HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the historical transactions amounts between ACCA and Eastern Airlines under the Eastern Airlines System Services Agreement for the three years ended 31 December 2016 and the eleven months ended 30 November 2017: 2014 (RMB) 2015 (RMB) 2016 (RMB) 2017 (RMB) 66,302,000 74,482,600 76,084,910 79,200,000 (equivalent to (equivalent to (equivalent to (equivalent to approximately approximately approximately approximately HK$78,236,360) HK$87,889,468) HK$89,780,194) HK$93,456,000) Year ended 31 December Eleven months ended 30 November continuing connected transactions with Eastern Airlines Note: the historical transaction figures for the three years ended 2014, 2015 and 2016 are audited figures of the Group and the figure for the eleven months ended 30 November 2017 is internal management account figure.
HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the aggregated amounts of the continuing connected transactions between ACCA and China Cargo for the three years ended 31 December 2017: Year ended 31 December 2015 (RMB) 2016 (RMB) 2017 (RMB) Continuing connected 11,764,000 11,900,860 12,262,000 transactions with China (equivalent to (equivalent to (equivalent to Cargo approximately HK$14,234,440) approximately HK$14,400,041) approximately HK$14,837,020) Note: The historical transaction figures for the two years ended 2015 and 2016 are audited figures of the Group and the figure for the year ended 2017 is internal management account figure.
HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the historical transactions amounts between ACCA and Eastern Airlines (for itself and on behalf of Shanghai Airlines) under the Eastern Airlines System Services Agreement for the three years ended 31 December 2017 and the ten months ended 31 October 2018: Year ended 31 December ten months ended 31 2015 2016 2017 October 2018 (RMB) (RMB) (RMB) (RMB) continuing connected 74,482,600 76,084,910 81,909,000 97,345,000 transactions with Eastern (equivalent to (equivalent to (equivalent to (equivalent to Airlines (for itself and on approximately approximately approximately approximately behalf of Shanghai Airlines) HK$84,165,338) HK$85,975,948) HK$92,557,170) HK$109,999,850) Note: The historical transaction figures for the three years ended 2015, 2016 and 2017 are audited figures of the Group and the figure for the ten months ended 31 October 2018 is internal management account figure.
HISTORICAL TRANSACTION RECORDS. The aggregate amount paid and received by the Group in respect of the Transactions for the two years ended 31 December 2023 are set out as follows: 2022 HK$’000 2023 HK$’000 Royalties Transaction fee paid/payable 8 58 Royalties Transaction fee received/receivable - 16 Books Transaction fee received/receivable 2,520 4,492 Printing Transaction fee received/receivable 117 3,742 Total amount 2,645 8,308 ANNUAL CAP The annual cap in respect of the aggregate Transaction Fee for all the Transactions under the Framework Agreement for each of the three years ending 31 December 2026 is HK$40,000,000. The annual cap for each of the three years ending 31 December 2026 has been determined by the Company with reference to historical transaction records and the anticipated demand of the Transactions by Lion Rock and Giunti. The Group has been expanding its customers/suppliers base in Europe while Giunti is exploring to increase its sourcing from Asia. Hence, the Transactions with Xxxxxx is anticipated to increase in the coming years. INTERNAL CONTROL MEASURES The Group has implemented internal control measures for monitoring its continuing connected transactions, including (without limitation) the regular review of transaction volume by the Group’s finance department to monitor the annual cap of the Transactions. In addition, the Company’s auditors and independent non-executive Directors will conduct annual review of the Transactions and provide annual confirmations in accordance with the Listing Rules that the Transactions are conducted in accordance with the terms of the Framework Agreement, on normal commercial terms, in the interest of the Company and its Shareholders as a whole, and in accordance with the relevant pricing policies.
HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the aggregated amounts of rents of Jiaxing Property for the two years ended 31 December 2017 and the eleven months ended 30 November 2018: Year ended 31 December 2016 Year ended 31 December 2017 Eleven months ended 30 November 2018 (RMB) (RMB) (RMB) Aggregate amounts of rents of Jiaxing Property 3,563,124 (equivalent to approximately HK$4,026,330.12) 4,713,245 (equivalent to approximately HK$5,325,966.85) 4,394,075 (equivalent to approximately HK$4,965,304.75)
HISTORICAL TRANSACTION RECORDS. The historical transaction amounts for the rent and related fees in respect of the leasing of properties and/ or ancillary equipment and facilities between the Group and the CRRC Group for the three years ended 31 December 2017 are as follows: Year ended 31 December 2015 2016 2017 (RMB millions) Rent and related fees paid to the Group by the CRRC Group 10.26 5.55 6.37 Rent and related fees paid to the CRRC Group by the Group (Note) 188.42 97.40 2.33 Note: The substantial amount of rent and related fees paid to the CRRC Group by the Group was attributable to the rent for leasing the high-power IGBT production line (the “IGBT Production Line”) by the Group pursuant to the lease agreement dated 25 September 2014 entered into between 中 車 株 洲 電 力 機 車 研 究 所 有 限 公 司 (CRRC Zhuzhou Institute Co., Ltd.) and the Group (the “IGBT Lease Agreement”). The Group subsequently completed the acquisition of the IGBT Production Line on 1 December 2016. For details, please refer to the announcement of the Company dated 25 September 2014 in relation to the IGBT Lease Agreement and the announcements of the Company dated 18 May 2016 and 16 December 2016 and the circular of the Company dated 7 June 2016 in relation to the acquisition of IGBT Production Line.
HISTORICAL TRANSACTION RECORDS. Set out below are the historical transaction amounts under the Technology Services Provision Agreements for the three years ended 31 December 2017 and the ten months ended 31 October 2018: Year ended 31 December Ten months ended 31 October 2018 2015 2016 2017 (unaudited) Transactions with China Cargo and Eastern Logistics under the Technology Services Provision Agreements RMB13,049,000 (equivalent to approximately HK$14,745,370) RMB13,794,000 (equivalent to approximately HK$15,587,220) RMB14,771,000 (equivalent to approximately HK$16,691,230) RMB12,148,104 (equivalent to approximately HK$13,727,358)
HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the historical transactions amounts between ACCA, Eastern Airlines and Shanghai Airlines under the System Services Agreement for the three years ended 31 December 2019 and the seven months ended 31 July 2020: Year ended 31 December Seven months ended 31 July 0000 0000 0000 0000 (RMB) (RMB) (RMB) (RMB) System Services 81,909,000 94,255,000 104,996,000 38,466,000 Transactions (equivalent to approximately HK$90,099,900) (equivalent to approximately HK$103,680,500) (equivalent to approximately HK$115,495,600) (equivalent to approximately HK$42,312,600) Note: The historical transaction figures for the three years ended 2017, 2018 and 2019 are audited figures of the Group. The figure for the seven months ended 31 July 2020 is internal management account figure and the reason for the low figure is mainly due to the outbreak of the COVID-19 epidemic at the beginning of 2020 (the “Epidemic”). China’s economy is expected to recover its growth trend once the Epidemic is under control, which in turn may stimulate the demand for civil aviation industry. Therefore, the Directors and the management of the Company considered that the determination of the proposed annual cap for the year ending 31 December 2021 shall not make reference to the historical transaction amount for the seven months ended 31 July 2020.
HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the historical transactions amounts between ACCA, Factoring Company and Eastern Airlines under the Factoring Services Agreement from the date of entering into the Factoring Services Agreement to 31 December 2019 and the seven months ended 31 July 2020: From the date of entering into the Factoring Services Agreement to 31 December 2019 Seven months ended 31 July 2020 (RMB) (RMB) Factoring limit (being the maximum outstanding factoring balance at any time during the effective term of the Factoring Services Agreement) 920 1,470 (equivalent to approximately HK$1,012) (equivalent to approximately HK$1,617) Factoring service fees and handling charges 0 4.73 (equivalent to approximately (equivalent to approximately
HISTORICAL TRANSACTION RECORDS. Set out below is a summary of the amount of the transactions between CE Airlines and the Company contemplated under the CE Holding Technology Services and Ancillary Support Agreement and its predecessor agreement for the three years ended 31 December 2006: Year ending 31 December 2004 2005 2006 RMB152,182,000 RMB190,561,000 RMB228,760,000 (equivalent to approximately (equivalent to approximately (equivalent to approximately HK$152,182,000) HK$190,561,000) HK$228,760,000) Annual caps for the transactions contemplated under the CE Holding Technology Services and Ancillary Support Agreement As set out in the 2006 Circular, the annual caps for the transactions between CE Holding (including its subsidiaries (e.g. CE Airlines) and associated companies) and the Company contemplated under the CE Holding Technology Services and Ancillary Support Agreement for the three years ending 31 December 2008, which have been approved by the shareholders of the Company at the 2006 EGM, are as follow: Year ending 31 December 2006 2007 2008 RMB284,620,000 RMB370,120,000 RMB481,080,000 (equivalent to approximately (equivalent to approximately (equivalent to approximately HK$284,620,000) HK$370,120,000) HK$481,080,000) The amount of the transactions between CE Holding (including its subsidiaries (e.g. CE Airlines) and associated companies) and the Company during the period commencing on 1 January 2007 to 29 August 2007 is within the annual cap for the year ending 31 December 2007 mentioned above. ANNUAL CAPS Set out below is a summary of the Annual Caps of the Continuing Connected Transactions entered or to be entered between CE Airlines and the Company under the CE Airline Services Agreement for the Relevant Period: 2007 Annual Cap RMB 297,388,000 (equivalent to approximately HK$297,388,000) 2008 Annual Cap RMB 386,604,000 (equivalent to approximately HK$386,604,000) 2009 Annual Cap RMB 502,585,000 (equivalent to approximately HK$502,585,000) 2010 Annual Cap RMB 653,360,000 (equivalent to approximately HK$653,360,000) 2011 Annual Cap RMB 849,368,000 (equivalent to approximately HK$849,368,000) The Annual Caps for each of the five years ending 31 December 2011 are determined by reference to (i) the historical annual transaction amounts between CE Airlines and the Company under the CE Holding Technology Services and Ancillary Support Agreement and its predecessor agreement for the three years ended 31 December 2006; and (ii) the estimated growth of the transaction volume taking in...
