Independent Third Parties definition
Examples of Independent Third Parties in a sentence
As the automobiles manufactured by the Group will also be sold to Independent Third Parties, the pricing for the sale of the automobiles by the Group to the Shenyang Automobile Group will be determined by reference to the pricing policy and prevailing market price of the automobiles sold by the Group to Independent Third Parties to ensure that the prices offered to the Shenyang Automobile Group will be no more favourable than the prices offered to Independent Third Party purchasers.
By implementing the above methods and procedures, the Directors consider that the Company has implemented sufficient measures to ensure that the transactions in respect of the relevant services under the 2025 Comprehensive Services Purchase Framework Agreement will be conducted on normal commercial terms or terms no less favourable to the Group than those procured from Independent Third Parties.
As there are no comparable services available from other Independent Third Parties suppliers for the provision of the fire emergency services within the close proximity of the office and factory of JSA, the margin thereof shall be determined after arm’s length negotiation between members of the Group and the relevant members of the Shenyang Automobile Group based on normal commercial terms and shall be of not more than 10%.