Proposed Annual. Caps for referral fees payable/paid to the Midland Group:
Proposed Annual caps and basis of determination The table below sets out the proposed annual caps for the transactions contemplated under the 2024-2026 Property Leasing Framework Agreement: For the year ended 31 December 2024 2025 2026 (RMB million) (RMB million) (RMB million) Property leasing – Proposed annual caps 45.0 63.0 75.0 The above annual caps are determined after consideration of the following:
Proposed Annual. Caps The projected sales and the proposed Annual Caps in respect of the transactions contemplated under the New Mater Supply Agreement for each of the Year 2021, Year 2022 and Year 2023 are as follows: Year 2021 Year 2022 Year 2023 Projected sales (RMB) 136,000,000 139,400,000 142,800,000 Annual Cap (RMB) 140,000,000 143,000,000 145,000,000 Such proposed Annual Caps are estimated on the principal assumptions that, for the duration of the projected period, there will not be any adverse change or disruption in market conditions, operation and business environment or government policies which may materially affect the businesses of the Group and primarily with reference to:
Proposed Annual. Cap Amounts The following table sets out the maximum principal loan outstanding, the maximum interest amount and the proposed annual cap amounts of the facility to be granted by the Company to Champion Dynasty under the New Facility Agreement for each of the following periods: From 20 November 2015 to 31 December For the year ending 31 December For the year ending 31 December From 1 January 2018 to 19 November 0000 0000 0000 0000 Maximum principal loan outstanding HK$200 million HK$200 million HK$200 million HK$200 million Maximum interest amount HK$3 million HK$20 million HK$20 million HK$18 million Proposed annual cap amounts HK$203 million HK$220 million HK$220 million HK$218 million The above proposed annual cap amounts are determined with reference to the aggregate principal amount outstanding under the facility to be granted by the Company and the annual interest payable under the New Facility Agreement, based on the assumption that Champion Dynasty will borrow up to HK$200 million for each of (i) the period from 20 November 2015 to 31 December 2015; (ii) the year ending 31 December 2016; (iii) the year ending 31 December 2017; and (iv) the period from 1 January 2018 to 19 November 2018, respectively. Pursuant to the New Facility Agreement, it is agreed that Champion Dynasty shall pay interest on the aggregate principal amount outstanding under the facility from time to time at the interest rate of 10% per annum and such interest shall be paid to the Company on the last day of each interest period which means one month. Information on the Company and Reasons for the renewal of the Facility Agreement The Group is mainly engaged in the development of health industry and investment and finance businesses. The Group has formulated its strategy, an emphasis of which is placed on the healthcare business that covers the healthcare industry chain of pharmaceuticals and foodstuff products and to promptly establish its market presence in the industry through acquisition, merger and restructuring. To this end, on 28 August 2015, the Company entered into the CB Placing Agreement in relation to the placing of the Convertible Bonds of up to an aggregate principal amount of HK$300 million. The net proceeds from the Convertible Bonds will be used as the general working capital of the Group and investments in the potential business opportunity, if any. For details, please refer to the announcement of the Company dated 28 August 2015. On 16 September 2015, the Company...
Proposed Annual. Caps and the Basis of Determination The table below sets out the proposed annual caps for the three years ending 31 December 2021: Unit: RMB in millions For the year ending 31 December 2019 2020 2021 Annual caps for factoring business 2,000 2,000 2,000 The proposed annual caps are estimated based on the possible amount and value of the factoring services to be provided by Datang Factoring Company to the Group with reference to the anticipated demands of the factoring services of the Company. The above proposed annual caps are determined after taking into account that (among others):
Proposed Annual caps for the Master Sale and Purchase (2019) Agreement The annual caps for the aggregated transactions under the Master Sale and Purchase (2019) Agreement are determined by reference to, among other things,
Proposed Annual. Caps As for the Finance Lease Transactions under the 2020-2022 Finance and Lease Service Framework Agreement, the total fee payable is the sum of the rental fee, the handling fee and the buy-back fee, and the total rental fee payable under the Finance Lease Transactions equals to the sum of the principal and the interest payable under each Finance Lease Agreement for the entire lease period for each of the Leased Aircraft, Leased Aircraft Related Assets and Leased Aviation Related Equipment. In arriving the proposed total rental fee (including principal and interest) payable under the Finance Lease Transactions, (i) considering the purchase price of aircraft of the same model and same age as the Leased Aircraft in the domestic market, (ii) considering the lease period for each of the Leased Aircraft would be 10-12 years and the lease period for each of the Leased Aircraft Related Assets would be 12 years as disclosed above, the Company adopted the prevailing benchmark interest rate of 4.9%, which is the benchmark interest rate for RMB loan for over five years set by the PBOC (the “PBOC 5 Years Benchmark Rate”) for the calculation; and (iii) considering the lease period for each of the Leased Aviation Related Equipment would be five years as disclosed above, the Company adopted the prevailing benchmark interest rate of 4.75%, which is the benchmark interest rate for RMB loan for 1-5 years set by the PBOC (the “PBOC 1-5 Years Benchmark Rate”, together with the PBOC 5 Years Benchmark Rate, the “PBOC Benchmark Rates”). When the Company entering into the separate Finance Lease Agreement for each of the Leased Aircraft, Leased Aircraft Related Assets and Leased Aviation Related Equipment, the actual interest rate will be set at a premium or discount with a fix percentage to the PBOC Benchmark Rates. During the term of the Finance Lease Agreement(s), if the PBOC Benchmark Rates is adjusted by the People’s Bank of China, the interest rate for the Finance Lease Transactions shall be adjusted accordingly in the same direction. Based on the previous proposals received by the Company from the independent third parties, the interest rate usually would not be higher than the relevant PBOC Benchmark Rates. The Company believes that it would be appropriate to adopt the PBOC Benchmark Rates in arriving the proposed total interest payable under the Finance Lease Transactions, after considering that the PBOC Benchmark Rates is commonly adopted in finance lease transactions i...
Proposed Annual. Cap Any party wishing to renew the Membership Promotion Framework Agreement shall notify the other party in writing within 30 days before its expiration. Such renewal will be subject to the procedures (if necessary) required by relevant laws and regulations, articles of association of the parties and relevant regulatory requirements. The proposed annual cap, being the promotion fees payable by Horgos Company to Yulong Shenzhen, of the Membership Promotion Framework Agreement for the year ending 31 December 2016 is set out below: Year ended 31 December 2016 (RMB) Proposed annual cap (tax inclusive) 218,000,000 Xxxxxx Xxxxxxxx did not provide any Membership Promotion Services to Horgos Company in the past. The proposed annual cap set out above was determined based on the following:
Proposed Annual. Cap Any party wishing to renew the EUI Promotion Framework Agreement shall notify the other party in writing within 30 days before its expiration. Such renewal will be subject to the procedures (if necessary) required by relevant laws and regulations, articles of association of the parties and relevant regulatory requirements. The proposed annual cap, being the promotion fees payable by Le Co. to Yulong Shenzhen, of the EUI Promotion Framework Agreement for the year ending 31 December 2016 is set out below: Year ended 31 December 2016 (RMB) Proposed annual cap (tax inclusive) 25,900,000 Xxxxxx Xxxxxxxx did not provide any EUI Promotion Services to Le Co. in the past. The proposed annual cap set out above was determined based on the following:
Proposed Annual. Cap Any party wishing to renew the Advertisement Promotion Framework Agreement shall notify the other party in writing within 30 days before its expiration. Such renewal will be subject to the procedures (if necessary) required by relevant laws and regulations, articles of association of the parties and relevant regulatory requirements. The proposed annual cap, being the promotion fees payable by Le Co. to Xxxxxx Xxxxxxxx, of the Advertisement Promotion Framework Agreement for the year ending 31 December 2016 is set out below: Year ended 31 December 2016 (RMB) Proposed annual cap (tax inclusive) 28,800,000 Xxxxxx Xxxxxxxx did not provide any Advertisement Promotion Services to Le Co. in the past. The proposed annual cap set out above was determined based on the following:
