Ping An definition
Examples of Ping An in a sentence
The transactions under the Ping An Bank Structured Deposit Products Agreements shall be aggregated in accordance with Rule 14.22 of the Listing Rules.
When entering into the Ping An Bank Structured Deposit Product Agreements with respect to the aggregate of the total subscription amount of the products under the Ping An Bank Structured Deposit Products Agreements, one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) exceeds 5% but all of the ratios are below 25%.
Ping An Bank is a licensed bank established under the laws of the PRC and principally engages in banking and financial services.
The Directors (including the independent non-executive Directors) are of the view that the above- mentioned Ping An Bank Structured Deposit Products Agreements are made on normal commercial terms, are fair and reasonable and in the interest of the Company and its shareholders as a whole.
The Directors, after making all reasonable inquiries, to the best of their knowledge and belief, each of Ping An Bank and its ultimate beneficial owner is a third party independent of the Company and its connected persons.
Ping An Bank has the right of early termination due to force majeure or in the interest of the investing public.
The Company recently entered into the Ping An Bank Structured Deposit Product Agreement I with Ping An Bank and agreed to subscribe for a structured deposit product with a total amount of RMB300 million by using its self-owned idle funds generated from daily operation.
To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the ultimate beneficial owner of Ping An Cornerstone II is Ping An Insurance (Group) Company of China, Ltd., a joint stock limited company incorporated in the PRC and the A shares and H shares of which are listed on the Shanghai Stock Exchange (Stock Code: 601318) and the Stock Exchange (Stock Code: 2318), respectively.
Meanwhile the Company entered into the Ping An Bank Structured Deposit Product Agreement III and the Ping An Bank Structured Deposit Product Agreement IV with Ping An Bank and agreed to subscribe for structured deposit products with a total amount of RMB240 million by using its temporary idle proceeds from the public issuance of A shares.
Party B agrees and authorizes Ping An Bank to report Party B’s enterprise information and credit information, including but not limited to the credit facility information and the information having adverse effect on the information owner, to the basic database of financial credit information and other credit information service agency established according to law pursuant to Regulations on the Administration of Credit Investigation Industry.