BEIJING PROPERTIES (HOLDINGS) LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
BEIJING PROPERTIES (HOLDINGS) LIMITED北京建 設（ 控股 ）有限公司
(Incorporated in Bermuda with limited liability)
(Stock Code: 925)
CONTINUING CONNECTED TRANSACTIONS - SUPPLEMENTAL AGREEMENT FOR THE EXTENSION OF RENTAL PERIOD TO THE NEW TENANCY AGREEMENTS CONTINUING CONNECTED TRANSACTIONSOn 31 July 2017, WSL Logistics entered into the Supplemental Tenancy Agreements for the extension of rental period to the New Tenancy Agreement 1, New Tenancy Agreement 2 and New Tenancy Agreement 5 with Tianjin WSL and Tianjin Junrong respectively.
IMPLICATIONS UNDER THE LISTING RULESWSL Logistics is held as to 70% indirectly by the Company and 30% by Tianjin WSL. Tianjin Junrong is a wholly owned subsidiary of Tianjin WSL. Therefore, Tianjin Junrong is an associate of Tianjin WSL, which in turn is a connected person of the Company. Accordingly, the Supplemental Tenancy Agreements for the extension of rental period to the New Tenancy Agreement 1, New Tenancy Agreement 2 and New Tenancy Agreement 5 constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
Since the transactions contemplated under the Supplemental Tenancy Agreements are entered into on normal commercial terms and one or more of the applicable percentage ratios as set out in Rule 14.07 of the Listing Rules in respect of the transactions under the Supplemental Tenancy Agreements for the extension of rental period to the New Tenancy Agreement 1, New Tenancy Agreement 2 and New Tenancy Agreement 5, when aggregated with the New Tenancy Agreement 3, New Tenancy Agreement 4, New Tenancy Agreement 6, New Tenancy Agreement 7, New Tenancy Agreement 8, New Tenancy Agreement 9, New Estate Management Services Agreement, Other Existing Agreements and Phase II Property Management Services Agreement, on an annual basis, more than 1% but less than 5%, the transactions contemplated under the Supplemental Tenancy Agreements are only subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders' approval under Chapter 14A of the Listings Rules.
Reference is made to the announcement of the Company dated 1 August 2016 in relation to the continuing connected transactions of the tenancy agreements renewal and the estate management services agreement renewal, the announcement of the Company dated 30 November 2016 in relation to the continuing connected transaction of the phase II property management services agreement, the announcement of the Company dated 27 January 2017 in relation to the continuing connected transactions of the tenancy agreement, and the announcement of the Company dated 1 June 2017 in relation to the continuing connected transactions of the tenancy agreement (collectively, the "Announcements"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcements.
CONTINUING CONNECTED TRANSACTIONS - SUPPLEMENTAL TENANCY AGREEMENTS FOR THE EXTENSION OF RENTAL PERIOD TO THE NEW TENANCY AGREEMENTSOn 31 July 2017, WSL Logistics entered into the Supplemental Tenancy Agreements for the extension of rental period to the New Tenancy Agreement 1, New Tenancy Agreement 2 and New Tenancy Agreement 5 with Tianjin WSL and Tianjin Junrong respectively.
The salient terms of the Supplemental Tenancy Agreements are respectively set out below.
Supplemental Tenancy Agreement 1
Date : 31 July 2017
Parties : Landlord - WSL Logistics Tenant - Tianjin WSL
Premises : Office at Zone E1-101 of the Customs Warehouse Lettable area : Approximately 339.29 square metres
Term : One year from 1 August 2017 to 31 July 2018
Rental : The annual rental (excluding management service fees and other outgoing charges and expenses) is RMB222,913.53 calculated based on the rate of RMB1.8 per square metre per day.
Annual Cap of the Continuing Connected Transactions Contemplated under Supplemental Tenancy Agreement 1The annual cap for the continuing connected transactions contemplated under the Supplemental Tenancy Agreement 1 shall be RMB222,913.53 (equivalent to approximately HK$258,726.44).
Supplemental Tenancy Agreement 2
Date : 31 July 2017
Parties : Landlord - WSL Logistics Tenant - Tianjin Junrong
Premises : Office at Zone E2-102 of the Customs Warehouse Lettable area : Approximately 156.84 square metres
Term : Five months from 1 August 2017 to 31 December 2017
Rental : The five months rental (excluding management service fees and other outgoing charges and expenses) is RMB42,934.95 calculated based on the rate of RMB1.8 per square metre per day.
Annual Cap of the Continuing Connected Transactions Contemplated under Supplemental Tenancy Agreement 2The annual cap for the continuing connected transactions contemplated under the Supplemental Tenancy Agreement 2 shall be RMB42,934.95 (equivalent to approximately HK$49,832.81).
Supplmemtal Tenancy Agreement 5
Date : 31 July 2017
Parties : Landlord - WSL Logistics Tenant - Tianjin Junrong
Premises : Office at Zone E2-101-1 and E2-101-2 of the Customs Warehouse Lettable area : Approximately 96.86 square metres
Term : Five months from 1 August 2017 to 31 December 2017
Rental : The five months rental (excluding management service fees and other outgoing charges and expenses) is RMB26,515.45 calculated based on the rate of RMB1.8 per square metre per day.
Beijing Properties (Holdings) Limited published this content on 31 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 July 2017 08:59:12 UTC.
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