Examples of Procurement Agreements in a sentence
Accordingly, the transactions contemplated under the Procurement Agreements constitute continuing connected transactions of the Company pursuant to Chapter 14A of the Listing Rules.
As the highest applicable percentage ratio (as defined in the Listing Rules) exceeds 0.1% but is less than 5% on an aggregated basis, the transactions contemplated under the Procurement Agreements are subject to the reporting, announcement and annual review requirements, but are exempt from the circular (including independent financial advice) and the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
The entering of the Procurement Agreements will also improve the service quality of in-network hospitals, and satisfy the increasing demands of patients.
The Directors (including the independent non-executive Directors) are of the view that the continuing connected transactions contemplated under the Procurement Agreements were entered into on normal commercial terms in the ordinary and usual course of business of the Group, the terms and conditions therein as well as the proposed annual caps for the continuing connected transactions contemplated thereunder are fair and reasonable as well as in the interests of the Company and its Shareholders as a whole.
The Board hereby announces that on September 14, 2021 (after trading hours), (i) Qihai Medicine, a wholly-owned subsidiary of the Company, entered into the Medicine Procurement Agreements with Handan Renhe Hospital and Kaiyuan Jiehua Hospital, respectively; and (ii) Jiangsu Supply Chain, a wholly-owned subsidiary of the Company, entered into the Medical Consumables Procurement Agreements with Handan Renhe Hospital and Kaiyuan Jiehua Hospital, respectively.