THE SUPPLEMENTAL AGREEMENT. Pursuant to the Agreement entered into between Wealth Global and the Vendor in relation to the Acquisition, the 17% equity interest of the Target Company shall be acquired by Wealth Global upon the Completion. On 13 January 2016 (after trading hours), Wealth Global, Qingdao Jiahuasheng and the Vendor entered into a supplemental agreement (the “Supplemental Agreement”) pursuant to which the parties agreed that Qingdao Jiahuasheng will take up all the rights and obligations of Wealth Global under the Agreement and become * For identification purpose only the purchaser of the Acquisition in place of Wealth Global (“Change of the Purchaser”). Save and except for the Change of the Purchaser mentioned above, all other terms and provisions of the Agreement shall remain unchanged and in full force and effect. As both Wealth Global and Qingdao Jiahuasheng are indirect wholly-owned subsidiaries of the Company, the Target Company will become a wholly-owned subsidiary of the Company upon Completion regardless of the Change of the Purchaser. As such, the Directors consider that the Change of the Purchaser will not have any material impact to the Group. FULFILLMENT OF ALL THE CONDITIONS PRECEDENT The Board is pleased to announce that all the conditions precedent in respect of the Agreement and the Supplemental Agreement have been fulfilled. By Order of the Board of RENTIAN TECHNOLOGY HOLDINGS LIMITED Xxxx Xxx Xxx Executive Director Hong Kong, 13 January 2016 As at the date of this announcement, the Board comprises the following members:– Executive Directors Independent Non-executive Directors Xx. Xxxx Xxxxxxxx (Chief Executive Officer) Mr. Xxx Xxxxxxx Xxx Won Xx. Xxxxx To Xx. Xxxxx Xxxxxxx
THE SUPPLEMENTAL AGREEMENT. A summary of the principal terms of the Supplemental Agreement is set out as follows:
THE SUPPLEMENTAL AGREEMENT. On 23 August 2016, the Purchaser entered into a supplemental agreement to the Acquisition Agreement (the “Supplemental Agreement”) with the Vendor to supplement and amend the terms of the Acquisition Agreement as follows:
THE SUPPLEMENTAL AGREEMENT. On 13 November 2020 (after trading hours of the Stock Exchange), Suining Wind Power, as principal, entered into the Supplemental Agreement with Xiexin Energy, as the main contractor, pursuant to which Suining Wind Power has agreed to engage Xiexin Energy, and Xiexin Energy has agreed to undertake, among other things, the Additional Construction. The total consideration under the Supplemental Agreement is RMB31,805,900 (equivalent to approximately HK$37,327,364).
THE SUPPLEMENTAL AGREEMENT. Date: 17 December 2018 Parties (1) Xxxx Xxxxx; and
THE SUPPLEMENTAL AGREEMENT. In the Announcement, it was announced that, amongst others, on 16 May 2016, GGL (as licensor) entered into the Licence Agreement with GWL (as licensee), pursuant to which GGL has agreed to license to GWL the non-exclusive right to use and occupy the office premises located at Xxxx 0000, 00/X, Xxxxxx Xxxxxx, 00 Xxxxxxxxx, Xxxxxxxxx, Xxxx Xxxx for a term from 16 May 2016 to 31 March 2019. On 1 November 2017 (after trading hours), GGL and GWL entered into the Supplemental Agreement to amend certain terms of the Licence Agreement. As at the date of this announcement, GWL is an indirect wholly-owned subsidiary of Jinchuan Group, the ultimate shareholder of Jinchuan HK which indirectly owns 2,975,152,857 Shares, representing approximately 61.5% of the issued share capital of the Company. Since Jinchuan Group is the ultimate controlling Shareholder, GWL, an associate of Jinchuan Group, is therefore a connected person of the Company under Chapter 14A of the Listing Rules. Accordingly, the Licence Agreement and the transaction contemplated thereunder constitute continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.54 of the Listing Rules, since the Company proposes to amend certain terms of the Licence Agreement which constitutes a material change to its terms by way of a Supplemental Agreement, the Company is required to re-comply with the relevant requirements of Chapter 14A of the Listing Rules. Accordingly, proposed amendments to the terms of the Continuing Connected Transactions under the Supplemental Agreement are subject to the reporting and announcement requirements under Chapter 14A of the Listing Rules. The Board (including the independent non-executive Directors) is of the view that terms of the Supplemental Agreement (including the revised annual caps) are fair and reasonable, on normal commercial terms and in the interests of the Company and its Shareholders as a whole. The Company confirms that none of the Directors have any material interest in the Supplemental Agreement for which they shall be required to abstain from voting on the board resolutions approving the terms of the Supplemental Agreement. However, for good corporate governance, Xx. Xxx Xxxxxxxx, Xx. Xxxx Xxxxx, Xx. Xxxx Xxxxx and Xx. Xxxxx Xxxxx voluntarily abstained from voting in the Board meeting which the Supplemental Agreement and the revised annual caps were approved.
THE SUPPLEMENTAL AGREEMENT. Pursuant to the 2020 Re-Factoring Agreement dated 28 December 2020, Dongrui agreed to provide financing being secured by Accounts Receivable I of RMB41,280,000 (equivalent to approximately HK$49.1million) of Pun Yu for a period of 90 days from the date of signing of the 2020 Re- Factoring Agreement (i.e. expiring on 27 March 2021) with the re-factoring principal amount of RMB40,262,136.99 (equivalent to approximately HK$47.9 million) and at the interest rate of 10.25% per annum. On 26 March 2021, Xxxxxxx entered into the Supplemental Agreement with Pun Yu to amend certain terms of the 2020 Re-Factoring Agreement to extend the financing term to which the expiry date of the financing term was revised from 27 March 2021 to 27 September 2021. While the Accounts Receivable I and interest rate remains unchanged, Dongrui and Pun Yu has confirmed that the Consideration should be reduced from RMB40,262,136.99 (equivalent to approximately HK$47.9 million) to RMB38,329,916.32 (equivalent to approximately HK$45.6 million) for the transfer of all the Accounts Receivable I. The parties agreed that the aggregate of the difference of the Consideration and the New Consideration, i.e. RMB1,932,220.67 (equivalent to approximately HK$2.3million) and the interest incurred during the period from 28 December 2020 to 27 March 2021 i.e. RMB48,847.81 (equivalent to approximately HK$58.1thousand) being RMB1,981,068.48 (equivalent to approximately HK$2.4million) will be paid by Pun Yu to Dongrui on 27 March 2021. Save as disclosed herein, all other terms and conditions of the 2020 Re-Factoring Agreement shall remain unchanged and continue in full force and effect.
THE SUPPLEMENTAL AGREEMENT. On 22 December 2016 (after the trading hours of the Stock Exchange), the Vendors and the Purchaser entered into a supplemental agreement (the ‘‘Supplemental Agreement’’), pursuant to which the Vendors and the Purchaser have agreed to vary certain terms of the Sale and Purchase Agreement. As at the date of this announcement immediately before the Completion, the Target Company was owned as to approximately 22.84% by Quondino, approximately 22.84% by Xx. Xxxxxx, approximately 21.82% by Juralen, approximately 6.44% by Lestan, approximately 6.44% by Xerique, approximately 0.08% by Perfero AB, approximately 4.24% by Perdidi AB (formerly known as Per Pedes AB) and approximately 15.30% by Rem Tene AB. A summary of amendments to the terms of the Sale and Purchase Agreement are set out as follows:
THE SUPPLEMENTAL AGREEMENT. Date: 27 July 2010 Supplier: The Company Purchaser: Peking Founder The Group has been supplying information products to the Peking Founder Group on normal commercial terms in the ordinary and usual course of business pursuant to the Master Sales Agreement which will expire on 31 December 2011. In view of the anticipated growth in business volume between the Group and the Peking Founder Group, the Directors consider that the existing caps as set out in the Master Sales Agreement will become insufficient for the two years ending 31 December 2011. Hence, the Supplemental Agreement has as of the date of this announcement been entered into between the Company and Peking Founder in order to continue the transactions for the supply of information products to the Peking Founder Group and to revise the annual caps for the two years ending 31 December 2011. Pursuant to the Supplemental Agreement, the Group shall provide information products at market prices determined at the relevant time (i) with reference to the prices and credit terms at which such products are supplied, on normal commercial terms in its ordinary and usual course of business, to independent third party customers in the local market and/or adjacent regions; or (ii) where no comparables as stated in (i) are available, with reference to the prices and credit terms at which such products are supplied, on normal commercial terms in its ordinary and usual course of business, to independent third party customers in the PRC; or (iii) where none of the above comparables is available, with reference to the prices and credit terms agreed between the parties on arm’s length basis. The terms of the Supplemental Agreement shall become effective from the date of execution upon obtaining approval of the Independent Shareholders in the SGM until 31 December 2011. Original and revised annual caps The following table sets out the original and revised annual caps for the two years ending 31 December 2011: Year ending 31 December Year ending 31 December 2010 RMB’000 2011 RMB’000 Original annual caps 73,640 103,096 Revised annual caps 509,073 712,702 The revised annual caps is determined based on the Company’s estimation of the sales for two years ending 31 December 2011 with reference to the historical sales pattern of the Group to the Founder Group for the three years ended 31 December 2009, the sales of information products to Founder Order for the three years ended 31 December 2009 of approximately RMB38 million, ...
THE SUPPLEMENTAL AGREEMENT. On 1 March 2022 (after trading hours of the Stock Exchange), the Purchaser and the Vendor (the ‘‘Parties’’) entered into a supplemental agreement (the ‘‘Supplemental Agreement’’) to amend and supplement the Sale and Purchase Agreement. Pursuant to the Supplemental Agreement, the Parties have agreed to revise the payment schedule of the Remaining Consideration as follows:
