Printing Service Framework Agreement Sample Clauses

Printing Service Framework Agreement. Pursuant to the printing service framework agreement (the “Printing Service Framework Agreement”) dated [●] 2021 entered into by Guangdong Jingda with Tongxin Printing, Tongxin Printing has agreed to provide printing services in respect of student admission materials, teaching materials, marketing materials and other printing services to Guangdong Jingda and our University. Guangdong Jingda or its designated party will enter into separate agreements with Tongxin Printing in respect of each printing project which will set out the details of such project and the specific payment requirements (including payment method, payment schedule and payment information) pursuant to the principles stipulated in the Printing Service Framework Agreement. The term of the Printing Service Framework Agreement is from the [REDACTED] to August 31, 2023, and renewable unless terminated by either party by serving written notice to the other party within 30 days prior to the expiration of the Printing Service Framework Agreement (subject to compliance with the provisions under the Listing Rules regarding continuing connected transactions). The service fees payable by us to Tongxin Printing under the Printing Service Framework Agreement shall be agreed by us and Tongxin Printing under the individual printing service agreements, after arm’s length negotiation between the parties, and determined in accordance with (a) the estimated volume required for the printing services; (b) the printing specification and requirement, including but not limited to the printing material and paper size; and (c) the prevailing market rate of similar printing services provided by other independent printing companies. Historically, the service fees paid by our Group to Tongxin Printing for the years ended August 31, 2018, 2019 and 2020 and for the six months ended February 28, 2021 amounted to approximately RMB1.26 million, RMB0.78 million, RMB1.05 million and RMB0.40 million, respectively. Our Group’s larger printing needs for the year ended August 31, 2018 was due to the large quantity of the application materials to the authorities for enhancing our University to an undergraduate vocational school. The annual cap under the Printing Service Framework Agreement for the years ending August 31, 2021, 2022 and 2023 is RMB1.80 million, RMB1.90 million and RMB2.00 million, respectively. Our Group expects larger printing needs for the second half of the year ended August 31, 2021 compared with the first hal...
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