2016 — Page 23

REPORT OF THE DIRECTORS (CONTINUED)

CONNECTED TRANSACTIONS (Continued)

Continuing Connected Transactions (Continued)

Connected Persons

Date

6 January 2017

HPAL

3.

28 March 2014

Citistore (Hong Kong) Limited ("Citistore"), an indirectly non-wholly owned subsidiary of HLD

Transactions

WDL entered into the Letter Agreement with HPAL for the appointment of HPAL as the sales manager to provide the Services (as defined in the Hung Hom Sales Management Agreement) in respect of the sale and purchase of the remaining residential units of the Hung Hom Property for a further period of one year commencing from 1 January 2017 and ending on 31 December 2017. The aggregate amount of fees receivable by HPAL as remuneration under the appointment shall be subject to a ceiling of HK$1,000,000 for the year ending 31 December 2017.

The Group (by HREAL as agent) entered into the Tenancy Renewal Agreement with Citistore as tenant for renewing the tenancy of Shop Nos. G01, Portion of G31, G35-G50, Portion of G51, Portion of G52, G63-G74 and corridors and atrium on Ground Floor, and Shop Nos. 127-161 and corridors and toilets on Level 1, Metro Harbour Plaza

("MHP"), Tai Kok Tsui, Kowloon, Hong Kong.

The Group (by HREAL as agent) also entered into an External Wall Signage Licence Agreement and an Entrance Signage Licence Agreement with Citistore as licensee for licensing of three external wall signages at MHP and one signage at the entrance of MHP, respectively.

The Tenancy Renewal Agreement, the External Wall Signage Licence Agreement and the Entrance Signage Licence Agreement are for a term of three years commencing from 1 July 2014.

The aggregate rentals, management fees, air-conditioning charges, promotional levy and other miscellaneous charges (exclusive of Government rates) under the Tenancy Renewal Agreement and the licence fees under the Licence Agreements, subject to annual ceiling of HK$13,200,000 for the year ended 31 December 2016.

Details of the Tenancy Renewal Agreement, the External Wall Signage Licence Agreement and the Entrance Signage Licence Agreement were set out in the announcement of the Company dated 28 March 2014.

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2016

21