Annual Report 2018

130 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 董事會報告書 REPORT OF THE DIRECTORS RELATED PARTY TRANSACTIONS (continued) During the year under review, the following transaction constituted continuing connected transaction and is subject to annual review requirement under the Chapter 14A of the Listing Rules: Tenancy Agreement A tenancy agreement (the “Tenancy Agreement”) was entered into on 23 December 2016 whereby a portion of the 5th Floor, Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong (the “Premises”) with an aggregate gross floor area of approximately 6,000 square feet was leased by Billioncorp Development Limited (“Billioncorp”), an indirect wholly owned subsidiary of Shougang HK, to a wholly owned subsidiary of the Company for a term of thirty-six (36) months commencing from 1 January 2017 and expiring on 31 December 2019 at a monthly rental of HK$282,000. The original annual cap for the financial year ended 31 December 2018 is HK$3,384,000. Subsequently, on 1 August 2018, both parties to the Tenancy Agreement mutually agree to terminate the Tenancy Agreement. Hence, the amount of annual rental cap was HK$1,974,000 for the financial year ended 31 December 2018. Shougang HK is a substantial Shareholder and therefore a connected person of the Company under the Listing Rules. According, the transaction under the Tenancy Agreement constituted a continuing connected transaction (the “Continuing Connected Transaction”). 有關連人士交易 （續） 於本年度回顧，以下交易構成持續關連交易並 須遵守上市規則第 14A 章之年度審閱之規定： 租賃協議 一項租賃協議（「該租賃協議」）已於二零一六 年十二月二十三日簽訂，由兆佳發展有限公 司（「兆佳」）（首控香港間接持有之全資附屬公 司）向本公司之一間全資附屬公司出租香港灣 仔告士打道 56 號東亞銀行港灣中心五樓其中 一部份（「該物業」），樓面建築總面積約 6,000 平方呎，並由二零一七年一月一日起至二零 一九年十二月三十一日止，為期三十六 (36) 個 月，每月租金為港幣 282,000 元。二零一八年 十二月三十一日止財政年度之年度上限原為港 幣 3,384,000 元。其後，於二零一八年八月一 日，租賃協議雙方共同同意終止該租賃協議。 因此，二零一八年十二月三十一日止財政年度 之每年租金上限為港幣 1,974,000 元。 首控香港為主要股東及因此為上市規則所指之 本公司關連人士。就此，該租賃協議之交易構 成持續關連交易（「持續關連交易」）。