SERVICES FRAMEWORK AGREEMENT Clause Samples
A Services Framework Agreement is a master contract that establishes the general terms and conditions under which specific services will be provided between parties over a period of time. It typically outlines the scope of services, pricing structures, and procedures for ordering or delivering services, with individual projects or work orders governed by the overarching agreement. This framework streamlines future transactions by eliminating the need to renegotiate core terms for each new engagement, thereby increasing efficiency and ensuring consistency in service delivery.
SERVICES FRAMEWORK AGREEMENT. Reference is made to the 2021 Announcement in relation to, inter alia, the 2022 CMPG Servies Framework Agreement. On 18 December 2023, in view of the expiry of the 2022 CMPG Services Framework Agreement on 31 December 2023, CMPG and the Company entered into the 2024 CMPG Services Framework Agreement for a term of three years commencing on 1 January 2024 and ending on 31 December 2026 to set out the framework for future transactions in relation to
SERVICES FRAMEWORK AGREEMENT. On 4 September 2024 (after trading hours), CNTIC as the supplier and the Company as the purchaser entered into the EPC Services Framework Agreement, pursuant to which, subject to the EPC Proposed Caps and the transactions contemplated under the EPC Services Framework Agreement having been approved by the Independent Shareholders by way of poll at the EGM in compliance with the Listing Rules, and at the request of the Company (by itself or on behalf of members of the Group), CNTIC (for itself or on behalf of the other members of the CNTIC Group) agreed to provide, and the Company (for itself and on behalf of the Group) has agreed to procure the EPC Services from time to time. ETS SUPPLY FRAMEWORK AGREEMENT Reference is made to the announcement of the Company dated 23 May 2024 in relation to, among other things, the Gen-sets Supply Framework Agreement entered into between VH and CNTIC for the supply of the gen-sets by VH to CNTIC for the twelve months ending 22 May 2025. For the better management of the transactions between the Group and CNTIC Group and in view of the CNTIC’s demand for procurement of equipment and related accessories and technical services in relation to its engineering project business, on 4 September 2024 (after trading hours), CNTIC (as purchaser), the Company (as supplier) and VH (as former supplier) entered into the ETS Supply Framework Agreement, pursuant to which (i) subject to the ETS Proposed Caps and the transactions contemplated under the ETS Supply Framework Agreement having been approved by the Independent Shareholders by way of poll at the EGM in compliance with the Listing Rules, the Company (for itself and on behalf of the Group) may provide the Equipment and Technical Services to the CNTIC Group from time to time; and (ii) VH and CNTIC agreed to terminate the Gen-sets Supply Framework Agreement on the Date of Shareholders’ Approval for ETS. LISTING RULES IMPLICATIONS As at the date of this announcement, as CNTIC is the controlling Shareholder and CNTIC Capital is a 95% owned subsidiary of CNTIC, and therefore an associate of CNTIC under Rule 14A.13(1) of the Listing Rules, both CNTIC and CNTIC Capital are connected persons of the Company under the Listing Rules. As such, the transactions contemplated under the Equipment Purchase Agreement constitute connected transactions under Chapter 14A of the Listing Rules and the transactions contemplated under and the Equipment Lease Framework Agreement, the EPC Services Framework Agr...
SERVICES FRAMEWORK AGREEMENT. The 2022 Services Framework Agreement was entered into between ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇ (as attorney for and on behalf of ▇▇. ▇▇▇▇) on 28 October 2021 (after trading hours) in relation to provision of certain property related services to ▇▇. ▇▇▇▇’▇ Associated Companies (including the Seazen Group), for a term of one year from 1 January 2022 to 31 December 2022 subject to the Annual Cap. The principal terms of the 2022 Services Framework Agreement are set out below:
SERVICES FRAMEWORK AGREEMENT. REVISION OF ANNUAL CAP
SERVICES FRAMEWORK AGREEMENT. The principal terms of the Asphalt Transportation Services Framework Agreement are set forth below:
SERVICES FRAMEWORK AGREEMENT. Principal terms
SERVICES FRAMEWORK AGREEMENT. On 23 December 2024, in view of the expiry of the 2022 Sinotrans Services Framework Agreement on 31 December 2024, Sinotrans & CSC and the Company entered into the 2025 Sinotrans Services Framework Agreement for a term of three years commencing on 1 January 2025 and ending on 31 December 2027. The Directors resolved to set the annual caps in respect of the service fees for port-related services receivable by the Group from Sinotrans & CSC Group for each of the three years ending 31 December 2025, 2026 and 2027 as RMB78.00 million (equivalent to approximately HK$86.67 million), RMB101 million (equivalent to approximately HK$112 million) and RMB131 million (equivalent to approximately HK$146 million). Since the highest applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the annual caps for the service fees receivable for port-related services exceed 0.1% but are below 5%, these transactions are exempt from the circular (including independent financial advice) and shareholders’ approval requirements under Chapter 14A of the Listing Rules. The Directors also resolved to set the annual caps in respect of the service fees for cargo transportation and related agency services payable by the Group to Sinotrans & CSC Group for each of the three years ending 31 December 2025, 2026 and 2027 as RMB17.00 million (equivalent to approximately HK$18.89 million), RMB22.00 million (equivalent to approximately HK$24.44 million) and RMB29.00 million (equivalent to approximately HK$32.22 million. Since the highest applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the annual caps for the service fees payable for cargo transportation and related agency services exceed 0.1% but are below 5%, these transactions are exempt from the circular (including independent financial advice) and shareholders’ approval requirements under Chapter 14A of the Listing Rules.
SERVICES FRAMEWORK AGREEMENT. Pursuant to the Services Framework Agreement, the Company will and will procure that other members of the Enlarged Group will provide certain services to the Parent Company and its subsidiaries.
SERVICES FRAMEWORK AGREEMENT. On 24 December 2021, in view of the expiry of the 2019 Sinotrans Services Framework Agreement on 31 December 2021, Sinotrans & CSC and the Company entered into the 2022 Sinotrans Services Framework Agreement for a term of three years commencing on 1 January 2022 and ending on 31 December 2024. For the purpose of Rule 14A.53 of the Listing Rules, on 24 December 2021, the Directors resolved to set the annual caps in respect of the service fees for port-related services receivable by the Group from Sinotrans & CSC and its associates for each of the three years ending 31 December 2022, 2023 and 2024 as RMB26 million (equivalent to approximately HK$31.71 million), RMB34 million (equivalent to approximately HK$41.46 million) and RMB45 million (equivalent to approximately HK$54.88 million). Since the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the annual caps for the service fees receivable for port-related services exceed 0.1% but are below 5%, these transactions are exempt from the circular (including independent financial advice) and shareholders’ approval requirements under Chapter 14A of the Listing Rules. In respect of the service fees for agency services payable by the Group to Sinotrans & CSC and its associates for each of the three years ending 31 December 2022, 2023 and 2024, the applicable percentage ratios set out in Rule 14.07 of the Listing Rules are less than 0.1% and therefore, these transactions constitute de minimis continuing connected transactions pursuant to Rule 14A.76(1) of the Listing Rules and are fully exempt from the shareholders’ approval, annual review and all disclosure requirements under Chapter 14A of the Listing Rules.
SERVICES FRAMEWORK AGREEMENT. Date: 3 December 2021 Parties: i. The Company; and