Investment scope. The Asset Manager shall invest the Entrusted Assets in the economic rights to the revenue from the accounts receivables (the “Accounts Receivables Rights”) belonging to a construction company in Shanghai (the “Investee”). The Asset Manager and the Investee have entered into an agreement for the transfer and repurchase of the Accounts Receivables Rights (the“Transfer and Repurchase Agreement”), pursuant to which the Investee agreed to transfer the Accounts Receivables Rights to the Asset Manager at a consideration of RMB30,000,000 and repurchase the Accounts Receivables Rights from the Asset Manager on the expiry date of the Transfer and Repurchase Agreement, which is contemplated to be 18 December 2014. The repurchase price is equivalent to the sum of RMB30,000,000 paid by the Asset Manager in acquiring the Accounts Receivables Rights (the “Base Amount”) and a premium of 7.5% over the Base Amount. For the purpose of ensuring the repurchase obligation of the Investee as mentioned above and maximising the protection afforded to the Asset Manager, the Asset Manager and the Investee had entered into a pledge agreement, pursuant to which the Investee has agreed to provide collateral to the Asset Manager in the form of its accounts receivables in the amount of RMB54,000,000 relating to a construction contract awarded to the Investee by a major contractor for the construction of a commercial services centre in Shanghai and the rights accrued thereto. Entrustment period The entrustment period of the Asset Management Agreement is no more than one year from the day the Entrusted Assets are entrusted to the Asset Manager for management. The expected early termination date of the Asset Management Agreement is 25 December 2014, after which the entrustment period shall be automatically terminated. Performance return The expected annual return on the Entrusted Assets under the Asset Management Agreement is 7.5%, exclusive of the management fee and custodian fee mentioned below. Management fee and custodian fee Under the Asset Management Agreement, SumZone Advertising as the Asset Investor has to pay a management fee to the Asset Manager and a custodian fee to the Custodian. The management fee to be charged by the Asset Manager shall be calculated as follows: Management fee = (the principal amount of the Entrusted Assets) x (management fee rate) x (total number of days of entrustment of the Entrusted Assets)/365 The management fee rate is 0.46% per annum. The management f...
Investment scope. The Manager shall manage and invest the Entrusted Assets in accordance with the instructions of the Assets Trustor. The investment scope of the Entrusted Assets shall be limited to various investment products including the beneficiary rights to limited partnership, rights to trust income, asset management plans of securities companies and fund accounts. Entrusted management period The term of the Asset Management Agreement is one year from the day of entrusting the Entrusted Assets (i.e. 22 August 2013 to 21 August 2014), subject to early termination in accordance with the relevant laws of the PRC, in accordance with the terms of the Asset Management Agreement, by request of the relevant regulatory bodies or by mutual agreement. Management fee and custodian fee The daily management fee to be charged by the Manager shall be calculated as follows: Daily management fee = (total Entrusted Assets) x (management fee rate) x (total number of days of investment and management of the Entrusted Assets)/360 The management fee rate is 0.2% per annum. The management fee shall be a one-off payment deducting from the Entrusted Assets and is payable within five business days from the day of entrusting the Entrusted Assets. The daily custodian fee to be charged by the Custodian shall be calculated as follows: Daily custodian fee = (total Entrusted Assets) x (custodian fee rate) x (total number of days of entrustment of the Entrusted Assets)/360 The custodian fee rate is 0.02% per annum. The custodian fee shall be a one-off payment deducting from the Entrusted Assets and is payable within five business days from the termination date of the Asset Management Agreement or early termination date by mutual agreement. Performance return There is no performance return to be charged by the Manager. Withdrawal of Entrusted Assets During the entrusted management period, the Assets Trustor may withdraw part of the amount of the Entrusted Assets provided that the remaining balance of the Entrusted Assets in the account shall not be less than RMB1 million.
Investment scope. Investment of enterprise annuity funds shall be strictly subject to restrictions for investment scope and investment percentages set forth in the Administrative Measures for Enterprise Annuity Funds (Order No. 11 of the Ministry of Human Resources and Social Security), Notice of the Ministry of Human Resources and Social Security on Adjusting the Investment Scope of Enterprise Annuity Funds (RenSheBuFa[2020] No. 95) and other applicable regulations. Within the term of the supplementary terms for the investment management, the investment policy shall be adjusted accordingly as required by regulatory bodies or the Entrusters in case of changes in requirements of regulatory bodies for the investment scope and percentages or individualized requirements of the Entrusters for plan management. The Trustees shall notify their investment managers of the adjusted investment policy. Asset Class Investment Percentage Description of investment types Liquid assets [5%, 100%] Including current deposits of less than one year (inclusive), central bank bills, interbank deposit receipts, government bonds with maturity less than one year (inclusive), policy or development bank bonds with maturity less than one year (inclusive), bond repurchase, money market funds, currency based pension products. Liquidation provisions, securities clearing funds and securities subscription funds in the primary market are deemed as liquid assets Fixed income [0, 135%] Including, among others, term deposits longer than one year, standard debt assets, trust products, debt investment schemes, bond funds, fixed income pension products and hybrid pension products. Those included in the category of liquid assets are not repetitively treated as fixed income assets. Standard debt assets, either publicly offered or privately offered, include government bonds, central bank bills, interbank deposit receipts, bonds of policy or development banks, as well as financial bonds, corporate bonds, debentures, convertible bonds, exchangeable bonds, (ultra) short-term financing bonds, medium-term bills, private directional debt financing instruments, credit asset backed securities, asset backed bills, and asset backed securities listed and traded on stock exchanges Equity [0, 40%] Including shares, equity funds, hybrid funds, equity based pension products (including equity specific pension products)
Investment scope. 7.1.1 The Partnership acquires 25% of the equity interests of the target company (hereinafter referred to as the “Target Equity”) from iKang Guobin Health Checkup Management Group Co., Ltd. (hereinafter referred to as “iKang Health”).
Investment scope. Strictly observing restrictions for investment scope and investment percentages set forth in the Administrative Measures for Enterprise Annuity Funds (Order No. 11 of the Ministry of Human Resources and Social Security), Notice on Expanding the Investment Scope of Enterprise Annuity Funds (RenSheBuFa[2013] No. 23) and other applicable regulations, the investment scope and objects are limited to financial instruments with good liquidity, including shares and bonds issued and listed according to applicable laws in China and other financial products suitable for investment according to applicable laws, regulations or permitted by China Securities Regulatory Commission. Within the term of the Agreement, the investment policy shall be adjusted accordingly as required by regulatory bodies in case of changes in requirements of regulatory bodies for the investment scope and percentages. Asset Class Investment Percentage Description of investment types Money markets [5%, 100%] Including current deposits, central bank bills, term deposits of less than one year (inclusive), bond repurchase, money market funds, currency based pension products, and liquidation provisions, securities clearing funds and securities subscription funds in the primary market are deemed as liquid assets Fixed income [0, 135%] Including term deposits longer than one year, negotiated deposits, government bonds, financial bonds, debentures, convertible bonds (including detachable convertible bonds), short-term financing bonds, medium-term bills, universal insurance products, as well as wealth management products issued by commercial banks, trust products, infrastructure debt investment plans, specific asset management plans, bond funds, investment linked insurance products (equity investment percentage not higher than 30%), fixed income pension products and hybrid pension products Equity [0, 30%] Including shares, equity funds, hybrid funds, investment linked insurance products (equity investment percentage higher than 30%), equity based pension products
Investment scope. The investment scope of the Merger Fund is to establish New Store Companies or purchase equity interest in the Existing Store Companies, operate and manage the Store Assets, and participate the building of the big health industry. The idle funds may be used to purchase bank deposits, wealth management products, monetary fund or other low risk fixed income products. The number of New Store Companies or the purchased Existing Store Companies for each investment shall not be less than five (5), subject to the decision made by the investment decision-making committee according to the procedure specified herein and in the Partnership Agreement.
Investment scope. 10.1.1 The Partnership Enterprise sets up a special fund, and will invest specifically in a single strategic placement project to be listed on the SSE STAR Market (“Investment Project”) that is specified by the GP. The specific amount to be invested by the Partnership Enterprise in the Investment Project is limited to the cash balance available when the investment amount of the Partnership Enterprise is payable to the Investment Project, and shall be subject to the available investment quota apportioned to the Partnership Enterprise from the Investment Project, laws and regulations, and the relevant subscription money adjustment mechanism specified in the strategic placement agreement. The investment amount apportioned to the GP and each LP in the Investment Project is a percentage of the actual amount invested by the Partnership Enterprise to the Investment Project, and the percentage is equal to a ratio of the paid-in capital contribution of the GP or each LP in the Partnership Enterprise to the total paid-in capital contributions of the Partnership Enterprise.
Investment scope. The Assets Manager shall manage and invest the Entrusted Assets in accordance with the instructions of the Assets Trustor. The investment scope of the Entrusted Assets shall be limited to various financial products with good liquidity, including (i) A Shares traded in Shanghai and Shenzhen Stock Exchanges, closed-end funds, ETF funds, LOF funds, bonds and reverse repurchase bonds issued by the governments, convertible bonds, money market funds, purchase of new shares and bank deposits and other financial instruments as are approved by relevant regulatory institutions; and (ii) other financial instruments which can be invested by fund investment companies as approved by relevant laws, regulations or China Securities Regulatory Commission.
