Slide 1: Amended Financial Services Framework Agreement with Improved Terms
Amended Financial Services Framework Agreement with Improved Terms Presentation Post Release of Circular October 2010
Slide 2: Table of Contents
Table of Contents Page II Introduction 3 II II Reasons for and Benefits of Entering into the Amended Agreement 5 III III Major Improved Terms of the Amended Agreement 7 IV IV Major Undertakings Given by Tianjin Port Group 9 VV Internal Control and Risk Management Measures 11 App AppII Retained Terms
Slide 3: Section I: Introduction
Section I：Introduction 3
Slide 4: Introduction
II Introduction Background： In February 2010, Tianjin Port Development completed its transaction to acquire 56.81% of Tianjin Port Holdings Co., Ltd. (“Tianjin Port Co”) (the “Acquisition”) Tianjin Port Co has been the largest shareholder of Tianjin Port Finance Tianjin Port Co used the financ
Slide 5: Section II: Reasons for and Benefits of Entering into the Amended Agreement
Section II：Reasons for and Benefits of Entering into the Amended Agreement 5
Slide 6: Reasons for and Benefits of Entering into the Amended Agreement
II II Reasons for and Benefits of Entering into the Amended Agreement Tianjin Port Finance serves members of Tianjin Port Group only Commercial Benefits: More efficient settlement services When Tianjin Port Finance platform than provided by other offers more favorable commercial banks terms than ot
Slide 7: Section III: Major Improved Terms of the Amended Agreement
Section III：Major Improved Terms of the Amended Agreement 7
Slide 8: Major Improved Terms of the Amended Agreement
III III Major Improved Terms of the Amended Agreement Tianjin Port Group Reinforced internal control and risk Unilateral Additional pricing as guarantor and termination rights benchmark gives undertakings management measures Details: Unilateral termination rights if Tianjin Port Finance breaches PR
Slide 9: Section IV: Major Undertakings Given by Tianjin Port Group
Section IV：Major Undertakings Given by Tianjin Port Group 9
Slide 10: Major Undertakings Given by Tianjin Port Group
IV IV Major Undertakings Given by Tianjin Port Group To the China Banking Regulatory Commission (“CBRC”) as well as to Tianjin Port Development ： if Tianjin Port Finance experiences or foresees to experience any liquidity problem, Tianjin Port Group will inject capital to Tianjin Port Finance in o
Slide 11: Section V: Internal Control and Risk Management Measures
Section V：Internal Control and Risk Management Measures 11
Slide 12: Internal Control and Risk Management Measures
VV Internal Control and Risk Management Measures Facts about Tianjin Port Finance: Internal control and risk management measures: It is regulated by PBOC Secure information system Tianjin Port Finance’s system Internal control and risk achieves the security standard for management measures are com
Slide 13: Conclusion
Conclusion Having considered Terms of the Amended Agreement are much improved compared with the previous agreement Commercial benefits could be obtained by entering into the Amended Agreement The internal control and risk management measures in place to safeguard the interest of Tianjin Port D
Slide 14: Thank You!
Thank You! (A) ReSDRER ABAD — janjin Port Development Holdings Limited
Slide 15: Appendix I: Retained Terms
Appendix I：Retained Terms 15
Slide 16: Retained Terms
App AppII Retained Terms Some important terms are retained from the previous agreement which are important to safeguard the interests of Tianjin Port Development: The average daily amount of outstanding loans extended by Tianjin Port Finance to the Group is higher than that of deposits placed by t
Slide 17: Appendix II: Proposed Annual Caps of Deposit Services
Appendix II：Proposed Annual Caps of Deposit Services 17
Slide 18: Proposed Annual Caps of Deposit Services
App AppII II Proposed Annual Caps of Deposit Services Proposed Annual Caps for deposits to be placed by the Group with Tianjin Port Finance of RMB2,200 million for the three years ending 31 December 2012 was determined with reference to: the historical deposit balances placed by Tianjin Port Co gr
Slide 19: Appendix III: Comparison of Regulatory Ratios
Appendix III：Comparison of Regulatory Ratios 19
Slide 20: Comparison of Regulatory Ratios
App AppIII III Comparison of Regulatory Ratios Finance companies in the PRC are subject to more stringent regulatory ratios than commercial banks, such as finance companies are required to have a higher capital adequacy ratio Finance companies PRC commercial bank Capital adequacy ratio Shall not be
Slide 21: Appendix IV: Information on Tianjin Port Finance
Appendix IV：Information on Tianjin Port Finance 21
Slide 22: Information on Tianjin Port Finance
App AppIV IV Information on Tianjin Port Finance Shareholding Company Name (%) Tianjin Port Co and its subsidiaries 48.00 Tianjin Port Group (excluding Tianjin Port Co and its subsidiaries) 32.01 China Everbright Limited 19.99 TOTAL 100.00 Financial information Tianjin Port Finance recorded zero b
Slide 23: Appendix V: Recommendation from IFA and Independent Board Committee
Appendix V：Recommendation from IFA and Independent Board Committee 23
Slide 24: Recommendation from IFA and Independent Board Committee
App AppVV Recommendation from IFA and Independent Board Committee IFA is of the view that (I) the following measures safeguard the Group’s deposits and protect the interests of Tianjin Port Development and its shareholders： - the CBRC and PBOC regulatory requirements - the internal control and risk
Slide 25: Disclaimer
Disclaimer These materials have been provided by Tianjin Port Development Holdings Limited (“Tianjin Port Development”, together with its subsidiaries, the “Group”), solely for use at this presentation and have not been independently verified. No representations or warranties, express or implied,