Examples of PRC in a sentence
The Board considered that the relatively low utilisation rate of the annual caps for each of the financial years ended 31 December 2022 and 2023, and for the nine months ended 30 September 2024 were mainly due to the downward trend in the infant milk formula market resulted from the falling birth rate and demand in the PRC in recent years.
The consideration under the Commercial Database Transfer Agreement was arrived at after arm’s length negotiations between PRC Holdco and Shanghai Louyi with reference to, among others, the costs incurred for the development of the Commercial Database and the future business development plans and prospects.
Each of PRC Holdco and Shanghai CRIC is an indirect wholly-owned subsidiary of the Company.
The Group is principally engaged in the (i) dairy industry with activities ranging from research and development, milk collection, processing, production, packaging, marketing and distribution of infant formula and other dairy products to customers in the PRC, the Netherlands, Australia, the Middle East and other overseas countries; and (ii) research and development, production, marketing and distribution of nutrition products to customers principally located in the PRC and Australia.
The two-child policy implemented nationwide in the PRC beginning 1 January 2016 brought about demographic dividend which increased the demand for early childhood educational resources and created a broader market for early childhood education services (including educational information service providers and early childhood education technology companies).