THE FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement are as follows: Parties Lessor: the Company Lessee: a limited liability company incorporated in the PRC, which is principally engaged in computing services and data services. To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, the Lessee and its ultimate beneficial owner are all independent third parties of the Company and its connected persons (as defined in the Listing Rules).
THE FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement are summarized as follows:
THE FINANCE LEASE AGREEMENT. On 23 December 2020, XYZH, as xxxxxx, entered into the Finance Lease Agreement with CNNC Leasing, as lessor, pursuant to which CNNC Leasing shall purchase the Leased Assets from XYZH for a total consideration of RMB338,000,000. The Leased Assets would then be leased to XYZH for a term of 10 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in CNNC Leasing throughout the lease period. At the end of the lease period and subject to payments by XYZH of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets, the ownership of the Leased Assets will be vested in XYZH. Date 23 December 2020 Parties Lessor: CNNC Leasing Lessee: XYZH The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by CNNC Leasing from XYZH; and (ii) the lease arrangements, details of which are set out below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, CNNC Leasing shall purchase the Leased Assets from XYZH for a total consideration of RMB338,000,000. The consideration to be paid by CNNC Leasing was determined after arm’s length negotiations between parties to the Finance Lease Agreement by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, (a) CNNC Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) completion of the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph under the section headed “Lease payments” below; and (b) CNNC Leasing having received a handling fee in the amount of RMB6,760,000 from XYZH. Lease back arrangements Pursuant to the Finance Lease Agreement, CNNC Leasing agreed to lease the Leased Assets to XYZH for a term of 10 years. The commencement date(s) of the finance lease period shall be notified by CNNC Leasing in writing.
THE FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement are summarized as follows: Date: 15 April 2021 (after trading hours)
THE FINANCE LEASE AGREEMENT. On 26 August 2020, the Lessee, as lessee, entered into the Finance Lease Agreement with CRCC Leasing, as lessor, pursuant to which CRCC Leasing shall purchase the Leased Assets II from the Lessee for a total consideration of RMB90,000,000. The Leased Assets II will then leased to the Lessee for a term of 8 years. The ownership of the Leased Assets II under the Finance Lease Agreement will be vested in CRCC Leasing throughout the lease period. At the end of the lease period and subject to payments by the Lessee of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB10,000 for the Leased Assets II, the ownership of the Leased Assets II will be vested in the Lessee. Date 26 August 2020 Parties
THE FINANCE LEASE AGREEMENT. On 14 August 2020 (after trading hours), the Lessor and the Lessees entered into the Finance Lease Agreement, pursuant to which the Lessor agreed to purchase the Leased Assets 1 from Lessee 1 at a consideration of RMB300,000,000, the Leased Assets 2 from Lessee 2 at a consideration of RMB100,000,000 and the Lease Assets 3 from Lessee 3 at a consideration of RMB100,000,000, following which the Lessor agreed to lease back such Leased Assets 1, Leased Assets 2 and Leased Assets 3 to the Lessees respectively for a term of one year from the date of purchase of such Leased Assets in return for a total lease payment of approximately RMB512,196,429.96. The key terms of the Finance Lease Agreement are as follows: Date: 14 August 2020 (after trading hours) Parties: Lessor: CITIC Financial Leasing Co., Ltd*（ 中信金融租賃有限公 司） Lessees: Datong Panda Photovoltaic Power Co., Ltd.*（ 大同熊貓光伏發電有限公司）, an indirect wholly-owned subsidiary of the Company Hainan Zhouyahui New Energy Co., Ltd.*（ 海南州亞暉新能源電力有限公司）, an indirect wholly-owned subsidiary of the Company Zhongli Talesun Gonghe Photovoltaic Power Co., Ltd.*（中利騰暉共和光伏發電有限公司）, an indirect wholly-owned subsidiary of the Company Consideration: The consideration payable by the Lessor to Lessee 1 for purchase of the Leased Assets 1 is RMB300,000,000. The consideration payable by the Lessor to Lessee 2 for purchase of the Leased Assets 2 is RMB100,000,000. The consideration payable by the Lessor to Lessee 3 for purchase of the Leased Assets 3 is RMB100,000,000. The Lessor shall pay the consideration by ways of cash and one year bank’s acceptance bill. Lease period: One year commencing on the date when the Lessor has made payment of the consideration for the Leased Assets. Lease payment: Pursuant to the Finance Lease Agreement, during the lease period, the Lessor is entitled to receive a lease payment from the Lessees, to be paid in quarterly instalment throughout the lease period. The lease payment consists of:
THE FINANCE LEASE AGREEMENT. On 18 September 2019, QXZF and BEWP, as co-lessees, entered into the Finance Lease Agreement with ICBC Leasing, as lessor, pursuant to which ICBC Leasing shall purchase the Leased Assets from the Group for a total consideration of RMB650,000,000, which shall then be leased to the co-lessees for a term of 12 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in ICBC Leasing throughout the lease period. At the end of the lease period and subject to payments by the co-lessees of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB1 for the Leased Assets, the ownership of the Leased Assets will be vested in the co-lessees. Date 18 September 2019 Parties Lessor: ICBC Leasing Co-lessees: QXZF and BEWP To the best knowledge, information and belief of the Directors having made all reasonable enquiries, ICBC Leasing and its ultimate beneficial owners are Independent Third Parties. The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by ICBC Leasing from the Group; and (ii) the lease arrangements, details of which are discussed below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, ICBC Leasing shall purchase the Leased Assets from the Group for a total consideration of RMB650,000,000, which was determined after arm’s length negotiations between the Group and ICBC Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, ICBC Leasing having received the relevant documentary proof for confirming
THE FINANCE LEASE AGREEMENT. On 20 August 2020, LBCY, as lessee, entered into the Finance Lease Agreement with SPDB Leasing, as lessor, pursuant to which SPDB Leasing shall purchase the Leased Assets from LBCY for a total consideration of RMB190,000,000, which shall then be leased to LBCY for a term of 8 years. The ownership of the Leased Assets under the Finance Lease Agreement will be vested in SPDB Leasing throughout the lease period. At the end of the lease period and subject to payments by LBCY of (i) all amounts due under the Finance Lease Agreement; and (ii) a nominal consideration of RMB1 for the Leased Assets, the ownership of the Leased Assets will be vested in LBCY. Date 20 August 2020 Parties Lessor: SPDB Leasing Lessee: LBCY The Finance Lease Agreement comprised (i) the purchase of the Leased Assets by SPDB Leasing from LBCY; and (ii) the lease arrangements, details of which are discussed below. Sale and purchase arrangements Pursuant to the Finance Lease Agreement, SPDB Leasing shall purchase the Leased Assets from LBCY for a total consideration of RMB190,000,000, which was determined after arm’s length negotiations between the Group and SPDB Leasing by reference to the prevailing market price of the Leased Assets. The payment of the consideration is conditional upon the fulfilment of certain conditions under the Finance Lease Agreement, including, among others, SPDB Leasing having received the relevant documentary proof for confirming (i) the ownership of the Leased Assets; and (ii) the applicable registration procedures in respect of certain of the pledges and guarantee as mentioned in the third paragraph headed “Lease payments” below have been completed for the Finance Lease Agreement.
THE FINANCE LEASE AGREEMENT. On 9 October 0000, Xxxxx Xxxxx Leasing, an indirect non wholly-owned subsidiary of the Company, entered into the Finance Lease Agreement with the Lessee. The principal terms of the Finance Lease Agreement are set out below. Subject matter South China Leasing will provide a finance lease with respect to the Assets to the Lessee for a term of not exceeding three years. South China Leasing will purchase the Assets from the Lessee and lease it back to the Lessee under the finance lease arrangement. The principal amount under the finance lease is RMB140,000,000. The term of the finance lease is 32 months commencing from 15 October 2020. During the term of the lease, the Lessee shall make interest payment on the principal amount at the fixed rate of 6.3175% per annum on a quarterly basis. The Lessee will repay the principal amount in eleven instalments during the term of the finance lease. South China Leasing is also entitled to a handling fee of RMB1,000,000, payable by the Lessee, in one lump sum prior to the commencement of the term. The interest rate and the handling fee for the finance lease have been agreed between the parties after arm’s length negotiation with reference to the prevailing market rates. The consideration for the purchase of the Assets is RMB140,000,000, which was determined by the parties after arm’s length negotiations with reference to the valuation of the Assets based on the cost method of approximately RMB187,509,494. The consideration for the purchase of the Assets will be satisfied by South China Leasing by internal resources and bank borrowing.
THE FINANCE LEASE AGREEMENT. The Board announces that, on 29 September 2014, the Company entered into a Finance Lease Agreement with Huarong Company, pursuant to which, the Company conducted finance lease (direct lease) with Huarong Company in respect of the Equipment for a term of 3 years, and the financing amount was RMB310 million. Date 29 September 2014 Parties Lessor : Huarong Company Lessee : the Company Subject matter of the lease The Company’s No. 1 and No.2 furnaces of 2700mm production line, related equipment in furnace area and other assets located in Xx.0 xx Xxxxxxxxx Xxxxxx, Xxxxxxxx & Technological Development Zone, Changshou District, Chongqing, PRC. The finance amount of RMB310 million was determined after arm’s length negotiation between the Company and Huarong Company with reference to the lease cost and the lease interest rate. Finance amount payments and principal terms Pursuant to the Finance Lease Agreement, Huarong Company will lease and the Company shall rent the Equipment at the aggregate consideration of approximately RMB310 million, which shall be paid by the Company to Huarong Company. The Equipment will be leased to the Company for a period of 3 years commencing from the date on which Huarong Company pays the consideration for the purchase of the equipment to the Company. The lease rent to be paid by the Company to Huarong Company is calculated based on the lease cost and the lease interest rate. The total lease cost is RMB310 million. The monthly interest rate of the Finance Lease Agreement is 5.125‰ at the time of execution of the Finance Lease Agreement. Except for the initial rental payment, the first rental installment day shall be on the tenth day of the third month after the commencement date of leasing, and each rental installment shall be paid on the corresponding day of every three months thereafter, totaling 12 installments. No leasing principal will be paid for the first and second installments, and RMB31 million will be paid as the leasing principal for each of the third to twelfth installments. The lease payment and the interest rate have been agreed after arm’s length negotiation between the parties with reference to the prevailing market practice.
