Master CKDs and Automobile Components Purchase Agreement Sample Clauses

Master CKDs and Automobile Components Purchase Agreement. On 4 November 2020 (after trading hours), the Company and Geely Holding entered into the Master CKDs and Automobile Components Purchase Agreement for a term of three years ending on 31 December 2023 under which it was conditionally agreed that the Group will purchase CKDs and automobile components under the Geely brand including Vision X6 vehicle model, etc. from the Geely Holding Group. The proposed CKDs and Automobile Components Purchase Annual Caps for the three years ending 31 December 2023 are approximately RMB11,953.9 million, RMB26,346.8 million and RMB23,842.7 million, respectively.
Sample 1
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Master CKDs and Automobile Components Purchase Agreement and the New Powertrain Sales Agreement As at the date of this announcement, Geely Holding is beneficially wholly owned by Xx. Xx and his associate. Xx. Xx is an executive Director and a substantial Shareholder holding approximately 41.20% of the issued share capital of the Company as at the date of this announcement, and is a connected person of the Company. Accordingly, Geely Holding is an associate of Xx. Xx and a connected person of the Company for the purpose of the Listing Rules, and the transactions contemplated under the Master CKDs and Automobile Components Sales Agreement, Master CKDs and Automobile Components Purchase Agreement and the New Powertrain Sales Agreement constitute continuing connected transactions for the Company pursuant to Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios of the proposed annual caps under the Master CKDs and Automobile Components Sales Agreement, Master CKDs and Automobile Components Purchase Agreement as well as the New Powertrain Sales Agreement exceed 5% on an annual basis, the proposed annual caps under the Master CKDs and Automobile Components Sales Agreement, Master CKDs and Automobile Components Purchase Agreement and the New Powertrain Sales Agreement are subject to the reporting, annual review, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules respectively.
Sample 1
Master CKDs and Automobile Components Purchase Agreement. On 4 November 2020 (after trading hours), the Company and Geely Holding entered into the Master CKDs and Automobile Components Purchase Agreement for a term of three years ending on 31 December 2023. The principal terms of the Master CKDs and Automobile Components Purchase Agreement are summarised below: Date 4 November 2020 (after trading hours) Parties Vendor: Geely Holding Purchaser: The Company Please refer to the paragraph headed “(A) Master CKDs and Automobile Components Sales Agreement – Parties” for further details regarding the Group and Geely Holding. Subject matter Pursuant to the Master CKDs and Automobile Components Purchase Agreement, it was conditionally agreed that the Group will purchase CKDs and automobile components under the Geely brand including Vision X6 vehicle model, etc. from the Geely Holding Group. For the avoidance of doubt, the CKDs and automobile components to be purchased from the Geely Holding Group under the Master CKDs and Automobile Components Purchase Agreement are different from those to be purchased from (i) the Geely Holding Group under the Services Agreement; and (ii) the Geely Holding Group under the Automobile Components Procurement Agreement, which were respectively disclosed in the announcement of the Company dated 5 October 2018. Under the Services Agreement, the products to be purchased from the Geely Holding Group by the Group are CBUs for sales and distribution to end customers. Under the Automobile Components Procurement Agreement, products to be purchased from the Geely Holding Group are automobile components (including batteries, motors, electronic control system products, headlights, car seats, etc.) which can be priced with reference to the prevailing market price of similar products. For the reasons as described above, the pricing bases for the products to be purchased from the Geely Holding Group under the Master CKDs and Automobile Components Purchase Agreement, the Services Agreement and the Automobile Components Procurement Agreement are different. The purchase of CKDs and automobile components by the Group from the Geely Holding Group will be conducted in the ordinary and usual course of business of the Group, on normal commercial terms and on terms no less favourable to the Company than terms available to or from (as applicable) other independent third parties to the Company.
Sample 1

Related to Master CKDs and Automobile Components Purchase Agreement

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