Common use of INFORMATION OF THE GROUP Clause in Contracts

INFORMATION OF THE GROUP. The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah CL and Oi Wah PL, as the lender of the Loans and the Existing Loans, respectively, are indirect wholly-owned subsidiaries of the Company. Having taken into account the principal business activities of the Group, the grant of the Loans and the Existing Loans to the Customers is in the ordinary and usual course of business of the Group. The terms of the Loan Agreements and the Existing Loan Agreements were negotiated on an arm’s length basis between the Group and the Customers. The Directors consider that the grant of the Loans and the Existing Loans is financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreements and the Existing Loan Agreements were entered into on normal commercial terms based on the Company’s credit policy. After having taken into account the satisfactory financial background of the Customers and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreements and the Existing Loan Agreements are fair and reasonable and the entering into of the Loan Agreements and the Existing Loan Agreements is in the interests of the Company and its shareholders as a whole. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the amount of the Loans granted to Customer C exceeds 5% but is less than 25%, the grant of the Loans constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules. As the Customers are associated with each other and the Existing Loan Agreements and the Loan Agreements were entered into within a 12-month period, the transactions contemplated under the Existing Loan Agreements and the Loan Agreements are required to be aggregated pursuant to Rule 14.22 of the Listing Rules. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the aggregate amount of the Existing Loans and the Loans exceeds 5% but is less than 25%, the grant of the Existing Loans and the Loans in aggregate still constitutes discloseable transactions of the Company and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules. Pursuant to Rule 14.58(2) of the Listing Rules, the identity of the Customers is required to be disclosed. Since (i) the granting of the Loans and the Existing Loans is not regarded as a material transaction of the Company as compared to the Company’s overall financial position; (ii) the Company has practical difficulties in complying with the aforesaid disclosure requirement as the Customers have confirmed to the Group that they will not consent to the disclosure of their identities in this announcement; (iii) the disclosure of the identity of the Customers does not reflect their financial standing or repayment ability and thus will serve little purpose in assisting the Shareholders to evaluate their creditworthiness and the risks and exposure of the Loans and the Existing Loans; and (iv) the Company has made alternative disclosures in respect of the Loans and the Existing Loans in this announcement, including but not limited to the details of the collateral and the loan-to-value ratio of the collateral in respect of the Loans and the Existing Loans, which would be much more meaningful for the Shareholders in assessing the risk and exposure of the Loans and the Existing Loans as well as the repayment ability of the Customers, the Company has applied to the Stock Exchange, and the Stock Exchange has granted, a waiver from strict compliance with Rule 14.58(2) of the Listing Rules.

INFORMATION OF THE GROUP. The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah CL and Oi Wah PLCL, as the lender of the Loans and the Existing LoansLoan, respectively, are is an indirect wholly-owned subsidiaries subsidiary of the Company. Having taken into account the principal business activities of the Group, the grant of the Loans and the Existing Loans Loan to the Customers Customer is in the ordinary and usual course of business of the Group. The terms of the Loan Agreements and the Existing Loan Agreements Agreement were negotiated on an arm’s length basis between among the Group Co- Lenders and the CustomersCustomer. The Directors consider that the grant of the Loans and the Existing Loans Loan is financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreements and the Existing Loan Agreements Agreement were entered into on normal commercial terms based on the Company’s credit policy. After having taken into account the satisfactory financial background of the Customers Customer and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreements and the Existing Loan Agreements Agreement are fair and reasonable and the entering into of the Loan Agreements and the Existing Loan Agreements Agreement is in the interests of the Company and its shareholders as a whole. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the amount of the Loans Loan granted to the Customer C exceeds 5% but is less than 25%, the grant of the Loans Loan constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules. As the Customers are associated with each other and the Existing Loan Agreements and the Loan Agreements were entered into within a 12-month period, the transactions contemplated under the Existing Loan Agreements and the Loan Agreements are required to be aggregated pursuant to Rule 14.22 of the Listing Rules. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the aggregate amount of the Existing Loans and the Loans exceeds 5% but is less than 25%, the grant of the Existing Loans and the Loans in aggregate still constitutes discloseable transactions of the Company and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules. Pursuant to Rule 14.58(2) of the Listing Rules, the identity of the Customers Customer and the Mortgagor is required to be disclosed. Since (i) the granting of the Loans and the Existing Loans Loan is not regarded as a material transaction of the Company as compared to the Company’s overall financial position; (ii) the Company has practical difficulties in complying with the aforesaid disclosure requirement as the Customers Customer and the Mortgagor have confirmed to the Group that they will not consent to the disclosure of their identities identity in this announcement; (iii) the disclosure of the identity of the Customers Customer and the Mortgagor does not reflect their financial standing or repayment ability and thus will serve little purpose in assisting the Shareholders to evaluate their creditworthiness and the risks and exposure of the Loans and the Existing LoansLoan; and (iv) the Company has made alternative disclosures in respect of the Loans and the Existing Loans Loan in this announcement, including but not limited to the details of the collateral and the loan-to-value ratio of the collateral in respect of the Loans and the Existing LoansLoan, which would be much more meaningful for the Shareholders in assessing the risk and exposure of the Loans and the Existing Loans Loan as well as the repayment ability of the CustomersCustomer, the Company has applied to the Stock Exchange, and the Stock Exchange has granted, a waiver from strict compliance with Rule 14.58(2) of the Listing Rules.

INFORMATION OF THE GROUP. The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah CL and Oi Wah PLCL, as the lender of the Loans and the Existing LoansLoan, respectively, are is an indirect wholly-owned subsidiaries subsidiary of the Company. Having taken into account the principal business activities of the Group, the grant of the Loans and the Existing Loans Loan to the Customers is in the ordinary and usual course of business of the Group. The terms of the Loan Agreements and the Existing Loan Agreements Agreement were negotiated on an arm’s length basis between among the Group Co-Lenders and the Customers. The Directors consider that the grant of the Loans and the Existing Loans Loan is financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreements and the Existing Loan Agreements Agreement were entered into on normal commercial terms based on the Company’s credit policy. After having taken into account the satisfactory financial background of the Customers and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreements and the Existing Loan Agreements Agreement are fair and reasonable and the entering into of the Loan Agreements and the Existing Loan Agreements Agreement is in the interests of the Company and its shareholders as a whole. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the amount of the Loans Loan granted to the Customer C exceeds 5% but is less than 25%, the grant of the Loans Loan constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules. As the Customers are associated with each other and the Existing Loan Agreements and the Loan Agreements were entered into within a 12-month period, the transactions contemplated under the Existing Loan Agreements and the Loan Agreements are required to be aggregated pursuant to Rule 14.22 of the Listing Rules. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the aggregate amount of the Existing Loans and the Loans exceeds 5% but is less than 25%, the grant of the Existing Loans and the Loans in aggregate still constitutes discloseable transactions of the Company and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules. Pursuant to Rule 14.58(2) of the Listing Rules, the identity of the Customers and the Guarantor is required to be disclosed. Since (i) the granting of the Loans and the Existing Loans Loan is not regarded as a material transaction of the Company as compared to the Company’s overall financial position; (ii) the Company has practical difficulties in complying with the aforesaid disclosure requirement as the Customers and the Guarantor have confirmed to the Group that they will not consent to the disclosure of their identities identity in this announcement; (iii) the disclosure of the identity of the Customers and the Guarantor does not reflect their financial standing or repayment ability and thus will serve little purpose in assisting the Shareholders to evaluate their creditworthiness and the risks and exposure of the Loans and the Existing LoansLoan; and (iv) the Company has made alternative disclosures in respect of the Loans and the Existing Loans Loan in this announcement, including but not limited to the details of the collateral and the loan-to-value ratio of the collateral in respect of the Loans and the Existing LoansLoan, which would be much more meaningful for the Shareholders in assessing the risk and exposure of the Loans and the Existing Loans Loan as well as the repayment ability of the Customers, the Company has applied to the Stock Exchange, and the Stock Exchange has granted, a waiver from strict compliance with Rule 14.58(2) of the Listing Rules.