INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services. It is a subsidiary of Hang Seng Bank Limited, the shares of which are listed on the Stock Exchange (Stock Code: 0011).
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services. LISTING RULES IMPLICATIONS As the highest applicable percentage ratio of the Factoring Agreement is higher than 5% but lower than 25%, the transactions contemplated thereunder constitute a discloseable transaction of the Company and are subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
INFORMATION ABOUT THE PARTIES. The Group is principally engaged in leveraged foreign exchange and other trading, while the provision of cash dealing and securities trading referral services also form part of the Group’s business model. Banclogix is principally engaged in the provision of information technology services and is wholly owned by KVB Holdings which is principally engaged in investment holding and is owned as to 75% of its equity interest by Xx. Xx, a non-executive Director, and 25% of its equity interest by the Administrators. KVB Holdings holds approximately 14.75% of the issued share capital of the Company as at the date of this announcement. LISTING RULES IMPLICATIONS As at the date of this announcement, Banclogix is a wholly-owned subsidiary of KVB Holdings, which is a substantial shareholder of the Company, and is therefore a connected person of the Company under Chapter 14A of the Listing Rules. Accordingly, the Information Technology Services Agreement as amended by the Second Supplemental Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 of the Listing Rules, the transactions contemplated under the Information Technology Services Agreement as amended by the Second Supplemental Agreement are required to be aggregated with the transactions under the Software Licence Agreement (which is also a continuing connected transaction with Banclogix) as they were entered into within a 12-month period. As one or more of the applicable percentage ratio(s) (as defined in Rule 14.07 of the Listing Rules) exceeds 5% and the total consideration exceeds HK$10,000,000, the transactions contemplated constitute non-exempt continuing connected transactions of the Company and are subject to the reporting, announcement, annual review and Shareholders’ approval requirements under Chapter 14A of the Listing Rules. KVB Holdings and its associates are required to abstain from voting on the resolution of the EGM for approving the Second Supplemental Agreement and the Revised Aggregate Annual Caps. Saved as mentioned above and below, to the best of the Directors’ knowledge and belief, no other Director or Shareholder has any material interest in the transactions and therefore will be required to abstain from voting on the relevant resolutions at the EGM. The Directors have established the Independent Board Committee comprising three independent non-executive Directors, namely Xx. XXXX Xxxxxx, Xx. Xxxxxxxx Xxxxxxx...
INFORMATION ABOUT THE PARTIES. The Company is a company incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange (stock code: 686) and is an investment holding company operating its business through its subsidiaries. The Group is principally engaged in the development, investment, operation and management of power plants and other clean energy projects. BES Hainan is a company established in the PRC with limited liability and an indirect non wholly-owned subsidiary of the Company and owned as to 51% by the Company and 49% by Sembcorp Energy Shanghai which is wholly owned by Sembcorp Industries Ltd, the shares of which are listed on the Singapore Exchange Limited (SGX: U96). XXX Xxxxxx is principally engaged in power supply, power production and power transmission services. BESM Beijing is a company established in the PRC with limited liability and indirectly wholly owned by BEH, a controlling Shareholder. It is principally engaged in corporate catering services, office cleaning and property maintenance services. BEH is a company established in the PRC with limited liability which principally engages in the businesses of generation and supplying of electricity and heat, production and sale of coal and development of real estate. It is a state-owned company in the PRC indirectly wholly owned by the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality. BEH is the controlling Shareholder, indirectly holding approximately 32.04% of the issued share capital of the Company. Therefore, BEH is a connected person of the Company under the Listing Rules. LISTING RULE IMPLICATIONS As at the date of this announcement, BESM Beijing is an indirect wholly-owned subsidiary of BEH, which is a controlling Shareholder. Therefore, BESM Beijing is a connected person of the Company, the transactions contemplated under the BES Hainan Catering Service Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 to Rule 14A.83 of the Listing Rules, the respective transactions contemplated under the Service Agreements are required to be aggregated as the Service Agreements were entered into by the Group with the same connected person, namely, BESM Beijing, and the subject matters of the Service Agreements are related to services in respect of office administration and support. As the highest applicable percentage ratio in respe...
INFORMATION ABOUT THE PARTIES. BCL is a limited company incorporated in the British Virgin Islands and principally engaged in investment holding and consultancy services. BCL is directly wholly-owned by Xx. Xxx. The Company is incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange. The principal business of the Group is engaged in trading of construction materials, mainly pipes and fittings in Hong Kong and Macau.
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a company established in the PRC in 1984 and converted into a joint stock limited company on 28 September 2015. The principal business of the Company includes providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, inclusive finance, new energy and high-end equipment manufacturing. Information about the Factoring Bank The Factoring Bank is a large state-owned bank incorporated in the PRC in 2007. Its principal business is the provision of banking and related financial services. LISTING RULES IMPLICATIONS Pursuant to Rule 14.22 of the Listing Rules, as the highest applicable percentage ratio of the transaction under Factoring Agreement is higher than 5% but lower than 25%, the transaction under Factoring Agreement constitutes a discloseable transaction of the Company and is subject to the relevant announcement requirement under Chapter 14 of the Listing Rules, but is exempt from the shareholders’ approval requirement.
INFORMATION ABOUT THE PARTIES. The Lessee Liancheng Huazhuo, as the lessee, is an indirectly wholly-owned subsidiary of the Company. The Company is a leading designer brand fashion house based in China. The Group designs, promotes and sells contemporary apparel, footwear and accessories for women, men, children and teenagers as well as household products. Brand portfolio of the Group currently comprises six brands – (i) JNBY, (ii) CROQUIS, (iii) jnby by JNBY, (iv) less, (v) Pomme de terre and (vi) JNBYHOME, each targeting at a distinct customer segment and having a uniquely defined design identity based on the Group’s universal brand philosophy – “Just Naturally Be Yourself”. The Lessors Both of Xx. Xx Xxxx and Xx. Xxxx Xx are the Lessors to the New Lease Agreement as they jointly own the Premise. Xx. Xx Xxxx is an executive Director and a brother of Xx. Xx Xxx, an executive Director and one of the Controlling Shareholders. Xx. Xxxx Xx is the spouse of Xx. Xx Xxxx. Both of Xx. Xx Xxxx and Xx. Xxxx Xx are connected persons of the Company. PROPOSED REVISION OF ANNUAL CAPS Taking the New Lease Agreement into account, it is expected that the existing annual caps of the Transactions will be unable to cover the Group’s demand, and the Board therefore proposes that the existing annual caps be revised for the years ending June 30, 2018 and June 30, 2019. The revised annual caps will become effective upon the date of the Board’s approval. The revised annual caps were determined after taking into account: (i) the existing annual caps for the Leases with Founder Entities for the years ending June 30, 2018 and June 30, 2019; and (ii) the rent under of the New Lease Agreement. The Board has proposed to revise the existing annual caps to the revised annual caps as follows: For the year ending June 30, 2018 (RMB) 2019 (RMB) Existing annual caps 11,397,755.08 11,967,642.84 Proposed annual caps for the New Lease Agreement 170,000.00 224,400.00 Revised annual caps 11,567,755.08 12,192,042.84 LISTING RULES IMPLICATIONS Xx. Xx Xxxx, one of the Lessors, is an executive Director and a brother of Xx. Xx Xxx, an executive Director and one of the Controlling Shareholders, and hence a connected person of the Company. Xx. Xxxx Xx, the other one of the Lessors, is the spouse of Xx. Xx Xxxx, an executive Director, and hence an associate of Xx. Xx Xxxx and a connected person of the Company. Accordingly, the New Lease Agreement entered into between Liancheng Huazhuo, an indirectly wholly-owned subsidiary of the Compa...
INFORMATION ABOUT THE PARTIES. Everest HK and the Company Everest HK is a company limited by shares incorporated under the laws of Hong Kong and a wholly-owned subsidiary of the Company. The Company is a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Asia markets. The management team of the Company has deep expertise and an extensive track record of high-quality clinical development, regulatory affairs, CMC, business development and operations both in Asia and with leading global pharmaceutical companies. The Company has built a portfolio of nine potentially global first-in-class or best-in- class molecules and vaccine, many of which are in late stage clinical development. The Company’s focused areas of interest include oncology, autoimmune disorders, cardio-renal diseases and infectious diseases. SinoMab SinoMab is a limited liability company incorporated under the laws of Hong Kong, whose shares have been listed on the Main Board of the Stock Exchange (stock code: 3681) since 12 November 2019. SinoMab and its subsidiaries are principally engaged in the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases, primarily monoclonal antibody-based biologics.
INFORMATION ABOUT THE PARTIES. The Group is principally engaged in businesses which include rural financial services, trading in agricultural means of production, urbanisation planning, operating and managing and the development, production and sale of IT products in the financial sector. Dalian Exchange is a company established in the PRC with limited liability. It is principally engaged in operating an integrated commodities and services trading platform for renewable energy, agricultural by-products, agricultural means of production and Dalian petroleum, and providing logistics, settlement, informatics, financing and training service in the PRC.
INFORMATION ABOUT THE PARTIES. Shandong Xiwang Sugar Group is a leading provider of starch sugars, principally engaged in corn processing business with a focus on the production of starch sugars and corn co-products in the PRC, and the distribution and the sale of such products within and outside the PRC. Its products mainly include crystalline glucose, crystalline fructose, crystalline fructose-glucose, fructose-glucose syrup, corn gluten meal, corn gluten feed, corn germ, corn starch, sodium gluconate and maltodextrin. Most of these are functional ingredients which are mainly applied to food and beverage, fermentation, pharmaceutical, chemical, animal feed and construction industries. The Group is a leading high-end special steel manufacturer located in Shandong Province of the PRC. Our products consist of ordinary steel that is primarily used in buildings and infrastructures, as well as special steel that is used in automobile, shipbuilding, chemical and petrochemical, machinery and equipment sectors.
