The continuing connected transactions undertaken by the Group during the year ended 31 December 2017 are as follows:
1. A financial services framework agreement dated 3 November 2015 was entered into between the Company and Minmetals Finance (a non wholly-owned subsidiary of China Minmetals) whereby Minmetals Finance would provide current and fixed deposit services, loan services and settlement services to the Company and its PRC subsidiaries for a term of three years from 1 January 2016 to 31 December 2018. The annual cap on the maximum daily outstanding balance of deposits (including accrued interests) to be placed by the Company and its PRC subsidiaries for each of the three years ending 31 December 2018 was RMB1,800,000,000. The deposit services to be provided by Minmetals Finance to the Company and its PRC subsidiaries and the aforesaid annual cap were considered and approved by the independent Shareholders at the special general meeting of the Company held on 10 December 2015.
During the year ended 31 December 2017, the maximum daily outstanding balance of deposits (including accrued interests) placed by the Company and its PRC subsidiaries with Minmetals Finance was RMB1,795,985,146 (2016: RMB1,798,110,058).
Minmetals Land Limited Annual Report 2017
126
Report of the Directors 董事會報告
2. 於二零一六年三月十八日，本公司與中國 五礦及五礦股份（為中國五礦之非全資附 屬 公 司）訂 立 委 托 管 理 服 務 協 議，據 此，
本公司受託向中國五礦及五礦股份的托管 資 產 提 供 管 理 服 務，為 期 兩 年，由 二 零 一 六 年 三 月 十 八 日 起 至 二 零 一 八 年 三 月 十七日止（「托管協議」）。就截至二零一八 年三月十七日止兩年，中國五礦與五礦股 份每年應付之年度管理費用為30,000,000 元人民幣（「委托管理費用」）。其中中國五 礦及五礦股份將分別承擔3,000,000元人民 幣 及27,000,000元 人 民 幣。由 於 按 本 公 司 根據托管協議項下應收取之年度費用計算 之所有適用百分比率均少於5%，托管協 議須遵守上市規則有關年度審閱、申報及 公告之規定，但獲豁免遵守股東通函、獨 立財務意見及獨立股東批准之規定。
本公司、中國五礦、五礦股份及五礦建設 北京於二零一七年七月十三日訂立托管協 議之補充協議，據此，訂約各方同意由五 礦建設北京就托管資產提供管理服務及收 取委托管理費用。
於 截 至 二 零 一 七 年 十 二 月 三 十 一 日 止 年 度，中國五礦及五礦股份應付予五礦建設 北京之委托管理費用總額為30,000,000元 人 民 幣（二 零 一 六 年：24,508,197元 人 民 幣）。
2. An entrusted management services agreement dated 18 March 2016 was entered into between the Company, China Minmetals and CMCL (a non wholly-owned subsidiary of China Minmetals) whereby the Company would provide management services to China Minmetals and CMCL in relation to the entrusted assets for a term of two years from 18 March 2016 to 17 March 2018 (“Entrusted Agreement”). The annual management fees payable by China Minmetals and CMCL under the Entrusted Agreement (the “Entrusted Management Fees”) shall be RMB30,000,000 for each of the two years ending 17 March 2018 whereby each of China Minmetals and C M C L w i l l b e r e s p o n s i b l e f o r R M B 3 , 0 0 0 , 0 0 0 a n d RMB27,000,000 respectively. As all the applicable percentage ratios in respect of the annual fee receivable by the Company under the Entrusted Agreement are less than 5%, the Entrusted Agreement is subject to annual review, reporting and announcement requirements, but exempt from circular, independent financial advice and independent Shareholders’
approval requirements under the Listing Rules.
A supplemental agreement to the Entrusted Agreement dated 13 July 2017 was entered into between the Company, China Minmetals, CMCL and Minmetals Land Beijing (a wholly-owned subsidiary of the Company) whereby the parties agreed that the management services in relation to the entrusted assets be provided by Minmetals Land Beijing and accordingly the Entrusted Management Fees be payable to Minmetals Land Beijing.
The aggregate sum of Entrusted Management Fees payable by China Minmetals and CMCL to Minmetals Land Beijing for the year ended 31 December 2017 was RMB30,000,000 (2016:
RMB24,508,197).
五礦地產有限公司 二零一七年年報 127 3. 於 二 零 一 六 年 五 月 三 十 一 日，五 礦 資 本
（為中國五礦之非全資附屬公司）作為租戶 與企元（為本公司之全資附屬公司）作為業 主訂立租賃協議（「租賃協議一」），詳情如 下：
物業 ： 香 港 九 龍 尖 沙 咀 漆 咸 道 南 七十九號中國五礦大廈九樓
年期 ： 由 二 零 一 六 年 六 月 一 日 起 至 二 零 一 八 年 五 月 三 十 一 日 止 兩年（包括首尾兩天）
租金 ： 每 月173,790港 元（不 包 括 差 餉以及服務、管理及空調費）
其他費用： 每 月28,385.70港 元（為 租 戶 所 分 擔 之 服 務、管 理 及 空 調 費）
根據租賃協議一，五礦資本就二零一六年 六月一日至二零一六年十二月三十一日止 期間、二零一七年一月一日至二零一七年 十二月三十一日止年度及二零一八年一月 一日至二零一八年五月三十一日止期間須 支 付 予 企 元 之 租 金 年 度 上 限 分 別 為 1,216,530港 元、2,085,480港 元 及868,950 港元。由於根據租賃協議一項下企元應收 取之年度租金計算之所有適用百分比率均 少於5%，租賃協議一須遵守上市規則有 關年度審閱、申報及公告之規定，但獲豁 免遵守股東通函、獨立財務意見及獨立股 東批准之規定。
企元、五礦資本及明道資產（為中國五礦 之非全資附屬公司）於二零一七年十二月 三十一日訂立約務更替契約，據此，五礦 資本同意更替，而明道資產同意承擔自二 零一七年十二月三十一日至二零一八年五 月三十一日期間，租賃協議一項下五礦資 本之權利及責任。
3. A tenancy agreement dated 31 May 2016 was entered into between Minmetals Capital (a non wholly-owned subsidiary of China Minmetals) as the tenant and Texion (a wholly-owned subsidiary of the Company) as the landlord (“Tenancy Agreement I”), details of which are set out below:
Premises : 9th Floor, China Minmetals Tower, 79 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong
Period : two years commencing from 1 June 2016 to 31 May 2018 (both dates inclusive)
Rental : HK$173,790 per calendar month (exclusive of government rates and service, management and air-conditioning charges)
Other charges : HK$28,385.70 per calendar month (being the tenant’s share of service, management and air-conditioning charges)
The annual cap for the rent payable by Minmetals Capital to Texion in respect of Tenancy Agreement I for the period from 1 June 2016 to 31 December 2016, for the year from 1 January 2017 to 31 December 2017 and for the period from 1 January 2018 to 31 May 2018 were HK$1,216,530, HK$2,085,480 and HK$868,950 respectively. As all the applicable percentage ratios in respect of the annual rent receivable by Texion under Tenancy Agreement I are less than 5%, Tenancy Agreement I is subject to annual review, reporting and announcement requirements, but exempt from circular, independent financial advice and independent Shareholders’ approval requirements under the Listing Rules.
A deed of novation dated 31 December 2017 was entered into between Texion, Minmetals Capital, and Brightway Asset (a non wholly-owned subsidiary of China Minmetals) whereby Minmetals Capital agreed to novate and Brightway Asset agreed to assume all Minmetals Capital’s rights and obligations in and under Tenancy Agreement I for the period from 31 December 2017 to 31 May 2018.
Minmetals Land Limited Annual Report 2017
128
Report of the Directors 董事會報告
於 截 至 二 零 一 七 年 十 二 月 三 十 一 日 止 年 度，五礦資本根據租賃協議一而支付之租 金 總 額 為1,911,690港 元（二 零 一 六 年：
1,042,740港元）。
4. 於 二 零 一 六 年 五 月 三 十 一 日，五 礦 企 榮
（為中國五礦之非全資附屬公司）作為租戶 與企元作為業主訂立租賃協議（「租賃協議 二」），詳情如下：
物業 ： 香 港 九 龍 尖 沙 咀 漆 咸 道 南 七 十 九 號 中 國 五 礦 大 廈 十 一 樓
年期 ： 由 二 零 一 六 年 六 月 一 日 起 至 二 零 一 八 年 五 月 三 十 一 日 止 兩年（包括首尾兩天）
租金 ： 每 月173,790港 元（不 包 括 差 餉以及服務、管理及空調費）
其他費用： 每 月28,385.70港 元（為 租 戶 所 分 擔 之 服 務、管 理 及 空 調 費）
根據租賃協議二，五礦企榮就二零一六年 六月一日至二零一六年十二月三十一日止 期間、二零一七年一月一日至二零一七年 十二月三十一日止年度及二零一八年一月 一日至二零一八年五月三十一日止期間須 支 付 予 企 元 之 租 金 年 度 上 限 分 別 為 1,216,530港 元、2,085,480港 元 及868,950 港元。由於根據租賃協議二項下企元應收 取之年度租金計算之所有適用百分比率均 少於5%，租賃協議二須遵守上市規則有 關年度審閱、申報及公告之規定，但獲豁 免遵守股東通函、獨立財務意見及獨立股 東批准之規定。
於 截 至 二 零 一 七 年 十 二 月 三 十 一 日 止 年 度，五礦企榮根據租賃協議二而支付之租 金 總 額 為1,911,690港 元（二 零 一 六 年：
1,042,740港元）。
The aggregate sum of the rental paid by Minmetals Capital under Tenancy Agreement I for the year ended 31 December 2017 was HK$1,911,690 (2016: HK$1,042,740).
4. A tenancy agreement dated 31 May 2016 was entered into between Minmetals Cheerglory (a non wholly-owned subsidiary of China Minmetals) as the tenant and Texion as the landlord (“Tenancy Agreement II”), details of which are set out below:
Premises : 11th Floor, China Minmetals Tower, 79 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong
Period : two years commencing from 1 June 2016 to 31 May 2018 (both dates inclusive)
Rental : HK$173,790 per calendar month (exclusive of government rates and service, management and air-conditioning charges)
Other charges : HK$28,385.70 per calendar month (being the tenant’s share of service, management and air-conditioning charges)
The annual cap for the rent payable by Minmetals Cheerglory to Texion in respect of Tenancy Agreement II for the period from 1 June 2016 to 31 December 2016, for the year from 1 January 2017 to 31 December 2017 and for the period from 1 January 2018 to 31 May 2018 were HK$1,216,530, HK$2,085,480 and HK$868,950 respectively. As all the applicable percentage ratios in respect of the annual rent receivable by Texion under Tenancy Agreement II are less than 5%, Tenancy Agreement II is subject to annual review, reporting and announcement requirements, but exempt from circular, independent financial advice and independent Shareholders’ approval requirements under the Listing Rules.
The aggregate sum of the rental paid by Minmetals Cheerglory under Tenancy Agreement II for the year ended 31 December 2017 was HK$1,911,690 (2016: HK$1,042,740).
五礦地產有限公司 二零一七年年報 129 5. 於 二 零 一 六 年 五 月 三 十 一 日，香 港 五 礦
（為中國五礦之非全資附屬公司）作為租戶 與企元作為業主訂立租賃協議（「租賃協議 三」），詳情如下：
物業 ： 香 港 九 龍 尖 沙 咀 漆 咸 道 南 七 十 九 號 中 國 五 礦 大 廈 十 九 樓
年期 ： 由 二 零 一 六 年 六 月 一 日 起 至 二 零 一 八 年 五 月 三 十 一 日 止 兩年（包括首尾兩天）
租金 ： 每 月173,790港 元（不 包 括 差 餉以及服務、管理及空調費）
其他費用： 每 月28,385.70港 元（為 租 戶 所 分 擔 之 服 務、管 理 及 空 調 費）
根據租賃協議三，香港五礦就二零一六年 六月一日至二零一六年十二月三十一日止 期間、二零一七年一月一日至二零一七年 十二月三十一日止年度及二零一八年一月 一日至二零一八年五月三十一日止期間須 支 付 予 企 元 之 租 金 年 度 上 限 分 別 為 1,216,530港 元、2,085,480港 元 及868,950 港元。由於根據租賃協議三項下企元應收 取之年度租金計算之所有適用百分比率均 少於5%，租賃協議三須遵守上市規則有 關年度審閱、申報及公告之規定，但獲豁 免遵守股東通函、獨立財務意見及獨立股 東批准之規定。
於 截 至 二 零 一 七 年 十 二 月 三 十 一 日 止 年 度，香港五礦根據租賃協議三而支付之租 金 總 額 為1,911,690港 元（二 零 一 六 年：
1,042,740港元）。
5. A tenancy agreement dated 31 May 2016 was entered into between Minmetals HK (a non wholly-owned subsidiary of China Minmetals) as the tenant and Texion as the landlord (“Tenancy Agreement III”), details of which are set out below:
Premises : 19th Floor, China Minmetals Tower, 79 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong
Period : two years commencing from 1 June 2016 to 31 May 2018 (both dates inclusive)
Rental : HK$173,790 per calendar month (exclusive of government rates and service, management and air-conditioning charges)
Other charges : HK$28,385.70 per calendar month (being the tenant’s share of service, management and air-conditioning charges)
The annual cap for the rent payable by Minmetals HK to Texion in respect of Tenancy Agreement III for the period from 1 June 2016 to 31 December 2016, for the year from 1 January 2017 to 31 December 2017 and for the period from 1 January 2018 to 31 May 2018 were HK$1,216,530, HK$2,085,480 and HK$868,950 respectively. As all the applicable percentage ratios in respect of the annual rent receivable by Texion under Tenancy Agreement III are less than 5%, Tenancy Agreement III is subject to annual review, reporting and announcement requirements, but exempt from circular, independent financial advice and independent Shareholders’ approval requirements under the Listing Rules.
The aggregate sum of the rental paid by Minmetals HK under Tenancy Agreement III for the year ended 31 December 2017 was HK$1,911,690 (2016: HK$1,042,740).
Minmetals Land Limited Annual Report 2017
130
Report of the Directors 董事會報告
6. 於二零一六年十二月二十二日，嘉和日盛
（為 本 公 司 之 全 資 附 屬 公 司）與 嘉 盛 物 業
（為中國五礦之非全資附屬公司）訂立物業 管理服務合同，據此，嘉盛物業同意就五 礦•龍灣國際社區銷售中心、樣板房展示 區及未出售空置房提供物業管理服務，由 二零一七年一月一日起至二零一八年十二 月 三 十 一 日 止，為 期 兩 年（「服 務 合 同 一」）。根據服務合同一，嘉和日盛就截至 二零一七年十二月三十一日及二零一八年 十二月三十一日止年度須支付予嘉盛物業 之服務費用年度上限分別為5,859,000元人 民幣及5,915,000元人民幣。由於根據服務 合同一項下嘉和日盛應付之服務費用計算 之所有適用百分比率均少於5%，服務合 同一須遵守上市規則有關年度審閱、申報 及公告之規定，但獲豁免遵守股東通函、
獨立財務意見及獨立股東批准之規定。
於 截 至 二 零 一 七 年 十 二 月 三 十 一 日 止 年 度，嘉和日盛支付予嘉盛物業之服務費用 總額為3,450,881元人民幣（二零一六年：
3,684,429元人民幣）。
7. 於二零一六年十二月二十二日，中潤城鎮
（為本公司之全資附屬公司）與嘉盛物業訂 立物業管理服務合同，據此，嘉盛物業同 意就格蘭小鎮未出售空置房提供物業管理 服 務，由 二 零 一 七 年 一 月 一 日 起 至 二 零 一八年十二月三十一日止，為期兩年（「服 務合同二」）。根據服務合同二，中潤城鎮 就截至二零一七年十二月三十一日及二零 一八年十二月三十一日止年度須支付予嘉 盛 物 業 之 服 務 費 用 年 度 上 限 分 別 為 1,932,000元 人 民 幣 及1,464,000元 人 民 幣。由於根據服務合同二項下中潤城鎮應 付之服務費用計算之所有適用百分比率均 少於5%，服務合同二須遵守上市規則有 關年度審閱、申報及公告之規定，但獲豁 免遵守股東通函、獨立財務意見及獨立股 東批准之規定。
6. A property management service contract dated 22 December 2016 was entered into between Jiahe Risheng (a wholly-owned subsidiary of the Company) and Jiasheng Properties (a non wholly-owned subsidiary of China Minmetals) whereby Jiasheng Properties would provide property management services to the sales office, show flats and unsold residential units of LOHAS International Community for a term of two years from 1 January 2017 to 31 December 2018 (“Service Contract I”). The annual cap for the service fees payable by Jiahe Risheng to Jiasheng Properties in respect of Service Contract I for the years ended 31 December 2017 and 31 December 2018 were RMB5,859,000 and RMB5,915,000 respectively. As all the applicable percentage ratios in respect of the service fees payable by Jiahe Risheng under Service Contract I are less than 5%, Service Contract I is subject to annual review, reporting and announcement requirements, but exempt from circular, independent financial advice and independent Shareholders’ approval requirements under the Listing Rules.
The aggregate sum of service fee paid by Jiahe Risheng to Jiasheng Properties for the year ended 31 December 2017 was RMB3,450,881 (2016: RMB3,684,429).
7. A property management service contract dated 22 December 2016 was entered into between Zhongrun Chengzhen (a wholly-owned subsidiary of the Company) and Jiasheng Properties whereby Jiasheng Properties would provide property management services to the unsold residential units of Scotland Town for a term of two years from 1 January 2017 to 31 December 2018 (“Service Contract II”). The annual cap for the service fees payable by Zhongrun Chengzhen to Jiasheng Properties in respect of Service Contract II for the years ended 31 December 2017 and 31 December 2018 were RMB1,932,000 and RMB1,464,000 respectively. As all the applicable percentage ratios in respect of the service fees payable by Zhongrun Chengzhen under Service Contract II are less than 5%, Service Contract II is subject to annual review, reporting and announcement requirements, but exempt from circular, independent financial advice and independent Shareholders’ approval requirements under the Listing Rules.