Annual Report 2021

69 ANNUAL REPORT 2021 (viii) in respect of the services provided by CMIT to Haixing in relation to the Haixing IT System Framework Agreement, details of which are set out in note (viii) to paragraph (a) of this section, the amount of service fees paid by the Group to CMIT for the year ended 31 December 2021 did not exceed RMB35.6 million, the annual cap for service fees for the year ended 31 December 2021; (ix) in respect of the leasing of residential units under the Qianhai Bay Garden Lease Agreements, details of which are set out in note (ix) to paragraph (a) of this section, the aggregate amount of rental income received by the Group from the Lessees for the year ended 31 December 2021 did not exceed RMB9 million, the annual cap for the aggregate rental income for the year ended 31 December 2021; and (x) in respect of the technology services provided by Shekou Container Terminal to Haixing, details of which are set out in note (x) to paragraph (a) of this section, the amount of service fees paid by Haixing to the Group for the year ended 31 December 2021 have not exceeded RMB10.81 million, the aggregate annual cap for the services fees for the year ended 31 December 2021; in respect of the technology services provided by Chiwan Container Terminal, Chiwan Port Container and Mawan Port to Haixing, details of which are set out in note (x) to paragraph (a) of this section, the amount of service fees paid by the Group to Chiwan Container Terminal, Chiwan Port Container and Mawan Port for the year ended 31 December 2021 have not exceeded RMB14.99 million, the aggregate annual cap for the services fees for the year ended 31 December 2021. The Company has followed the pricing terms and policies set out in respect of each of the continuing connected transaction listed in paragraph (a) of this section. Save as disclosed above and in the section headed “Related Party Transactions” in note 41 to the consolidated financial statements, there are no other contract, of significance between the Company or any of its subsidiaries, and controlling shareholders or any of its subsidiaries submitted, at the end of the year or at any time during the year. The Company confirms save and except for those connected transactions or continuing connected transactions under the Listing Rules set out in this section headed “Connected Transactions” of the Report of the Directors, the other transactions were not regarded as connected transactions or continuing connected transactions under the Listing Rules or were exempt from reporting, announcement and shareholders’ approval requirements under the Listing Rules. The connected transactions and continuing connected transactions as disclosed in this section headed “Connected Transactions” of the Report of the Directors have complied with the requirements of Chapter 14A of the Listing Rules. The Company’s auditor was engaged to report on the Group’s continuing connected transactions in accordance with Hong Kong Standard on Assurance Engagements 3000 (Revised) “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” and with reference to Practice Note 740 “Auditor’s Letter on Continuing Connected Transactions under the Hong Kong Listing Rules” issued by the Hong Kong Institute of Certified Public Accountants. The auditor has issued their unqualified letter containing their findings and conclusions in respect of the continuing connected transactions disclosed by the Group in paragraph (a) of this section in pages 63 to 67 of the Annual Report in accordance with Rule 14A.56 of the Listing Rules. A copy of the auditor’s letter has been provided by the Company to the HKSE.