Exhibit 7.04
ABG Management Limited
Unit 3002-3004,
30th Floor, Gloucester Tower
The Landmark
15 Queen’s Road Central
Hong Kong
February 17, 2017
VIA FACSIMILE
GL Capital
Unit 3001, China World Tower 2
No. 1 Jian Guo Men Wai Avenue
Beijing 100004, People’s Republic of China
Attention: Shirley Lin
Facsimile: +86-10-5961-1210
Jade Park
C203, Lufthansa Office Building
No. 50 Liangmaqiao
Beijing 100125, China
Attention: Lanchu Liu
Facsimile: +86-10-6465-1240
Bank of China Group Investment Limited
23rd Floor, 1 Garden Road,
Central, Hong Kong
Attention: Suet Mui Pang/Richard Zheng
Facsimile: (852) 2810 9736
| Re: | Notice of Termination of Consortium Agreement |
Ladies and Gentlemen:
Reference is made to the Consortium Agreement, dated as of February 22, 2016 (the “Consortium Agreement”), by and among GL Capital Management GP Limited (“GL Capital”), Jade Park Investments Limited (“Jade Park”), Bank of China Group Investment Limited (“BOCGI”) and ABG Management Limited (“ABG”). Capitalized terms used but not otherwise defined herein have the respective meanings assigned to them in the Consortium Agreement. References to any Article in this notice shall be to such Article in the Consortium Agreement.
ABG hereby notifies each of GL Capital, Jade Park and BOCGI that ABG hereby ceases its participation in the Consortium where upon the Consortium Agreement is hereby terminated with respect to ABG with immediate effect. GL Capital confirms that ABG has settled all the Consortium Expenses which it is responsible for underArticle II (Transaction Costs) of the Consortium Agreement, and hereby releases, waives and forever discharges ABG of and from any further claim relating to ABG’s share of Consortium Expenses underArticle II (Transaction Costs) or otherwise.
[Signature page follows]
| Very truly yours, | ||
| ABG MANAGEMENT LIMITED | ||
| By | /s/ YU Fan | |
| Name: YU Fan | ||
| Title: Director | ||
| ACCEPTED and AGREED: | ||
| GL CAPITAL MANAGEMENT GP LIMITED | ||
| By | /s/ Zhenfu Li | |
| Name: Zhenfu Li | ||
| Title: Director | ||
