2015 — Page 27

CONNECTED TRANSACTIONS (Continued)

Continuing Connected Transactions (Continued)

Date

REPORT OF THE DIRECTORS (CONTINUED)

Connected Persons

Transactions

8. 30 October 2015

HPAL

の

9.

30 October 2015

TCS Sales Management Agreement between JLL and HPAL for the appointment of HPAL as the sales manager for the development of the TCS Property for a term of three years commencing from the date of the first initial sale of any residential units of the Proposed TCS Development.

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$700,000 for the year ended 31 December

2015.

HPAL and Miramar

Details of the TCS Sales Management Agreement were set out in the announcement of the Company dated 30 October 2015.

Letter Agreement between JLL and HPAL to lease the Premises for the show flats and sales office of the TCS Property for the period from 5

November 2015 to the completion date (the earlier of 4 January 2017

and the date on which the last residential unit in the TCS Property to be sold is sold). JLL was the principal and HPAL acted as agent of JLL under the Miramar/HPAL Agreement, as disclosed in the announcement of

Miramar dated 10 July 2014.

The aggregate rents, fees and other charges (exclusive of Government rates) to HPAL shall be subject to a total annual ceiling of HK$2,000,000 for the year ended 31 December 2015.

Details of the Letter Agreement were set out in the announcement of the Company dated 30 October 2015.

Hong Kong Ferry (Holdings) Company Limited

25

Annual Report 2015