Sale of Convenient Ready-to-eat Food Products Sample Clauses

Sale of Convenient Ready-to-eat Food Products. During the term of the Super Hi Master Sales Agreement, the Group is the sole supplier of the Convenient Ready-to-eat Food Products to the Super Hi Group for display and sales to customers in the hot pot restaurants of the Super Hi Group. Sale of Convenient Ready-to-eat Food Products will be made on the basis of individual orders specifying the type of product, purchase volume, delivery date and etc. The price of the Convenient Ready-to-eat Food Products shall be determined based on the pricing basis as set out below. Pricing basis The sales prices of Haidilao Customized Products, Yihai Retail Products and Convenient Ready- to-eat Food Products are determined by the parties with reference to a number of factors as stated below. If there is any change in pricing policy in the future, the Group shall fully comply with the relevant requirements under Chapter 14A of the Listing Rules (if applicable).
Sample 1
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Sale of Convenient Ready-to-eat Food Products. The sales price of Convenient Ready-to-eat Food Products shall be determined by the parties after arm’s length negotiations with reference to (i) the relevant costs and expenses, and (ii) the prevailing market price of similar products the Group offers to its other independent third parties. Taking into account historical data and forecasted estimates, the independent non-executive Directors will regularly review and re-assess the sales prices of Haidilao Customized Products semi-annually and make adjustments as appropriate to maintain a net profit margin for such sales same as those for the sales to independent third party distributors. The Group also adjusts sales prices if there is any significant change in the cost of sales and expenses incurred in connection with Haidilao Customized Products. The independent non-executive Directors will also regularly review and re-assess the sales prices of the Yihai Retail Products and Convenient Ready-to- eat Food Products semi-annually and make adjustments if there is any significant change in the production costs and expenses. Payment terms Fees payable under the Super Hi Master Sales Agreement will be billed in a timely and appropriate manner according to the terms agreed by both parties.
Sample 1
Sale of Convenient Ready-to-eat Food Products. Payment shall be made on a regular basis, following the delivery of products and issuance of invoices by the Group. Historical amounts The table below sets forth the historical amounts for the Group’s sales to the Super Hi Group for the three years ended 31 December 2021 and the six months ended 30 June 2022: For the year ended 31 December For the six months ended 30 June 2019 2020 2021 2022 (RMB in thousands) 46,553 39,110 54,721 41,989 Proposed annual caps and basis of determination The Company estimates that the annual caps for the Super Hi Master Sales Agreement for the two years ending 31 December 2023 are as follows (the “Super Hi Master Annual Caps”): Proposed annual cap for the year ending 31 December 2022 2023 (RMB in thousands) 111,598 152,305 The Existing Haidilao Master Annual Caps under the Haidilao Master Sales Agreement for the two years ending 31 December 2023 are set out below: Existing Haidilao Master Annual Caps for the year ending 31 December 2022 2023 (RMB in thousands) 5,693,000 7,540,000 Accordingly, upon completion of the proposed Super Hi Spin-off, the Existing Haidilao Master Annual Caps under the Haidilao Master Sales Agreement for the two years ending 31 December 2023 will be adjusted by deducting the corresponding Super Hi Master Annual Caps, which are set out below: New Haidilao Master Annual Caps for the year ending 31 December 2022 2023 (RMB in thousands) 5,581,402 7,387,695 In arriving the above proposed annual caps for the Super Hi Master Sales Agreement for the two years ending 31 December 2023, the Group has taken into account the following factors:
Sample 1

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