Examples of Blockchain in a sentence
The Board also announces that Beijing Asian Union, a consolidated subsidiary of the Company, and Ant Rongxin, an indirect wholly-owned subsidiary of Ant Group, entered into the Blockchain Marketing Technology Services Agreement on November 20, 2020.
Save as disclosed, none of the other Directors has a material interest in the Marketing & Promotion Services Framework Agreement, the Promotion Services Agreement, the Blockchain Marketing Technology Services Agreement and the transactions contemplated thereunder, as well as the relevant annual caps, and therefore none of them has abstained from voting on the relevant resolutions passed by the Board.
Pursuant to the Blockchain Marketing Technology Services Agreement, Ant Rongxin agreed to provide to Beijing Asian Union blockchain marketing technical services through Fansli to promote the movie “Soul Snatcher” (赤狐書生), subject to a maximum service fee of RMB400,000.
The maximum service fee chargeable by Xxx Xxxxxxx to Beijing Asian Union for the transactions contemplated under the Blockchain Marketing Technology Services Agreement was RMB400,000, which shall be calculated based on the sales amount of Fansli, being the actual units of Fansli sold multiplied by its unit price to be determined based on factors including, among other things, the marketing incentive redemption cost, technical and operating cost, withholding taxes and surcharges.
As at the date of this announcement, the actual service fee for the transactions contemplated under the Blockchain Marketing Technology Services Agreement was RMB400,000, which has been paid in cash by Beijing Asian Union to Ant Rongxin.