INFORMATION OF THE GROUP. The Group is principally engaged in the developing and manufacturing of polyester filament yarns, the provisions of dyeing services of differentiated polyester filament fabric and trading of polyester filament yarn products in the PRC. Pursuant to Rule 14.22 of the Listing Rules, the relevant applicable percentage ratios of the investment amounts under the First Asset Management Agreement and the Second Asset Management Agreement are required to be aggregated. As one or more of the applicable percentage ratios in respect of the First Asset Management Agreement and the Second Asset Management Agreement are, in aggregate, more than 5% but less than 25%, the Second Asset Management Agreement and the transactions contemplated thereunder constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements, but exempt from the independent shareholders’ approval requirement under Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Asset Management Agreement
INFORMATION OF THE GROUP. The Group is principally engaged in the developing and manufacturing of polyester filament yarnsyarns and three-dimensional printing filaments, the provisions of dyeing services of differentiated polyester filament fabric and trading of polyester filament yarn products in the PRC. Pursuant to Rule 14.22 of the Listing Rules, the relevant applicable percentage ratios of the investment amounts under the First Asset Management Agreement and the Second Asset Management Agreement are required to be aggregated. As one or more of the applicable percentage ratios in respect of the First Asset Management Agreement and the Second Asset Management Agreement are, in aggregate, more than 5% but less than 25%, the transactions contemplated under the Second Asset Management Agreement and the transactions contemplated thereunder constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements, but exempt from the independent shareholders’ Shareholders' approval requirement under Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Asset Management Agreement
INFORMATION OF THE GROUP. The Group is principally engaged in the developing and manufacturing of polyester filament yarnsyarns and 3D printing filaments, the provisions of dyeing services of differentiated polyester filament fabric and trading of polyester filament yarn products in the PRC. Pursuant to Rule 14.22 of the Listing Rules, the relevant applicable percentage ratios of the investment amounts under the First Asset Management Agreement and the Second Asset Management Agreement are required to be aggregated. As one or more of the applicable percentage ratios in respect of the First Asset Management Agreement and the Second Asset Management Agreement are, in aggregate, more than 5% but less than 25%, the Second Asset Management Agreement and the transactions contemplated thereunder constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements, but exempt from the independent shareholders’ approval requirement under Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Asset Management Agreement