Property Management Services - Guangdong Yuehai Land paid approximately RMB 1,118,000 for property management services related to the marketing center and sample room demonstration area for the 2021 Yuecai City North Tower project, with a 2022 annual cap of RMB 1,500,000[3] - The company incurred service fees of approximately RMB 3,888,000 for property management services from Yuehai Property Management, with a 2022 annual cap of RMB 6,270,000[20] - Guangdong Yuehai Land paid approximately RMB 1,403,000 to Yuehai Life for related services, with a 2022 annual cap of RMB 1,620,000[29] - The company has established a property management service contract for the Guangzhou Shigui project, effective from January 1, 2022, to December 31, 2023[30] - The company has signed a property management service contract for the second phase of the Zhongshan Ma'an Island project, effective from January 1, 2022, to December 31, 2022[22] - The company has a service fee agreement with Yuehai Property Management for the Shigui project, with payments of approximately RMB 273,000 and a 2022 annual cap of RMB 440,000[6] - The company has established a property management service contract for the Zhuhai project, with payments of approximately RMB 3,888,000 and a 2022 annual cap of RMB 6,270,000[20] - The annual cap for property management services provided to Jiangmen Yuehai Land was RMB 6,600,000, with actual payments around RMB 5,240,000 for the year[100] - The company paid approximately RMB 2,881,000 for property management services related to the Jiangmen Yuehai Yuguifang project in the review year, with a 2022 annual limit of RMB 3,850,000[132] - The company entered into a property management service agreement for the Jiangmen Yuehai City project with a maximum annual limit of RMB 3,167,000 for 2023 and RMB 1,056,000 for 2024[128] - A property management service agreement for the Jiangmen Yuehai Yuguifang project was established with annual limits of RMB 2,097,000 for 2023 and RMB 932,000 for 2024[130] - The company entered into a property management service agreement for the Yun Port City project with a maximum annual limit of RMB 8,410,000 for 2023[135] - The company has no payments to the property management company for the Zhuhai Jinwan project in the review year, with a 2022 annual limit of RMB 0[143] - A property management service agreement for the Zhuhai Jinwan project was signed with annual limits of RMB 3,045,000 for 2023 and RMB 1,353,000 for 2024[148] - The service period for the property management contract for the Yuecai City North Tower project ended on March 31, 2023[136] - The service period for the Jiangmen Yuehai City project management agreement ended on March 31, 2023, with a maximum limit of RMB 1,000,000 for the relevant year[150] - The company entered into a property management service agreement with Yuehai Property Management for the Zhongshan Ma'anshan project, with an annual cap of RMB 3,925,000 from April 1, 2023, to December 31, 2023[156] - A second property management service agreement for the Yun'gang City project was established with an annual cap of RMB 2,310,000 from January 1, 2023, to March 31, 2023[157] Financial Services and Loans - The financial services cooperation agreement with Yuehai Financial includes cash deposits of approximately RMB 6,957,000 and a maximum daily balance for deposit services of RMB 60,000,000 for the fiscal year 2022[56] - The company received a loan of HKD 1 billion from a bank under a financing agreement, which was fully repaid by March 10, 2023[164][166] - A non-committed revolving loan of HKD 300 million was also secured from a second bank, which was fully repaid by March 17, 2023[168][170] - The company accepted a loan financing letter from the first bank on March 6, 2023, providing a principal of HKD 500 million for a term of 360 days[183] - As of December 31, 2022, the outstanding principal of the 2022 loan financing was HKD 1 billion[182] - The outstanding principal of the 2022 revolving loan financing as of December 31, 2022, was HKD 300 million[187] Corporate Governance and Compliance - The company adheres to strict corporate governance practices, ensuring transparency and accountability in its operations[199] - The company continues to comply with annual review and disclosure requirements for ongoing connected transactions as per listing rules[92] - The existing agreements with Yuehai Life and Huizhou Real Estate constitute continuing connected transactions under the listing rules[88] - The company is subject to annual review, reporting, and announcement requirements due to the percentage rates exceeding 0.1% but remaining below 5% for certain property management service contracts[181] - The company has multiple ongoing related party transactions, with the highest applicable percentage rates for certain agreements exceeding 0.1% but remaining below 5%, thus exempt from independent shareholder approval[160] Social Responsibility and Employee Welfare - The company emphasizes a commitment to social responsibility and sustainable development through various community support initiatives[194] - The company is dedicated to creating a safe and healthy work environment for employees, providing professional training opportunities[193] Subsidiaries and Acquisitions - The company’s subsidiary, Huizhou Development, completed the acquisition of Huizhou Real Estate on January 18, 2021, making them wholly-owned subsidiaries[107] - The company established a partnership to invest in the Foshan Jihua project, involving related parties as partners[115] - The company has adopted a real estate project co-investment scheme to allow participants to invest in various real estate projects[114] Lease Agreements - The company entered into a lease agreement for a temporary outdoor parking lot with a total area of 10,500 square meters, accommodating 700 parking spaces, for a term of 1 year starting from April 16, 2022, to April 15, 2023[46] - A lease agreement was signed with Shenzhen Yuehai Tianhe City for a term of 240 months starting from September 16, 2022, for commercial operations[75] - The monthly rent for the lease agreement signed on December 30, 2022, is RMB 395,075.70 for the first quarter of 2023, increasing to RMB 1,185,227.10 from April 2023 to December 2024[94] - The lease contract for Yuehai Tianhe City has an unverified value of approximately RMB 24,000,000, constituting a related transaction[114]
粤海置地(00124) - 2022 - 年度财报