LISTING RULES REQUIREMENTS. As WCH is owned as to 50% by Xx. Xxx, the executive Director and a controlling Shareholder, and as to 50% by Xx. Xxxx, the spouse of Xx. Xxx. Therefore, WCH is defined as an associate of Xx. Xxx and a connected person of the Company under the Listing Rules, and the transaction contemplated under the New Tenancy Agreement constitutes a continuing connected transaction for the Company under Chapter 14A of the Listing Rules. As all of the applicable percentage ratios (other than the profits ratio) in respect of the maximum aggregate amount of rentals and reimbursements payable by the Tenant under the Agreements are, on an annual basis, more than 0.1% but is less than 5%, the transaction contemplated under the New Tenancy Agreement is exempt from independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
LISTING RULES REQUIREMENTS. As CNSS is a substantial shareholder of the Company, it is regarded as a connected person of the Company under the Listing Rules. The entering into of the Lease Agreements thus constituted continuing connected transactions of the Company under Chapter 14A of the Listing Rules. The Company disclosed in the 2010 Announcement arrangements for leasing of office premises by subsidiaries of the Group from CNSS which constituted continuing connected transactions of the Company. The Lease Agreements disclosed in this announcement are a continuation of some of the leasing arrangements disclosed in the 2010 Announcement. Since the relevant applicable percentage ratios calculated under Rule 14.07 of the Listing Rules in respect of the annual consideration to be paid by the Group for the transactions under the Lease Agreements entered into with CNSS in aggregate for the financial year ending 31 December 2011 exceed 0.1% but do not exceed 5%, being the threshold of the percentage ratios in accordance with Rule 14A.34 of the Listing Rules, the transactions under the Lease Agreements are only subject to the reporting and announcement requirements and the annual review requirements but are exempted from the independent shareholders’ approval requirement under the Listing Rules.
LISTING RULES REQUIREMENTS. As BYD is the controlling Shareholder of the Company indirectly interested in approximately 65.76% of the issued share capital of the Company, it is a connected person of the Company. As such, each of the Assets Sale Transaction and the Assets Purchase Transaction constitutes a connected transaction for the Company under Chapter 14A of the Listing Rules. Xx. XXXX Xxxxx-xx, being a non-executive Director of the Company, is also an executive director and chairman of the board of directors of BYD and is interested in approximately 18.96% of the total issued share capital of BYD as at the date of the Assets Sale Agreement and the Assets Purchase Agreement. Mr. XX Xxxx-xxxxx, who is a non-executive Director of the Company, is also the senior vice president and chief financial officer of BYD and is interested in approximately 0.16% of the total issued share capital of BYD as at the date of the Assets Sale Agreement and the Assets Purchase Agreement. Accordingly, Xx. XXXX Xxxxx-xx and Mr. XX Xxxx-xxxxx, being Directors who may have a material interest, have voluntarily abstained from voting on the board resolutions of the Company concerning the Transactions. As certain of the applicable percentage ratios stipulated under Rule 14.07 of the Listing Rules in respect of each of the Assets Sale Transaction (after aggregation with the December 2017 Assets Sale Transaction) and the Assets Purchase Transaction (after aggregation with the December 2017 Assets Purchase Transaction), in each case, exceed 0.1% but less than 5%, the Transactions are subject to the reporting and announcement requirements but are exempt from the independent Shareholders’ approval requirement set out in Chapter 14A of the Listing Rules. The Company, being a non wholly-owned subsidiary of BYD, is not a connected person of BYD under Rule 14A.16(1) of the Listing Rules as, to the best knowledge, information and belief of the Directors after making all reasonable enquiry, (a) none of the connected persons of BYD is or are (individually or together) entitled to exercise, or control the exercise of, 10% or more of the voting power at any general meeting of the Company; and (b) the Company is not an associate of the connected persons of BYD. Accordingly, none of the Assets Sale Transaction and the Assets Purchase Transaction constitutes connected transaction for BYD under Chapter 14A of the Listing Rules. The terms of the Transactions have been negotiated on an arm’s length basis. The Directors, includ...
LISTING RULES REQUIREMENTS. As at least one of the applicable Percentage Ratios exceeds 5% but is less than 25%, the Investment constitutes a discloseable transaction for the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
LISTING RULES REQUIREMENTS. As the Launch Contractor is a subsidiary of CASC and CASC and its associates are interested in approximately 57% interests in APT International, which in turn is a substantial shareholder of the Company holding approximately 51.83% interest in the Company, the Launch Contractor is therefore a connected person of the Company under the Listing Rules. The Launch Services Contract constitutes a connected transaction of the Company. As such, the Launch Services Contract is subject to Independent Shareholders’ approval at a special general meeting of the Company under Rule 14A.18 of the Listing Rules. APT International, CASC and their respective associates will be required to abstain from voting in respect of the resolution approving the Launch Services Contract and the transactions contemplated thereunder The Launch Services Contract also constitutes a major transaction of the Company given the consideration payable for the Standard Launch Services and all the Optional Services under the Launch Services Contract exceeds 25% of the total assets and market capitalisation of the Company.
LISTING RULES REQUIREMENTS. As the Transaction contemplated by the Master Services Agreement constitutes a non-exempt continuing connected transaction of the Company under Rule 14A.35 of the Listing Rules, it will be subject to the reporting, annual review and independent shareholders’ approval requirements under the Listing Rules. Accordingly, the Company will seek approval from the Independent Shareholders of the Transaction and the Caps by way of poll at a general meeting.
LISTING RULES REQUIREMENTS. The Legal Owners are Directors and therefore connected persons (as defined in the Listing Rules) of the Company. Accordingly, the Structure Contracts constitute connected transactions of the Company pursuant to Chapter 14A of the Listing Rules. As each of the relevant applicable percentage ratios (other than the profits ratio) of the Structure Contracts as a whole is more than 0.1% but less than 5%, the Structure Contracts are only subject to the reporting and announcement requirements but are exempt from the requirement of approval by the independent shareholders of the Company under Chapter 14A of the Listing Rules. Save for Xx. Xxxx and Xx. Xxx, no Director has material interest in the Structure Contracts. Xx. Xxxx and Xx. Xxx have abstained from voting on the board resolutions approving the Structure Contracts.
LISTING RULES REQUIREMENTS. GD Oriental Thought is a non wholly-owned subsidiary of the Company, which is owned as to 30% by GD Kaiyang Freeway. GD Kaiyang Freeway is owned as to 53% by GD Provincial Freeway, which in turn is a wholly-owned subsidiary of GCGC, the controlling shareholder of the Company. Accordingly, GD Oriental Thought is a connected person of the Company under the Listing Rules. The provision of the Entrusted Loan constitutes financial assistance provided by the Company not in the ordinary and usual course of business for the benefit of a connected person. Since one or more of the applicable percentage ratios in respect of the Entrusted Loan exceed 0.1% but are less than 5%, the Entrusted Loan Arrangement shall be subject to the reporting and announcement requirements but exempt from the independent shareholders’ approval requirement pursuant to the Listing Rules.
LISTING RULES REQUIREMENTS. Daisho Denshi is a substantial shareholder of the Company and therefore is a connected person of the Company under the Listing Rules. The applicable percentage ratios for the Transactions on an annual basis exceed 2.5% and the annual consideration is more than HK$10 million. Therefore the entering into of the Sales Agreement and the Transactions between the Group and Daisho Denshi Group constitute non-exempt continuing connected transactions for the Company under Rule 14A.35 of the Listing Rules, and are subject to the reporting and disclosure requirements under Rules 14A.45 to 14A.47 of the Listing Rules, the approval of the Independent Shareholders under Rule 14A.48 of the Listing Rules and the annual review requirements by the independent non-executive Directors and the auditors of the Company under Rules 14A.37 and 14A.38 of the Listing Rules. In view of the interests of Xxxxxx Xxxxxx in the Transactions, Xxxxxx Xxxxxx and its associates will abstain from voting in relation to the ordinary resolution approving the Sales Agreement, the Transactions and the Annual Caps at the SGM. The Board has established the Independent Board Committee to consider and advise the Independent Shareholders on the terms of the Sales Agreement, the Transactions and the Annual Caps, and has appointed an independent financial adviser to advise the Independent Board Committee and the Independent Shareholders. A circular containing, amongst other things, particulars about the Sales Agreement, the Transactions and the Annual Caps, a letter from an independent financial adviser containing its advice to the Independent Board Committee and the Independent Shareholders and the recommendations of the Independent Board Committee, together with a notice convening the SGM, will be despatched to the Shareholders as soon as practicable in accordance with the Listing Rules.
LISTING RULES REQUIREMENTS. The Lessees are non-wholly owned subsidiaries of LSD. As LFH is an associate of Xxx Xxx Xxxxxxx (International) Limited, a substantial shareholder of LSD, LFH is therefore an associate of a connected person of LSD. Accordingly, the entering into of the Contract and the Agreement constitute continuing connected transactions for LSD under Chapter 14A of the Listing Rules. LSD will make further announcements when the Lessees exercise the option to renew the lease. As each of the applicable percentage ratios for the transactions under the Contract and the Agreement is less than 2.5% on an annual basis for LSD, the transactions under the Contract and the Agreement are continuing connected transactions under Rule 14A.34 of the Listing Rules, and are subject to reporting and announcement requirements under Rules 14A.45 to 14A.47 of the Listing Rules but no independent shareholders’ approval is required. LSD will comply with the requirements under Chapter 14A.37 to 14A.40 of the Listing Rules in relation to the Contract and the Agreement during each of the financial years covering the Contract and the Agreement.
