General transaction principles. The Group shall conduct reviews and evaluations of the fees payable under the 2024 Platform Services Master Purchase Agreements with reference to the rates quoted by other independent third party service providers of comparable services, in order to ensure that the transactions entered into under such agreements are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the service fees offered by independent third party service providers for comparable services, the Group will take into consideration (i) terms of market transactions of a similar size and nature recently entered into by the Group or independent third party(ies), and the latest market information of such independent third party provider(s); and (ii) the cooperative specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees payable by the Group pursuant to the 2024 Platform Services Master Purchase Agreements, to ensure the terms of the agreements are in the interest of the Group.
General transaction principles. The transactions contemplated under the 2021 Master Technical Services Agreement shall be conducted on a non-exclusive basis. The Group will solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Technical Services to determine if the purchase price quoted by the relevant Alibaba Affiliate and/or Alipay Affiliate (as the case may be) is fair and reasonable and comparable to those offered by unrelated third parties. Where it is impracticable for the Group to solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Technical Services, the Group will determine the purchase price of the Relevant Technical Services based on arm’s-length negotiation between the parties taking into consideration the comparable price of the services of the similar category of services as the Relevant Technical Services (such as the purchase price charged by the relevant Alibaba Affiliate and/or Alipay Affiliate (as the case may be) to unrelated third parties for services of the similar category of the Relevant Technical Services), the service specifications, cost structure, profit margin, transaction volume, transaction amount, freight terms, market condition and development strategy. A dedicated team of the Group will monitor and review the purchase price for the Relevant Technical Services regularly in order to ensure that the purchase price shall not, in any event, exceed the average market price for similar services to the Relevant Technical Services.
General transaction principles. The Group shall conduct reviews and evaluations of the prices payable under the 2024 Goods Master Purchase Agreements with reference to the price quoted by other independent third party providers of comparable goods or services, in order to ensure that the transactions entered into under such agreements are conducted on normal commercial terms. Where it is impracticable to make reference to the price offered by independent third party providers for comparable goods or services, the Group will take into consideration
General transaction principles. The transactions contemplated under the Master Technical Services Agreement (including, for the avoidance of doubt, the Subsisting Technical Services Agreements) shall be conducted on a non-exclusive basis. The Group will solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Technical Services to determine if the purchase price quoted by the Taobao China Group and/or the Alipay Group (as the case may be) is fair and reasonable and comparable to those offered by unrelated third parties. Where it is impracticable for the Group to solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Technical Services, the Group will determine the purchase price of the Relevant Technical Services based on arm’s-length negotiation between the parties taking into consideration the comparable price of the services of the similar category of services as the Relevant Technical Services (such as the purchase price charged by the Taobao China Group entities and/or the Alipay Group entities (as the case may be) to unrelated third parties for services of the similar category of the Relevant Technical Services), the service specifications, cost structure, profit margin, transaction volume, transaction amount, freight terms, market condition and development strategy. A dedicated team of the Group will monitor and review the purchase price for the Relevant Technical Services regularly in order to ensure that the transactions under the Master Technical Services Agreement are conducted on normal commercial terms.
General transaction principles. The Group shall conduct review and evaluation of the fees chargeable under the 2021 Master Supply Agreement with reference to the rates quoted by other independent third party service providers of comparable products and/or services in order to ensure that the fees under such agreements are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the fees chargeable for the products and/or services offered by independent third party service providers for comparable products and/or services, the Group will take into consideration the specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees chargeable by the Group pursuant to the 2021 Master Supply Agreement, ensuring the terms of the agreements are in the interest of the Group.
General transaction principles. The Group shall conduct review and evaluation of the fees payable under the 2021 Master Business Cooperation Agreement with reference to the rates quoted by other independent third party service providers of comparable services, in order to ensure that the fees under such agreements are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the service fees offered by independent third party service providers for comparable services, the Group will take into consideration the cooperative specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees payable by the Group pursuant to the 2021 Master Business Cooperation Agreement, ensuring the terms of the agreements are in the interest of the Group.
