PROVISION OF FINANCIAL ASSISTANCE TO GUANGZHOU GUANGYUE, AN EXTERNAL INVESTEE COMPANY ON A PRO RATA BASIS
RELEVANT LOAN AMENDMENT AGREEMENTS
The Company, NSREG and Guangzhou Guangyue will shortly enter into eleven Relevant Loan Amendment Agreements, respectively, pursuant to which the three parties agree to change the terms of the Relevant Loan Contracts.
IMPLICATIONS UNDER THE LISTING RULES
As the Loans and the Previous Loans were granted to the same borrower within the previous 12 months, the Company intends to aggregate the Loans with the Previous Loans. As the relevant percentage ratio (as defined in the Listing Rules) in respect of the calculation of the Loans and the Previous Loans on an aggregated basis exceeds 5% but is less than 25%, the Loans and the Previous Loans constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules. Therefore, the Loans and the Previous Loans are subject to reporting and announcement requirements but are exempt from shareholders’ approval requirement.
The Company, NSREG and Guangzhou Guangyue will shortly enter into eleven Relevant Loan Amendment Agreements, respectively, pursuant to which the three parties agree to change the terms of the Relevant Loan Contracts.
IMPLICATIONS UNDER THE LISTING RULES
As the Loans and the Previous Loans were granted to the same borrower within the previous 12 months, the Company intends to aggregate the Loans with the Previous Loans. As the relevant percentage ratio (as defined in the Listing Rules) in respect of the calculation of the Loans and the Previous Loans on an aggregated basis exceeds 5% but is less than 25%, the Loans and the Previous Loans constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules. Therefore, the Loans and the Previous Loans are subject to reporting and announcement requirements but are exempt from shareholders’ approval requirement.
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