XXXX & CO Financing Arrangements – XXXX & CO Finance Cooperation Agreement Sample Clauses

XXXX & CO Financing Arrangements – XXXX & CO Finance Cooperation Agreement. Reference is made to the Company’s announcement dated 3 November 2017 regarding the XXXX & CO Finance Cooperation Agreement pursuant to which Genius AFC agreed to provide vehicle financing services to the XXXX & CO Dealers and XXXX & CO Retail Customers until the end of 2020. The XXXX & CO Finance Cooperation Agreement has an initial term of three years and will then continue unless and until terminated by either party by giving at least 6 months prior written notice, subject to the approvals from the regulators of the Company and the Independent Shareholders. Under the terms of the XXXX & CO Finance Cooperation Agreement, Genius AFC will enter into individual XXXX & CO Wholesale Facility Agreements with the XXXX & CO Dealers after the commencement of the XXXX & CO Wholesale Financing Business and will also enter into the XXXX & CO Retail Loan Cooperation Agreements with the XXXX & CO Dealers, pursuant to which such dealers shall recommend their retail customers to use Genius AFC for the obtaining of vehicle loans to finance their purchase of XXXX & CO-branded vehicles. After the commencement of the XXXX & CO Retail Financing Business, Genius AFC will enter into individual XXXX & CO Retail Loan Agreements with the XXXX & CO Retail Customers. The XXXX & CO Wholesale Annual Caps for the XXXX & CO Wholesale Financing Business for the three years ending 31 December 2023 are approximately RMB450.0 million, RMB675.0 million and RMB1,125.0 million, respectively. The XXXX & CO Retail Annual Caps for the XXXX & CO Retail Financing Business for the three years ending 31 December 2023 are approximately RMB10,153.9 million, RMB13,303.5 million and RMB17,149.7 million, respectively.
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Related to XXXX & CO Financing Arrangements – XXXX & CO Finance Cooperation Agreement

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