Contributories definition
Examples of Contributories in a sentence
Accordingly, entering into the Supplemental Agreement to amend the Investors’ Agreement and establishment of the Joint Venture contemplated thereunder with China Aerospace Investment as one of the Contributories constitute a connected transaction for the Company.
With the consent of other Contributories, APT (Shenzhen) may acquire or shall use its best efforts to find other appropriate investors (including but not limited to other Contributories) to acquire the equity interest held by the Withdrawing Shareholders.
Apart from the amendment disclosed in this announcement and the change of investors of the Joint Venture from the Parties to the Contributories, no change has been made to the terms of the Investors’ Agreement disclosed under the paragraphs headed “Scope of business”, “Sharing of profits”, “Responsibilities of the Company” and “Early termination of the Investors’ Agreement” in the Previous Announcement.
As such, the Investors’ Agreement (as amended by the Supplemental Agreement) and the transactions contemplated thereunder with China Aerospace Investment as one of the Contributories are subject to the requirements of reporting, announcement and approval by the Independent Shareholders at the SGM.
In view of the interests of CASC in the Investors’ Agreement (as amended by the Supplemental Agreement), CASC, APT International and their associates will abstain from voting on the resolution approving the Investors’ Agreement (as amended by the Supplemental Agreement) and the transactions contemplated thereunder with China Aerospace Investment being one of the Contributories at the SGM.
If the acquisition of equity interest by APT (Shenzhen) is not agreed by other Contributories or APT (Shenzhen) is unable to find other appropriate investors, the equity interest of the Withdrawing Shareholders in the Joint Venture may be reduced as determined by the shareholders of the Joint Venture.