BOARD’S APPROVAL Sample Clauses

BOARD’S APPROVAL. The 2021 Supplemental Food and Beverage Leasing Agreement was approved by the Board. As at the date of this announcement, there are no overlapping directors between the Company and each of the Parent Company or Beijing Airport Food Management. Certain executive and non-executive Directors concurrently serve as the general manager and deputy general managers of the Parent Company only, and there is no overlapping senior management between the Company and Beijing Airport Food Management. Moreover, none of the Directors personally has any material interest in the transactions contemplated under the 2021 Supplemental Food and Beverage Leasing Agreement. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the 2021 Supplemental Food and Beverage Leasing Agreement and the transactions contemplated thereunder. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Airport Food Management is a wholly-owned subsidiary of the Parent Company, Beijing Airport Food Management is therefore a connected person of the Company. Therefore, the transactions contemplated under the 2021 Supplemental Food and Beverage Leasing Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, as the 2021 Supplemental Food and Beverage Leasing Agreement constitutes a material change to the terms of the 2017 Food and Beverage Leasing Agreement (as amended by the 2020 Supplemental Food and Beverage Leasing Agreement), the Company will be required to re-comply with the relevant requirements of Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the 2021 Supplemental Food and Beverage Leasing Agreement is more than 0.1% but less than 5%, the transactions contemplated thereunder are subject to the annual review, reporting and announcement requirements, but are exempt from the Independent Shareholdersapproval requirements under Chapter 14A of the Listing Rules.
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BOARD’S APPROVAL. The Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and Beijing Jingrui. Moreover, while the executive Directors and the non- executive Directors concurrently serve as director, senior management or hold other senior position(s) of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Service Building Staff Restaurant Services Management Agreement entered into by the Company and Beijing Jingrui. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder, including the annual caps. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company as at the date of this announcement. Since Beijing Jingrui is a wholly-owned subsidiary of Beijing Airport Tourism Business, and Beijing Airport Tourism Business is a wholly-owned subsidiary of the Parent Company, Beijing Jingrui is therefore a connected person of the Company. Accordingly, the Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Service Building Staff Restaurant Services Management Agreement is more than 0.1% but less than 5%, the Service Building Staff Restaurant Services Management Agreement is subject to the reporting, announcement and annual review requirements, but is exempt from the Independent Shareholdersapproval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The Agreements were approved by the Board. Since no Director has material interest in the transactions contemplated under the Agreements, thus none of the Directors abstained from voting at the Board’s meeting to approve the Agreements.
BOARD’S APPROVAL. The Land Lease Framework Agreement, the Gold Refinery Agreement, the Informatization Services Framework Agreement and the Property Lease Framework Agreement were approved by the Board on 31 December 2020 and none of the Directors has any material interest in the transactions contemplated thereunder. Xx. Xxxx Xxxxxxx and Xx. Xxx Xxxxxxxxx have abstained from voting at the Board’s meeting to approve the Land Lease Framework Agreement, the Gold Refinery Agreement, the Informatization Services Framework Agreement and the Property Lease Framework Agreement by virtue of being management staffs of Xxxxxxxx Xxxxxxx. LISTING RULES IMPLICATIONS As at the date of this announcement, Xxxxxxxx Xxxxxxx is the controlling Shareholder of the Company. Zhaojin Refinery is a subsidiary of Shandong Zhaojin and is therefore a connected person of the Company, and Goldsoft Technology is a subsidiary of the Company. Accordingly, the transactions contemplated under the Land Lease Framework Agreement, the Gold Refinery Agreement, the Informatization Services Framework Agreement and the Property Lease Framework Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Given that the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of each of the Land Lease Framework Agreement, the Gold Refinery Agreement, the Informatization Services Framework Agreement and the Property Lease Framework Agreement is more than 0.1% but less than 5%, the transactions contemplated under the Land Lease Framework Agreement, the Gold Refinery Agreement, the Informatization Services Framework Agreement and the Property Lease Framework Agreement are subject to the reporting and announcement requirements but are exempt from the independent Shareholdersapproval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The BGS Premises Leasing Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and BGS. Moreover, while the executive Directors and the non-executive Directors concurrently serve as director or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the BGS Premises Leasing Agreement entered into by the Company and BGS. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the BGS Premises Leasing Agreement and the transactions contemplated thereunder, including the annual caps. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. BGS is a non- wholly-owned subsidiary of the Parent Company. As such, BGS is an associate of the Parent Company and therefore a connected person of the Company. Accordingly, the BGS Premises Leasing Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) in respect of the BGS Premises Leasing Agreement is more than 0.1% but less than 5%, the BGS Premises Leasing Agreement and the transactions contemplated thereunder are subject to the reporting, annual review and announcement requirements, but exempt from the Independent Shareholdersapproval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The Supplemental Frequent Traveller Paid Membership Management Agreement was approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and CAVIP. Moreover, while the executive Directors and the non-executive Directors concurrently serve as directors or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Supplemental Frequent Traveller Paid Membership Management Agreement entered into between the Company and CAVIP. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Supplemental Frequent Traveller Paid Membership Management Agreement and the transactions contemplated thereunder. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since CAVIP is a wholly-owned subsidiary of the Parent Company, CAVIP is therefore a connected person of the Company. Accordingly, the Supplemental Frequent Traveller Paid Membership Management Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, as the Supplemental Frequent Traveller Paid Membership Management Agreement constitutes a material change to the terms of the Frequent Traveller Paid Membership Management Agreement, the Company is required to re-comply with the relevant requirements of Chapter 14A of the Listing Rules. The existing annual caps under the Frequent Traveller Paid Membership Management Agreement as disclosed in the 2022 Announcement remain unchanged. As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the Supplemental Frequent Traveller Paid Membership Management Agreement is more than 0.1% but less than 5%, the Supplemental Frequent Traveller Paid Membership Management Agreement and the transactions contemplated thereunder are subject to the reporting, annual review and announcement requirements, but are exempt from the Independent Shareholdersapproval requirement under Chapter 14A of the Listing Rules.
BOARD’S APPROVAL. The Operation and Maintenance Services Framework Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and Beijing Bowei. Moreover, while the executive Directors and the non- executive Directors concurrently serve as director, senior management or hold other senior position(s) of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Operation and Maintenance Services Framework Agreement entered into by the Company and Beijing Bowei. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Operation and Maintenance Services Framework Agreement and the transactions contemplated thereunder, including the annual caps. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Bowei is wholly-owned by the Parent Company, Beijing Bowei is therefore a connected person of the Company. Accordingly, the Operation and Maintenance Services Framework Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. Since the highest of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Operation and Maintenance Services Framework Agreement is more than 5%, such transactions are subject to the reporting, annual review, announcement and the Independent Shareholdersapproval requirements under Chapter 14A of the Listing Rules.
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BOARD’S APPROVAL. The twenty-third meeting of the eighth session of the Board of the Company has approved the transactions under the Entrusted Loan Framework Agreement and the Entrusted Loan Agreement. None of the Directors has any material interests in the Entrusted Loan Framework Agreement and the Entrusted Loan Agreement. Those connected Directors, namely Xxxx Xxxxxxx, Xx Xxxxxxx and Xxxxx Xxxxxxx (all of whom are the key management personnel of CDC), have abstained from voting for approval of such resolution in accordance with the listing rules of the Shanghai Stock Exchange.
BOARD’S APPROVAL. Xx. Xxxxx Xxx-xxxx, Xxxxx, Xx. Xxxxx Chi-kong, Xxxxxx and Xx. Xxxx Man-xxxx, Xxxxx are common directors of NWDS and the Company. Xx. Xxxx Man-xxxx, Xxxxx holds directorships in companies controlled by NWDS. None of the Directors has a material interest in the Termination Agreement, and accordingly, none of them is required to abstain from voting on the relevant board resolutions. The Termination Agreement has been approved by way of written resolutions by all Directors.
BOARD’S APPROVAL. None of the Directors has a material interest in the transaction under the Substitutive Power Generation Agreement. Connected Directors, namely Xxxx Xxxxxxx, Xx Xxxxxxx and Xxxxx Xxxxxxx, being the key management members of CDC, have abstained from voting on this resolution at the relevant Board meeting pursuant to the listing rules of the Shanghai Stock Exchange.
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