Examples of Proposed Annual Caps in a sentence
The Directors (excluding the independent non-executive Directors, whose view will be expressed after receiving advice from the independent financial adviser) are of the view that the CCIA Services Framework Agreement has been entered into on normal commercial terms, in the ordinary and usual course of business of the Group, and together with the Proposed Annual Caps, are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
An SGM will be convened for the purpose of considering, and if thought fit, approving by poll the CCIA Services Framework Agreement and the Proposed Annual Caps.
The Parent Company, CNMC and their respective associates will abstain from voting on the resolutions approving the CCIA Services Framework Agreement, the transactions contemplated thereunder and the Proposed Annual Caps at the SGM.
Amasse Capital Limited, a corporation licensed by the Securities and Futures Commission to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), has been appointed as the independent financial adviser to advise the independent board committee and the Independent Shareholders regarding the CCIA Services Framework Agreement and the Proposed Annual Caps.
As the highest applicable percentage ratio in respect of the Proposed Annual Caps exceeds 5%, the CCIA Services Framework Agreement is subject to the reporting, announcement, annual review and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.