Proposed Content Production Annual Caps definition
Examples of Proposed Content Production Annual Caps in a sentence
The annual transaction amounts shall not exceed the Proposed Content Production Annual Caps and if exceeded, the Company will comply with the relevant GEM Listing Rules accordingly.
The Proposed Content Production Annual Caps in respect of amounts receivable by the Group from the GOME Retail Group under the Content Production Framework Agreement for the three years ending 31 December 2021 to 2023 are as follows: For the year ending 31 December 2021 2022 2023 (RMB’000) (RMB’000) (RMB’000) Proposed Content Production Annual Cap 30,000 34,500 40,000 The Group and the GOME Retail Group have no previous transactions on content production.
The Proposed Content Production Annual Caps for the three years ending 31 December 2023 are determined with reference to (i) the expected demand from the GOME Retail Group; (ii) the fair market rates for provision of similar services; and (iii) the expected growth of content production services driven by the competition of the entire market.
As one or more of the applicable percentage ratios calculated based on the Proposed Content Production Annual Caps exceeds 25%, the Content Production Transaction is subject to the reporting, announcement, circular, annual review and Independent Shareholders’ approval requirements under Chapter 20 of the GEM Listing Rules.