Transfer Target. Party A agrees to transfer 100% share equities and related interests of Shanghai Huadong Auto Rental Co., Ltd. as well as its creditor’s rights of RMB2.5 million to Party B with consideration. The target of equity transfer shall include all the current or future rights affiliated to such share equities upon the signing of this Contract.
Transfer Target. 本协议项下标的股权，是指本协议转让方持有的目标公司 %股权。 Target equity interest in this agreement refers to % equity interest the transferer hold.
Transfer Target the equity exchange contemplated by this Contract shall refer to the transfer with consideration of the equities or shares of the target enterprise owned by the capital contributors or the shareholders. Transfer target refers to the target of such equity exchange, including all or part of the investment interests of a non-corporate enterprise, all or part of shares of a limited liability company, non-listed stock company or a stock cooperative enterprise, and other capital interests that are transferable in accordance with laws.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and all the security interests under the Finance Lease Agreement. The Leased Assets are the roadway assets and ancillary facilities of a highway located in Guangxi Province, the PRC. The appraised value of the Leased Assets is approximately RMB1,167,505,663 in total. The Asset Transferor does not separately calculate the profits before and after tax of the Transfer Target. Lease Period 180 months
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and corresponding security interests under the Finance Lease Agreement. The Leased Assets are the fixed assets of a toll bridge located in Guangdong Province, the PRC. The net book value of the Leased Assets is approximately RMB824,644,689 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and all the security rights under the Finance Lease Contract. The Leased Assets comprise the transport hub operation facilities and other fixed assets located in Zhejiang Province, the PRC. The net book value of the Transfer Target as at the signing of the Asset Transfer Agreement is approximately RMB1,000,000,000 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target. Transfer Consideration and Method of Payment Transfer consideration is RMB1,002,170,000 in total. Pursuant to the Asset Transfer Agreement, the transfer consideration shall be paid by the Asset Transferee to the Company in one lump sum on 19 January 2022. The terms of the Asset Transfer Agreement (including the transfer consideration) were determined upon arm’s length negotiation between the Asset Transferee and the Asset Transferor with reference to the remaining lease principal of the Transfer Target, prevailing business practices and the financial position of the transaction counterparty.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and all the security interests under the Finance Lease Contract. The Leased Assets are certain wind power equipment items located in Shandong Province, the PRC. The net book value of the Leased Assets is approximately RMB600,000,000 in total. Due to preferential tax treatment for the first three years upon grid connection, the Transfer Target recorded the equivalent profits before and after tax of for the two years ended 31 December 2019 and 2020, which was RMB- 8,851.13 and RMB10,302.27 respectively. Lease Period 115 months
Transfer Target. The Transfer Target comprises the ownership of Leased Assets and creditor’s rights of the rent receivables under the Finance Lease Agreement. The Leased Assets are the subway equipment and other assets located in Sichuan Province, the PRC. The net book value of the assets is approximately RMB1,257,809,388 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and corresponding security interests under the Finance Lease Agreement. The Leased Assets are the assets of a highway located in Shanxi Province, the PRC. The net book value of the Leased Assets is approximately RMB1,726,666,667 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and all security interests under the Finance Lease Agreement. The Leased Assets are the road assets and ancillary facilities of a highway segment located in the Guangxi Zhuang Autonomous Region, the PRC. The aggregate net appraised value of the Leased Assets is approximately RMB1,475,054,560. The Asset Transferor does not separately calculate the profits before and after tax of the Transfer Target. Lease Period 180 months Rent Receivables and Method of Payment Rent receivables are the rent (including value-added tax) under the Finance Lease Agreement, comprising the lease principal and lease interest. The lease principal is consistent with the transfer consideration, totalling RMB800,000,000. The lease interest is calculated based on actual days, and the calculation method is lease interest = outstanding lease principal balance × actual days of the lease period × annual lease interest rate ÷ 360. The total amount of lease interest for the lease period is approximately RMB333,754,655. The rent is calculated and paid in RMB, and divided into 30 consecutive rent payment instalments. The payment date of the first instalment of rent is 20 May 2021, and 20 May and 20 November of every subsequent year will be the respective rent payment dates. The payment of the last instalment of rent shall be settled on 20 November 2035. The terms of the Asset Transfer Agreement (including the transfer consideration) were determined upon arm’s length negotiation between the Asset Transferee and the Asset Transferor with reference to the net appraised value of the Transfer Target, current business practice, and the financial position of the transaction counterparty. Guarantee Guangxi Communications Investment Group Co., Ltd. (廣西交通投資集團有限公司) provides a joint liability guarantee for the obligations of the Lessee under the Finance Lease Agreement.
