THE COOPERATION AGREEMENT. Date 29 May 2018 (after trading hours of the Stock Exchange) Parties
THE COOPERATION AGREEMENT. The Board is pleased to announce that, on July 6, 2017, Bei Ai Company and Lanzhou New Area Management Committee, entered into the Cooperation Agreement, pursuant to which the Group intended to invest approximately RMB600 million for its construction of the Northwest School with a planned capacity of 15,000 students. Lanzhou New Area Management Committee agreed to provide administrative support for the establishment of the Northwest School, including but not limited to the grant of the land use right for the campus of the Northwest School and completing the construction of the ancillary infrastructure around the campus. REASONS FOR AND BENEFITS OF ENTERING INTO OF THE COOPERATION AGREEMENT As disclosed in the Prospectus, it was expected that the Northwest School would be officially established after the Listing. The construction was planned to commence in the second half of 2017. It is expected that the Northwest School will commence operation in 2019 and enroll the first batch of students in September 2019. After the commencement of operation of the Northwest School, the Group plans to increase the number of school buildings, equipment and other constructions based on the growth of student enrollment year by year. The Directors believe that the Cooperation Agreement marks the Group’s continuous efforts to expand its school network and increase the market penetration. The Directors are of the view that the terms and conditions of the Cooperation Agreement are fair and reasonable, and are in the interests of the Company and its Shareholders as a whole. INFORMATION OF THE PARTIES TO THE COOPERATION AGREEMENT Information of Lanzhou New Area Management Committee Lanzhou New Area Management Committee is a government authority and an administrative management institution of Lanzhou New Area. Lanzhou New Area is the first state-level new area in Northwest China. To the best of the Directors’ knowledge, information and having made all reasonable enquiries, Lanzhou New Area Management Committee and its ultimate beneficial owners are third parties independent of the Company and its connected persons. Information of the Company and Bei Ai Company The Company is an investment holding company and its subsidiaries are principally engaged in private formal higher education. Bei Ai Company is a wholly owned subsidiary of the Company. It currently has no substantial business and will act as the school sponsor of the Northwest School after its establishment.
THE COOPERATION AGREEMENT. A summary of the salient terms of the Cooperation Agreement is set out below: Date: 1 November 2017
THE COOPERATION AGREEMENT. On 8 October 2018, Xxxxxxxxx Xx Xxx entered into the Cooperation Agreement with Nanjing Jiaotong, pursuant to which Nanjing Jiaotong agreed to invest in the Project Company with Xxxxxxxxx Xx Xxx for obtaining the land use rights of and developing the Nanjing 2018G43 Land through the Project Company. The principal terms of the Cooperation Agreement are summarized as follows: Date 8 October 2018 Parties
THE COOPERATION AGREEMENT. Date: 8 May 2014 (after trading hours) Parties: (i) the Purchaser;
THE COOPERATION AGREEMENT. The Company is pleased to announce that on 18 May 2017 (after trading hours), Hangzhou Haoyu (an indirect wholly-owned subsidiary of the Company) and Jiangxi Broadcasting entered into the Cooperation Agreement, pursuant to which the Parties have agreed to cooperate to develop and operate the Integrated Information Service Platform on the network of Jiangxi Broadcasting.
THE COOPERATION AGREEMENT. On 8 December 2017, Merchants Nanjing (an indirect non wholly-owned subsidiary of the Company) and Nanjing Vanke entered into the Cooperation Agreement, pursuant to which Nanjing Vanke has agreed to transfer 14.28% of the registered capital of Nanjing Huihe to Merchants Nanjing and Merchants Nanjing has agreed to bear the Previous Contribution made by Nanjing Vanke for acquiring and developing the Nanjing Land in proportion to its proposed shareholding in Nanjing Huihe together with the related fund possession fee in the total amount of approximately RMB806,324,017. The principal terms of the Cooperation Agreement are summarised as follows: Date
THE COOPERATION AGREEMENT. On 18 January 2019, the Company entered into the Cooperation Agreement with YEEPG in respect of the cooperation contemplated under the objective of protection of the Yangtze River. Pursuant to the Cooperation Agreement, the Company and YEEPG agreed, among other things, to cooperate in the aspects of cooperative cities, project business and research, in order to further the work on urban sewage treatment and contribute to the cleanliness of the water in the Yangtze River. Subject to the signing of formal agreements by the Company and YEEPG, under the Cooperation Agreement, the Company and YEEPG shall work together on certain scopes of cooperation from the date of its signing.
THE COOPERATION AGREEMENT. On 18 January 2019 (after trading hours), the Company entered into the Cooperation Agreement with YEEPG in respect of the cooperation contemplated under the objective of protection of the Yangtze River. Pursuant to the Cooperation Agreement, the Company and YEEPG agreed, among other things, to cooperate in the aspects of cooperative cities, project business and research, in order to further the work in urban sewage treatment and contribute to the cleanliness of the water in the Yangtze River. Subject to the signing of formal agreements by the Company and YEEPG, under the Cooperation Agreement, the Company and YEEPG shall work together on the following scopes of cooperation from the date of its signing. Cooperation in research The Company and YEEPG shall jointly establish the Yangtze River protection technology and economic research platform. The platform will study the mission framework, policies, compensation mechanisms, multi-synergy collaboration, environmental governance and regional economic development in relation to the protection of the Yangtze River. The platform will identify, incubate, apply and trade on domestic and foreign advanced technologies, form its own brand and export its model. Cooperation in business The Company and YEEPG intend to cooperate in various cities. The selection of the cooperative cities is based on the respective reserve assets and geographical advantages of the Company and YEEPG, taking into account the relevant national requirements. The cooperation will start with urban sewage treatment, and gradually extend to fields including city water supply, pipe network, comprehensive water control, solid waste treatment and so on. Recent cooperative cities The Company and YEEPG intend to jointly establish city investment companies and city services companies in Nanjing and Changsha (including Liuyang). Upon preliminary agreement between the Company and YEEPG, the city investment companies are intended to be controlled by the YEEPG while the city services companies are intended to be controlled by the Company. For projects that are jointly determined and acquired by the Company and YEEPG, the project construction, operation and management shall in principle be brought into the city investment companies, the city services companies or other platforms to be formed by the Company and YEEPG. The Company and YEEPG intend to engage in the integration of Nanjing and Changsha (including Liuyang) reserve water market and the development o...
THE COOPERATION AGREEMENT. On 22 December 2015, the Company, Nanjing Langming, Nanjing Xinhuisheng, Landsea Group and Minsheng Royal Asset Management entered into the Cooperation Agreement pursuant to which the parties agreed that, among other things, (i) Minsheng Royal Asset Management would establish the Asset Management Scheme; (ii) Nanjing Langming (as asset entrustor) would enter into the Asset Management Contract with Minsheng Royal Asset Management (as asset manager), China Minsheng (as asset custodian) and other Stakeholders pursuant to which, among other things, Nanjing Langming would participate in the Asset Management Scheme by subscribing for the Junior Stake and depositing an investment amount of RMB300,000,000 into the designated account with China Minsheng;
