Annual Caps. The annual caps for the transactions under the New Processing Agreement for each of the three years ending 31 December 2019 are RMB66,000,000, RMB72,000,000 and RMB80,000,000. Such annual caps are determined based on (i) the historical transaction value of the dyeing and printing services provided by Haosha Garments to Haosha Industry; (ii) the prevailing market price of similar processing services; and (iii) the expected increase in demand for such services by Haosha Industry in the coming three years.
Annual Caps the maximum aggregate annual value under the New Licence Agreement
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
Examples of Annual Caps in a sentence
Since each of the applicable percentage ratios with reference to each of the Annual Caps for the Product Supply Agreement is more than 0.1% but less than 2.5%, the continuing connected transactions under the Product Supply Agreement are subject to reporting and announcement requirements under Rules 14A.45 to 14A.47 of the Listing Rules but exempt from the independent Shareholders’ approval requirement under Rule 14A.34 of the Listing Rules.
The Directors (including the independent non-executive Directors but excluding Xx. Xxxx Bun and Xx. Xxxxxx Xxxxxxxxx Xxxxxxxxx) believe that the terms of the Product Supply Agreement and the Annual Caps are fair and reasonable and are in the best interests of the Company and the Shareholders as a whole.
More Definitions of Annual Caps
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
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
Annual Caps has the meaning ascribed to it in Clause 4.1; "BSC" has the meaning ascribed to it in Recital (A);
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
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;
Annual Caps the expected maximum aggregate annual amounts of the transactions under the Product Supply Agreement for the period between the date on which the announcement on the Product Supply Agreement is published to 31 December 2009 and for the three years ending 31 December 2010, 31 December 2011 and 31 December 2012 as set out in the paragraph headed “Annual Caps” in this announcement
Annual Caps the proposed annual maximum aggregate value for the sale of the Products by the Group to the Precious Dragon Group under the New Master Supply Agreement for three years from 1 January 2022 to 31 December 2024 (both days inclusive) “associates” has the meaning ascribed to it under the Listing Rules