Common use of Loan Services Clause in Contracts

Loan Services. Since the services will be provided by Huadian Finance to the Group at fees not higher than the fees charged by Major Commercial Banks in the PRC and other financial institutions for the same services, the transaction involves provision of financial assistance by Huadian Finance for the benefit of the Group on normal commercial terms (or better to the Group) where no security over the Group’s assets is granted in respect of the financial assistance. Such loans are exempt continuing connected transactions under Rule 14A.90 of the Hong Kong Listing Rules which are not subject to the announcement, circular and Independent Shareholders’ approval requirements and therefore no annual caps were required under the Hong Kong Listing Rules.

Loan Services. Since the loan services will be are provided by Huadian Finance to the Group at fees not higher than the fees charged by Major Commercial Banks in the PRC and other financial institutions for the same services, the transaction involves provision of financial assistance by Huadian Finance for the benefit of the Group on normal commercial terms (or better to the Group) Group where no security over the Group’s 's assets is granted in respect of the financial assistance. Such loans transactions are exempt continuing connected transactions under Rule 14A.90 of the Hong Kong Listing Rules which are not subject to the announcement, circular and Independent Shareholders’ approval requirements requirements, and therefore no annual caps were are required under the Hong Kong Listing Rules.