Product Inspection and Testing as well as Research and Development Services Agreement Sample Clauses

Product Inspection and Testing as well as Research and Development Services Agreement. On 16 December 2019, Xiyuan Company, as the supplier, and the Company, on behalf of the Group, as the purchaser, entered into the Product Inspection and Testing as well as Research and Development Services Agreement, pursuant to which Xiyuan Company agreed to provide the Product Inspection and Testing as well as Research and Development Services to the Group. As at the date of this announcement, YTO beneficially owns approximately 41.66% equity interest in the Company and is the immediate controlling shareholder of the Company. As at the date of this announcement, Xiyuan Company is an indirect wholly-owned subsidiary of the Company and will become a direct wholly-owned subsidiary of YTO upon completion of relevant formalities for the change in industry and commercial registration before 1 January 2020. As such, Xiyuan Company will become a connected person of the Company before the outset of the term of the Product Inspection and Testing as well as Research and Development Services Agreement, and the transactions contemplated under the Product Inspection and Testing as well as Research and Development Services Agreement constitute continuing connected transactions of the Company under the Listing Rules.
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Related to Product Inspection and Testing as well as Research and Development Services Agreement

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