Annual Caps definition

Annual Caps. The annual caps for the transactions under the New Procurement Agreement for each of the three years ending 31 December 2016 are RMB3,000,000, RMB3,800,000 and RMB4,500,000. Such annual caps are determined based on (i) the historical transaction value of the fabric products purchased by Haosha Industry from Haosha Garments; (ii) the prevailing market price of similar products; and (iii) the expected increase in demand for such products by Haosha Industry in the coming three years.
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Annual Caps the annual cap amounts payable by the CTFJ Group to the Group, and vice versa, in respect of the Transactions for each of the three financial years ending 30 June 2020
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Annual Caps the maximum aggregate annual value under the New Licence Agreement
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Examples of Annual Caps in a sentence

  • LISTING RULES IMPLICATIONS As the relevant applicable percentage ratios in respect of the Annual Caps are more than 0.1% but less than 5%, the Framework Agreement and the Annual Caps are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.

  • Besides, the obtaining of the Aggregate Tenancy Annual Caps will help reduce the relevant administrative burden and costs on the Company in complying with the requirements under the Listing Rules.

  • An Independent Board Committee has been established to advise the Independent Shareholders in relation to the Comprehensive Services Framework Agreement, the Continuing Connected Transactions and the Proposed Annual Caps.

  • The Comprehensive Services Framework Agreement, the Continuing Connected Transactions and the Proposed Annual Caps will be subject to approval by the Independent Shareholders at the EGM by way of poll where GRGC and its associates will abstain from voting on the resolutions approving the same.

  • As all applicable percentage ratios (other than the profits ratio) as defined in Rule 14.07 of the Listing Rules in respect of the New Annual Caps are expected to be less than 5%, the Transactions are subject to the reporting and disclosure requirements and exempt from shareholders’ approval under Rule 14A.76(2) of the Listing Rules.


More Definitions of Annual Caps

Annual Caps annual caps in respect of the fees payable by Four Seas to HK Four Seas for the provision of the Services “associate” has the meaning ascribed to it in the Listing Rules
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Annual Caps has the meaning given to it under the section headed “Annual Caps” in this announcement
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Annual Caps with respect to any New Master Services Agreement, the estimated maximum aggregate annual amounts in respect of the Services Transactions contemplated thereunder for each of the FY2021, FY2022 and FY2023 “associate” has the meaning ascribed to it under the Listing Rules
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Annual Caps for the purpose of Chapter 14A of the Listing Rules, means the maximum fees payable by the Company to BOE during the two years ending 31 December 2021 and 2022 under the Trademark Licence Agreement, the details of which are set out in the paragraph headed “Historical Figures and Annual Caps” of this announcement
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Annual Caps the annual cap amounts in respect of each of the Continuing Connected Transactions for the three financial years ending 30 June 2010, 2011 and 2012, the particulars of which are set out in the section titled “Annual Caps” in this announcement “associate” has the meaning ascribed to it in the Listing Rules
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Annual Caps means the proposed annual caps for each of years ending 31 December 2011, 2012 and 2013 of the Master Sales Agreement and the Master Supplies Agreement respectively
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Annual Caps means the proposed annual caps for deposit services provided by the Eastern Air Finance Entities to the Group pursuant to the Financial Services Renewal Agreement for each of the three years ending 31 December 2017, 2018 and 2019, respectively, which is subject to Independent Shareholders’ approval at the EGM;
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