Common use of Upper Limits of Investment Management Fees Clause in Contracts

Upper Limits of Investment Management Fees. Based on the current status of entrusted investment management between the two parties, the growth scale of Party A’s investment business in the coming years and the needs of daily liquidity arrangement of investment funds, it is reasonably estimated and agreed that the upper limits of investment management fees (including floating management fees) payable to Party B within the three years from the date of effectiveness hereof to December 31, 2025 shall be RMB 4 billion, RMB 5 billion and RMB 6 billion respectively. In order to meet Party A’s regulatory obligations for connected transactions under the rules of listing venues, the upper limits agreed herein include the issuance fees, investment management fees and financial consultant fees incurred by Party B’s subscription of Party B’s financial products using Party A’s entrusted funds. The aforesaid transactions will constitute Party A’s fund utilization connected transactions under the regulations of CBIRC, and Party B shall have the obligation to identify such connected transactions and cooperate with Party A to complete the connected transaction management obligations under the regulations of CBIRC with reference to section 6.2.5 hereof. The aforesaid obligations and procedures shall not be automatically exempted by entering into this agreement.

Upper Limits of Investment Management Fees. Based on the current status of entrusted investment management between the two parties, the growth scale of Party A’s investment business in the coming years and the needs of daily liquidity arrangement of investment funds, it is reasonably estimated and agreed that the upper limits of investment management fees (including floating management fees) payable to Party B within the three years from the date of effectiveness hereof to December 31, 2025 2022 shall be RMB ▇▇▇ ▇ ▇▇▇▇▇▇▇, ▇▇▇ 4 billion, RMB 5 billion and RMB 6 5 billion respectively. In order to meet Party A’s regulatory obligations for connected transactions under the rules of listing venues, the upper limits agreed herein include the issuance fees, fees and investment management fees and financial consultant fees incurred by Party B’s subscription of Party B’s financial products using Party A’s entrusted funds. The aforesaid transactions will constitute Party A’s fund utilization connected transactions under the regulations of CBIRC, and Party B shall have the obligation to identify such connected transactions and cooperate with Party A to complete the connected transaction management obligations under the regulations of CBIRC with reference to section 6.2.5 6.2.6 hereof. The aforesaid obligations and procedures shall not be automatically exempted by entering into this agreement.