rent of RMB303,821 into rent receivable by Jiangxi Xingfa for the year ending 31 December 2021 under the 2021 Tenancy Agreement B. In view of the above, the Directors (including the independent non-executive Directors) are of the view that the Annual Cap for the 2021 Tenancy Agreement B is fair and reasonable and in the interests of the Company and the Shareholders as a whole. The Group is principally engaged in (i) the manufacture and sale of aluminium profiles which are applied as construction and industrial materials; and (ii) property development. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is principally engaged in the manufacture and sale of aluminium profiles. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is principally engaged in the manufacture and sale of aluminium panels. In view of the stable rental income to be generated under the 2021 Tenancy Agreement B and the rent and terms under the 2021 Tenancy Agreement B will not be more favourable to Jiangxi Jingxing than those offered to independent tenants, the Directors consider that the entering into the 2021 Tenancy Agreement B is in the interests of the Company and its Shareholders as a whole. The Group will undertake the following internal control measures to monitor the rents and terms of the transactions contemplated under each of the 2021 Tenancy Agreement A and 2021 Tenancy Agreement B and ensure that the rents and terms offered by the Landlords to the Tenants under the 2021 Tenancy Agreements will be no more favourable than rents and terms offered to independent tenants and that the Annual Caps are not exceeded:

Historical figures. For the two years ended 31 December 2018 and 2019 and the nine months ending 30 September 2020, the rental amount of property leased by the Group to Jiangxi Jingxing was approximately RMB2,200,000, RMB2,700,000 and RMB2,678,000 respectively. The Annual Cap for the transactions contemplated under 2021 Tenancy Agreement B is set out below: For the year three months ending 31 December Annual Cap amount (RMB) 2021 2020 (1 January 2021 October 2020 to 31 December 20212020) 3,645,852 911,463 The above Annual Cap is arrived at by translating the monthly rent of RMB303,821 into rent receivable by Jiangxi Xingfa ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ for the year three months ending 31 December 2021 2020 under the 2021 Tenancy Agreement B. In view of the above, the Directors (including the independent non-executive Directors) are of the view that the Annual Cap for the 2021 Tenancy Agreement B is fair and reasonable and in the interests of the Company and the Shareholders as a whole. The Group is principally engaged in (i) the manufacture and sale of aluminium profiles which are applied as construction and industrial materials; and (ii) property development. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ is principally engaged in the manufacture and sale of aluminium profiles. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is principally engaged in the manufacture and sale of aluminium panels. In view of the stable rental income to be generated under the 2021 Tenancy Agreement B and the rent and terms under the 2021 Tenancy Agreement B will not be more favourable to Jiangxi Jingxing than those offered to independent tenants, the Directors consider that the entering into the 2021 Tenancy Agreement B is in the interests of the Company and its Shareholders as a whole. The Group will undertake the following internal control measures to monitor the rents and terms of the transactions contemplated under each of the 2021 Tenancy Agreement A and 2021 Tenancy Agreement B and ensure that the rents and terms offered by the Landlords to the Tenants under the 2021 Tenancy Agreements will be no more favourable than rents and terms offered to independent tenants and that the Annual Caps are not exceeded: