Controlling Shareholder Group definition
Examples of Controlling Shareholder Group in a sentence
As the Existing Master Management Agreement has expired on 4 May 2011 and the Company expects to continue the continuing connected transactions thereafter, the Company entered into the New Master Management Agreement with Maoye Holdings Limited on 10 June 2011 to govern the terms upon which the Group will provide store management services to the Controlling Shareholder Group with respect to the Store(s) for the next 3 years.
On 14 March 2019, the Company entered into the Supplemental Agreement to the New Leasing Framework Agreement with Maoye Holdings Limited to amend the duration with respect to the lease of the Premises, and the cap for the aggregate rent and miscellaneous expenses (but excluding utilities) payable by the Group to the Controlling Shareholder Group during the term of the New Leasing Framework Agreement.
Accordingly, the maximum aggregate rent and miscellaneous expenses (but excluding utilities) to be payable by the Group to the Controlling Shareholder Group for the period from 1 January 2019 to 31 August 2019 is RMB108.74 million.
At present, Shenyang Maoye operates the Jinlang Store within a property situated at the intersection between Youth Street and Wencui Road in Shenhe District in Shenyang city, Liaoning Province, which is owned by the Controlling Shareholder Group, under a lease which was entered into under the Master Leasing Agreement.
Parties: The Company Maoye Holdings Limited, a connected person Subject: Pursuant to the New Master Management Agreement, the Company agrees to provide store management services to the Controlling Shareholder Group with respect to the Store(s).