Deposit Services. As the highest applicable percentage ratio (as defined in Rule 14.07 of the Listing Rules) in respect of the Daily Deposit Cap to be placed by the Group with Shougang Finance Company exceeds 0.1% but is less than 5%, the provision of the Deposit Services by Shougang Finance Company to the Group under the New Financial Services Framework Agreement is subject to the reporting, announcement and annual review requirements but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
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Deposit Services. As the highest applicable percentage ratio (as defined in Rule 14.07 of the Listing Rules) in respect of the Daily Deposit Cap to be placed by the Group with Shougang Finance Company exceeds 0.1% but is less than 5%, the provision of the Deposit Services by Shougang Finance Company to the Group under the New Financial Services Framework Agreement is subject to the reporting, announcement and annual review requirements but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Appears in 1 contract
Deposit Services. As the highest applicable percentage ratio (as defined in Rule 14.07 of the Listing Rules) in respect of the Daily Deposit Cap to be placed by the Group with Shougang Finance Company exceeds 0.1% but is less than 5%, the provision of the Deposit Services by Shougang Finance Company to the Group under the New Financial Services Framework Agreement is subject to the reporting, announcement and annual review and announcement requirements but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
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