Settlement Services and Other Financial Services Sample Clauses

Settlement Services and Other Financial Services. All the applicable percentage ratios of the historical amounts paid by the Company to Huadian Finance for the settlement services and other financial services under the Existing Financial Services Agreement for the financial years ended 31 December 2015 and 2016 and the nine months ended 30 September 2017 were below 0.1%. Accordingly, such transactions are exempt continuing connected transactions under the Hong Kong Listing Rules and are not subject to announcement, circular and Independent Shareholders’ approval requirements.
Sample 1
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Settlement Services and Other Financial Services. As all the applicable Percentage Ratios in respect of the service fees payable by the Group to Yili Finance, in aggregate, for the Settlement Services and Other Financial Services under the Financial Services Framework Agreement on an annual basis are expected to be less than 0.1% and therefore fall below the de minimis threshold under Rule 14A.76 of the Listing Rules; and the terms of such services shall be on normal commercial terms or better, the Settlement Services and Other Financial Services are fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. Mr. Xxx Xxxxxxxx, Xx. Xxxxx Xxxxxxxxx and Xx. Xxxxx Xxxxxx are Directors nominated by Xxxx Industrial and therefore are considered to have a material interest in the Financial Services Framework Agreement and the transaction contemplated thereunder. As such, each of Mr. Xxx Xxxxxxxx, Xx. Xxxxx Xxxxxxxxx and Xx. Xxxxx Xxxxxx has abstained from voting on the Board resolution(s) in relation to the approval of the Financial Services Framework Agreement and the transaction contemplated thereunder. FINANCIAL SERVICES FRAMEWORK AGREEMENT The Board is pleased to announce that on 29 August 2023 (after trading hours), the Company entered into the Financial Services Framework Agreement with Yili Finance, pursuant to which Yili Finance agreed to provide a range of financial services, namely the Deposit Services, the Loan Services, the Settlement Services and Other Financial Services (as defined below), to the Group for a term commencing from 29 August 2023 to 28 August 2026. The principal terms of the Financial Services Framework Agreement are set out below. Date : 29 August 2023 Parties : (i) the Company; and (ii) Yili Finance. Term : Unless terminated earlier in accordance with the terms of the Financial Services Framework Agreement, the Financial Services Framework Agreement shall be effective from 29 August 2023 to 28 August 2026. Scope of services : Yili Finance shall provide the following financial services to the Group: (i) deposit services, under which Yili Finance shall accept deposits from the Group of up to a maximum daily balance of deposits (including the interest accrued thereon) not exceeding RMB270 million (the “Deposit Services”); (ii) loan services, including loans, commercial acceptance bills, commercial discounted bills, entrusted loans, guarantees, financial leasing and other loan services, with the ...
Sample 1
Settlement Services and Other Financial Services. As all the applicable Percentage Ratios in respect of the service fees payable by the Group to Yili Finance, in aggregate, for the Settlement Services and Other Financial Services under the Financial Services Framework Agreement on an annual basis are expected to be less than 0.1% and therefore fall below the de minimis threshold under Rule 14A.76 of the Listing Rules; and the terms of such services shall be on normal commercial terms or better, the Settlement Services and Other Financial Services are fully exempt from the reporting, annual review, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. Mr. Xxx Xxxxxxxx, Xx. Xxxxx Xxxxxxxxx and Xx. Xxxxx Xxxxxx are Directors nominated by Xxxx Industrial and therefore are considered to have a material interest in the Financial Services Framework Agreement and the transaction contemplated thereunder. As such, each of Mr. Xxx Xxxxxxxx, Xx. Xxxxx Xxxxxxxxx and Xx. Xxxxx Xxxxxx has abstained from voting on the Board resolution(s) in relation to the approval of the Financial Services Framework Agreement and the transaction contemplated thereunder.
Sample 1
Settlement Services and Other Financial Services. SPIC Financial will provide settlement and other financial services approved by the CBRC to the Group. The Company expects that the terms of such services will be on normal commercial terms or better, and each of the applicable percentage ratios as defined in Rule 14.07 of the Listing Rules of the total fees payable by the Group to SPIC Financial in respect of such services will be below the de minimis threshold. Therefore, such services will be exempted from all reporting, announcement and Independent Shareholders’ approval requirements pursuant to Rule 14A.76 of the Listing Rules.
Sample 1
Settlement Services and Other Financial Services. The Company expects that the terms of such services will be on normal commercial terms or better, and each of the applicable percentage ratios as defined in Rule 14.07 of the Listing Rules of the total fees payable by the Group to SPIC Financial in respect of the provision of settlement services (which will be free of charge) and other financial services approved by the CBRC under the Framework Agreement will be below the de minimis threshold. Therefore, such services will be exempted from all reporting, announcement and Independent Shareholders’ approval requirements pursuant to Rule 14A.76 of the Listing Rules.
Sample 1
Settlement Services and Other Financial Services. CPI Financial will provide to the Group settlement and other financial services approved by the CBRC. The Company expects that each of the applicable percentage ratios as defined in Rule 14.07 of the Listing Rules of the total fees payable by the Group to CPI Financial in respect of such services will be on normal commercial terms or better and fall within the de minimis threshold and will be exempt from all reporting, announcement and Independent Shareholders’ approval requirements under Rule 14A.76 of the Listing Rules.
Sample 1
Settlement Services and Other Financial Services. The Company expects that each of the applicable percentage ratios as defined in Rule 14.07 of the Listing Rules of the total fees payable by the Group to CPI Financial in respect of the provision of settlement services (which will be free of charge) and other financial services approved by the CBRC under the Framework Agreement will fall within the de minimis threshold and will be exempt from all reporting, announcement and Independent Shareholders’ approval requirements under Rule 14A.76 of the Listing Rules.
Sample 1
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