Annual Report 2019

Report of the Directors 98 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED continuing connected transaction pursuant to Rule 14A.76(1) of the Listing Rules. However, given these are also of a similar nature or otherwise connected among themselves or with the lease agreement set out in notes (i) to (ii) to paragraph (j) of this section, these will also need to be aggregated as if they were one transaction. The aggregate rental and management service fees paid by the Group under these lease agreements and management agreements for the year ended 31 December 2019 has not exceeded RMB130,000,000, the aggregate annual cap for the year ended 31 December 2019; (iv) in respect to the leasing of an office space in Qianhai Shenzhen under the CMPG Tenancy Agreement, details of which are set out in note (iv) to paragraph (j) of this section, the aggregate rental fees for the year ended 31 December 2019 have not exceeded RMB9,500,000, the annual cap for the year ended 31 December 2019; (v) members of the Group and other associates of the CMG Group have entered into various lease agreements of which rental income is receivable by members of the Group from the CMG Group and its associates which individually are de minimis continuing connected transaction pursuant to Rule 14A.76(1) of the Listing Rules. However, given these lease agreements, together with the lease agreement set out in note (iv) to paragraph (j) of this section, are of a similar nature or otherwise connected, these lease agreements will need to be aggregated as if they were one transaction. The aggregate rental fees received by the Group under these lease agreements for the year ended 31 December 2019 has not exceeded RMB60,000,000, being the aggregate annual cap for rental fees received by the Group for the year ended 31 December 2019; (vi) in respect of the provision of ship berthing services by Yiu Lian to CMCS, details of which are set out in note (vi) to paragraph (j) of this section, the aggregate ship berthing service fees paid has not exceed HK$14,500,000, the annual cap for the year ended 31 December 2019; (vii) in respect of the receipt of agency services from, and provision of port-related services to, members of the Sinotrans & CSC group, details of which are set out in note (vii) to paragraph (j) of this section, the aggregate service fees received for the year ended 31 December 2019 have not exceeded RMB50,000,000, the aggregate annual cap for the services fees for the year ended 31 December 2019 and the aggregate agency fees paid for the year ended 31 December 2019 have not exceeded RMB8,000,000, the aggregate annual cap for the agency fees for the year ended 31 December 2019; (viii) in respect of the receipt of port and freight forwarding services from and the provision of port and port-related services to, the CMPG Group, details of which are set out in note (viii) to paragraph (j) of this section, the aggregate service fees for the provision of port and port-related services receivable by the Group from CMPG Group for the year ended 31 December 2019 have not exceeded RMB25,000,000, the aggregate annual cap for the services fees for the year ended 31 December 2019 and the aggregate service fees for port and freight forwarding services payable by the Group to CMPG Group for the year ended 31 December 2019 have not exceeded RMB30,000,000, the aggregate annual cap for the services fees for the year ended 31 December 2019;