REPORT OF THE DIRECTORS (CONTINUED)
CONNECTED TRANSACTIONS (Continued)
Continuing Connected Transactions (Continued)
Date
Connected Persons
Transactions
3. 30 October 2015
4. 23 June 2017
Henderson Property Agency Limited ("HPAL"), a wholly-owned subsidiary of HLD
Citistore (Hong Kong) Limited ("Citistore"), an indirectly non-wholly owned subsidiary of HLD, and HREAL
TCS Sales Management Agreement between JLL and HPAL for the appointment of HPAL as the sales manager of the Proposed TCS Development for a term of three years commencing from the date of the first initial sale of any residential units of the TCS Property.
The sales fee of half of one per cent. (0.5%) of the gross proceeds of sale of the residential units and other portions of the TCS Property shall be subject to the ceiling of HK$200,000 for the year ended 31 December 2018.
Details of the TCS Sales Management Agreement were set out in the announcement of the Company dated 30 October 2015.
The Group (by HREAL as agent) as landlord entered into a renewal offer letter A (the "Renewal Offer Letter A") with Citistore as tenant in respect of the leasing of Shop Nos. G01, Portion of G31, G35- G50, Portion of G51, Portion of G52, G63–G74 and corridors and atrium on Ground Floor, Metro Harbour Plaza (“MHP"), Tai Kok Tsui, Kowloon, Hong Kong ("Previous Premises 1") and Bridge area on Level 1, MHP ("Premises 2") for a term of one year commencing from 1 July 2017 to 30 June 2018. The term of the Renewal Offer Letter A expired in June 2018.
The Group (by HREAL as agent) as landlord entered into a renewal offer letter B (the "Renewal Offer Letter B") with Citistore as tenant in respect of the leasing of Shop Nos. 127-161 and corridors and toilets on Level 1, MHP ("Premises 3") for a term of three years commencing from 1 July 2017 to 30 June 2020.
The aggregate rentals, management fees, air-conditioning charges, promotional levy and other miscellaneous charges (exclusive of Government rates) under the Renewal Offer Letter A and the Renewal Offer Letter B, subject to annual ceiling of HK$11,300,000 for the year ended 31 December 2018.
Details of the Renewal Offer Letter A and the Renewal Offer Letter B were set out in the announcement of the Company dated 23 June 2017.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018